Tag: OPCF27

Rental Car Coverage. Do you need to purchase extra?

When you’re renting a car you never want to worry whether or not you have the right insurance coverage and if you will be properly covered in the event of a collision. But you also don’t want to feel like you are overpaying, or duplicating coverage you already have! The rental company’s extra coverage might make sense in some cases, however you may be covered by your existing car insurance policy, or even through your credit card — particularly if you will be renting the vehicle in Canada or the United States (...)

Common Auto Insurance Endorsements, and What They Mean

Auto insurance is designed to protect you and your vehicle when you need it most — but all policies have limits and exclusions, and you may want to add extra coverage to make sure you’ll always be protected. The province of Ontario mandates that you carry the minimum coverage, which includes third party liability coverage, statutory accident benefits coverage, direct compensation coverage, and uninsured automobile coverage. However, there are situations where you will want or will be required to have additional coverage, often in the form of endorsements. In the insurance world, an “endorsement” is a change to the coverage outlined in your insurance policy (...)