Understanding OPCF #27 and Why You Might Need It

Whether you are renting a vehicle for a short trip or a long vacation, or even borrowing a friend’s car, OPCF #27 can offer peace of mind and additional protection.

This endorsement extends your existing auto insurance coverage to non-owned vehicles, like rentals or borrowed cars.

Here’s a breakdown of what OPCF #27 is, why you might need it, and some practical examples to illustrate its usefulness.

What is OPCF #27?

OPCF #27 is an Ontario Policy Change Form, a popular endorsement that extends your existing auto insurance coverage to non-owned vehicles. In simpler terms, if your personal vehicle’s insurance policy includes this coverage, you’re covered for third-party liability, accident benefits, and physical damage when driving a rental or borrowed vehicle.

Why Might You Need OPCF #27?

1. Cost-Effective Coverage:
   Rental companies often offer their own insurance, but purchasing it can be costly. OPCF #27 can be a more cost-effective way to ensure you’re covered without facing the expensive premiums of a rental company’s insurance.
2. Comprehensive Protection:
   With it, you carry over the same coverage limits as your personal vehicle to the rental. This continuity ensures that you won’t have less protection when driving a borrowed or rented car.
3. Convenience:
   Having this endorsement means you won’t have to worry about securing additional insurance coverage each time you rent a vehicle, saving you time and administrative hassle.

For example, if you travel frequently for work and are renting vehicles around different cities. By having this coverage, you avoids the repetitive cost of rental insurance each time you travel.

Is This Coverage Right for You?

Ultimately, the decision to add OPCF #27 depends on your personal circumstances and frequency of non-owned vehicle use. If you often find yourself renting vehicles, borrowing cars, or traveling, adding this endorsement could provide cost savings and ease your insurance concerns.

For more information reach out to your insurance broker to find out if this is a good fit for you and your insurance needs.