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ARTICLE · 04 OCTOBER 2024

Auto Insurance Benefits: What Are My New Options

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When it comes time to renew your car insurance, ask your broker about optional coverage. Though mandatory car insurance provides some protections for you and your family...

CanadaInsurance
Victoria Edwards
Victoria Edwards
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When it comes time to renew your car insurance, ask your broker about optional coverage. Though mandatory car insurance provides some protections for you and your family, the protections are limited. Aside from Statutory Accident Benefits Optional Benefits, there are a number of insurance endorsements that could make a big difference should you be injured in a car accident.

Car insurance endorsements come in the form of Ontario Policy Change Forms (OPCF). They allow you to increase your insurance protection after a car accident. There are many different types of OPCF insurance endorsements to consider. Some common ones include:

  • OPCF-5: Permission to Rent or Lease Automobiles and Extending Coverage to the Specified Lessee(s): This endorsement extends your insurance protection to a vehicle that you drive that is owned by a leasing company.

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