The process of renting a car can be quite simple. You will find many easy to use websites, rental car kiosks in airports and train stations, and even online services which compare rental car agencies to find the best rate. Then, after you have selected your car and you are ready to hand over your credit card, you are presented with the idea of rental car insurance. Unfortunately, this decision requires more thought than a quick signature. The rental car agency will surely offer you choices of coverage, but you may already have coverage in place on your auto policy or your credit card.
What You Should Know About OPCF’s
When an accident is your fault, especially if you have a clean driving record, it can erase all those years of accident free driving, that is, unless you have accident forgiveness coverage. OPCF 39, also referred to as accident protection or accident forgiveness, will protect your driving record or preferred driver rating in the event of your first at fault accident.
This means that your car insurance premiums will not increase as a result of an insurance claim as long as you remain with the same Ontario insurance company. If you choose to switch insurance companies, you could see an increase in your auto insurance rates.
Coming to an amicable agreement with your insurance company about the replacement value of your vehicle when filing a claim is important.
Opcf 27 ontario auto insurance
You want to get the most value possible in order to replace your vehicle if it is deemed a write off. Essentially, this endorsement ensures that you will be able to replace your car with one of the same make and value.
You will have an option for the amount of months this endorsement is in effect. In most cases, you can choose between 24 and 60 months. To be eligible for this endorsement, drivers need to be the original owner of the vehicle and you must carry full coverage.
Even though auto insurance is mandatory in Ontario, there may be instances where you are involved in an accident with another driver who does not have as much or adequate coverage. OPCF endorsement protects you if you are involved in an accident and the at-fault driver does not have enough coverage to compensate the injured victims to cover the costs of their medical bills and recovery. With this endorsement, you can file a claim to recover the remaining outstanding damages.
Is OPCF 44 mandatory? This is a common question we receive about this endorsement.
Home Rss Feed. Uncategorized 0.
Does Your Ontario Auto policy cover you while driving on Vacation? The OPCF 27 will cover you anywhere in Canada and the United States. These optional enhancements called Ontario Policy Change Forms, better known as OPCFs, and are available for your auto insurance policy. OPCF 27 applies to damage to a vehicle that you are driving but you do not own. Most Ontario auto insurance companies offer the option of additional If your auto insurance policy includes the OPCF 27, you already have.
January 1. October 1 July 1.
November 2 September 1 May 1 January 1. November 1.
The Ontario Policy change Form 27 (also known as OPCF 27), is an endorsement which you may have already added to your personal auto. OPCF Liability for Damage to Non-Owned Automobile(s), and If the Certificate of Automobile Insurance is in the name of an individual or individuals, when they drive, in Ontario, an automobile which is rented or leased for a period of. So what Ontario Policy Change Form (OPCF) provides you with the ability to add extra insurance to your Ontario auto policy coverage for this.
Are You Covered? It has 0 Comments.
The OPCF 27 is an important endorsement that can help keep you protected when renting a No coverage if the auto is owned or licensed in the name of the insured or a are supported by a national operations centre in Cambridge, Ontario. OPCF 27B. Business Operations or as indicated on your Certificate of Automobile Insurance. 1. Purpose of rules of the Insurance Act (Ontario). 3. Limitations. Enhance your car insurance policy with an Ontario policy change form OPCF 27 - Liability for Damage to Non-Owned Automobile(s) and.
Possibly related posts: Now What? Comments Got something to say? Your Comment.
insured person referred to in 2, when the other automobile: . vehicle would be subrogated against your policy in Ontario with the OPCF
With OPCF 20, you are also covered if your vehicle is stolen. You can choose to rent a car or hire a taxi while you are unable to use your own car.
OPCF – Explaining Ontario Policy Change Form Information
There may be a limit on the amount of coverage you are provided depending on the individual policy endorsement. You must have collision coverage to add OPCF 20 to your policy. OPCF 27 applies to damage to a vehicle that you are driving but you do not own. Typically used for rental vehicles, OPCF 27 can make sure that you are covered in the event that you are involved in an accident where you are driving a car that is not yours.
All drivers listed on the policy will be covered by this endorsement. You must have collision coverage to add OPCF 27 to your policy.Using your own Auto Insurance on your Rental Car - OPCF 27
If you are the original owner of a brand new vehicle and you carry full coverage, you can choose OPCF 43 to protect the value of your car. OPCF 43 removes the depreciation deduction that your insurer is entitled to take from the value of your vehicle when settling a claim.
This means you get more money for your damaged car and you are more likely to be able to replace it with another car of the same value. You can choose to have this endorsement for between 24 and 60 months, depending on what your insurance company provides.