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People also ask
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What is the OPCF 23A?
It protects the lienholder's interest in your automobile if you have a claim for a loss covered under Section 6 "Direct Compensation - Property Damage" and Section 7 of your policy, "Loss or Damage Coverages." Lienholder Name and Address (the "Lienholder") to the extent of lienholder's interest.
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What is comprehension and collision car insurance?
They differ in the types of incidents they cover. Collision insurance helps cover repairs if you collide with another vehicle or object. Comprehensive covers repairs that do not result from collisions – for instance, theft, vandalism, animal damage, fires, and more.
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When to use opcf 16?
Here are some scenarios where you might choose to freeze Ontario's statutory road coverage using the OPCF 16 endorsement: You're planning a long trip and won't need your car. You own a car that can't be used in winter. The car is no longer drivable. Your driver's license is suspended. You can't drive due to health reasons.
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What is the OPCF 19 and 40?
OPCF 19/19A: Limiting amount paid for a loss or claim, and agreeded value of vehicles. OPCF 23A & OPCF 23B: Leinholder protection and mortgage endorsement. OPCF 28 and 28A : Reducing amounts for named persons and excluded driver. OPCF 40: Get additional protection with a fire insurance deductible.
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What are the four categories of insurance in Ontario?
If you own a vehicle in Ontario, you are required to purchase the following automobile insurance coverage: Third-party liability coverage: ... Statutory accident benefits coverage: ... Direct compensation – Property damage (DC-PD) coverage: ... Uninsured automobile coverage:
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What does OPCF stand for in insurance?
Additional enhancements, also known as policy endorsements or Ontario Policy Change Forms (OPCF), allow you to change, add or reduce the amount of coverage for certain situations.
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