For many business owners and their employees, rental vehicles are needed almost daily. Whether you are picking up a client or flying across the country to go to a meeting, you need to make sure your business is covered. Understanding your automobile policy is critical when deciding whether to purchase coverage from the rental company or if your own policy will cover you. However, it often comes with exclusions as well. For example, it may provide no protection while you drive on unpaved roads and varies from company to company.
There are other OPCFs, including OPCF 44Rwhich provides coverage in the event that the other driver in an accident is not adequately covered to compensate you for your injuries.Does Personal Auto Insurance Cover a Rental Car?
This also covers you if the other driver is unidentified or fails to stop. To find out more about OPCFs and the right policy endorsements for you, contact us today! Search for: What is an OPCF?
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. 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.
Rental Car Coverage OPCF 20 covers you in the event that your vehicle is damaged in an accident and you need alternative transport while it is being repaired or replaced.
OPCF Remove Depreciation Deduction 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. Accident Forgiveness Coverage Unfortunately, if you are involved in an accident that is your fault, there are repercussions in terms of your insurance policy.
insured person referred to in 2, when the other automobile: . vehicle would be subrogated against your policy in Ontario with the OPCF Does Your Ontario Auto policy cover you while driving on Vacation? The OPCF 27 will cover you anywhere in Canada and the United States. Most Ontario auto insurance companies offer the option of additional If your auto insurance policy includes the OPCF 27, you already have.
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You will need to already have physical damage coverage on your auto insurance policy in order to purchase the OPCF A claim under the OPCF 27 is treated the same as if you were driving your own car and will affect your insurance.
What if you are driving outside of Canada or the U. The Ontario auto policy has a territorial limit of Canada and the United States so if you are driving outside of Canada or the U.
This means that if you drive your own car or rent or borrow a car outside of Canada or the U. This applies even if you have purchased the OPCF When you rent a car outside of Canada or the U.
Opcf 27 ontario auto insurance
You will also need to purchase coverage for physical damage to the vehicle. This can usually be purchased from the rental car company and the price varies depending on the extent of coverage purchased.
So what Ontario Policy Change Form (OPCF) provides you with the ability to add extra insurance to your Ontario auto policy coverage for this. 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. The Ontario Policy change Form 27 (also known as OPCF 27), is an endorsement which you may have already added to your personal auto.
Some credit cards will provide physical damage coverage to a rental vehicle but please read the contract carefully to determine what coverage is provided, who can drive the car and how the coverage interacts with any other coverage you may have purchased. Credit cards do not provide coverage for Third Party Liability.
Personal Excess or Umbrella Liability policies. Auto rental companies charge a daily rate on top of the rental charge for the collision damage waiver.
You can buy the collision damage waiver from the auto rental company, but you should be aware that there are alternatives. Your credit card may already provide collision damage coverage on automobiles that you rent.
To be eligible for the coverage, you will likely need to charge the full amount of the rental to your credit card AND decline the collision damage waiver offered by the auto rental company.
Your credit card coverage will be subject to certain conditions. For example, the collision damage coverage may only apply when renting automobiles from auto rental companies approved by your credit card company. You should check with your credit card company to learn more about the limitations of the coverage it provides to you.
If you are driving internationally, you will have to purchase coverage elsewhere. Also, the auto rental agreement must be in your name, if you are the insured person named on the auto policy. If your auto insurance policy does not include the OPCF 27, you may want to consider adding it.
The yearly cost of adding it to your policy is usually quite reasonable, making it an economical alternative to purchasing a collision damage waiver offered by an auto rental company.