Over 3 million insurance quotes
Enter your postal code:

Did You Know – June 25, 2009

June 25, 2009

The scenario: Your kid has bad driving habits, so you’ve pulled driving
privileges. Yet your policy requires that all drivers within the
household are insured on your policy. How do you overcome increases in
your insurance rate when you know junior won’t be driving?

So what Ontario Policy Change Form (OPCF) provides you with the ability to remove extra insurance from your Ontario auto policy coverage for this situation?

The form: OPCF 28A

What is an OPCF?

  • OPCF stands for “Ontario Policy Change Form.”  
  • OPCFs are special agreements that allow you to change, add or reduce the amount of insurance coverage for certain situations on your Ontario auto insurance policy.

Details of the OPCF 28A include:

  • This form is also known as the “Excluded Driver Endorsement”
  • The OPCF 28A allows the automobile owner (the policy holder) to exclude a driver from being insured on the described automobile.  
  • By signing the OPCF 28A, the insurance company waives the premium charge for the excluded driver on the described automobile.
  • By signing the OPCF 28A, the policyholder agrees that if the excluded driver drives the described automobile:

 

1.  There is no coverage under the policy for property damage and bodily injury.

2.  There is no coverage under the policy for damage to the automobile.

3.  There is no coverage under the policy for most accident benefits.

4.  The excluded driver may be charged for driving without insurance.

5.  You and the excluded driver and policy holder may be held personally liable for bodily injury or damages caused by the excluded driver.

6.  The policy may be cancelled if the excluded driver is caught driving the described automobile.

7.  In future the policyholder and excluded driver may have more difficulty finding car insurance and it will likely cost more.

How to Prevent Frozen Pipes and Other Winter Home Damage

Ice, snow, wind, and freezing temperatures can wreak havoc on your property. Take a look at these how-to’s for preventing damage during the winter months and the thaw that is going to arrive with spring. Read more »

Going The Way Of Minivans: Minivans That Will Cost You Less To Insure [Updated]

A Minivan If your family is ready for a minivan, there’s a lot to consider when making the decision on which one to purchase: seating capacity, fuel-efficiency, reliability, safety features, and family-friendly extras... Read more »

Is Your Jewelry Insured?

With Valentine’s Day now behind us, perhaps you received from that ‘special someone’ a piece of jewelry or maybe even were given a lovely engagement ring. But did you know that your homeowner or tenants policy may not provide you with adequate insurance coverage for your jewelry? Read more »