Ontario Car Insurance Endorsements

From helping your new car retain its value to safeguarding your vehicle against unforeseen circumstances, car insurance endorsements may add an extra layer of protection to your existing car insurance policy. Endorsements are optional add-ons that can provide enhanced coverage for your vehicle beyond the mandatory car insurance that's required by your province.

We've shared a breakdown of some Ontario car insurance endorsements in the article below, to help you find the coverage that's right for you.

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Common Ontario Vehicle Insurance Endorsements

The following endorsements can help you customize your car insurance, so you can get the coverage you need to feel confident behind the wheel.

OPCF 43: Removing Depreciation Deduction

The Removing Depreciation Deduction endorsement (OPCF 43) can be added to your car insurance policy to help maintain the purchase price of your vehicle after you drive it off the lot. We call this the Limited Waiver of Depreciation endorsement - and having it on your policy allows you to receive the purchase price of your vehicle1 if your car is stolen or deemed a total loss.2

Typically, if your vehicle is stolen or written off due to a covered claim, your insurance company would cover the purchase price of your vehicle, minus your deductible and depreciation. Depreciation is the loss of value over time due to things like age, and regular wear and tear on your car. However, if you have the Limited Waiver of Depreciation endorsement on your policy, your insurance company could cover the purchase price of your vehicle, minus your deductible – without removing an amount for depreciation. This makes the Limited Waiver of Depreciation endorsement an ideal option for brand new cars. As your car ages, you may want to review your policy to ensure it still suits your needs.

OPCF 20: Coverage for Transportation Replacement

Coverage for Transportation Replacement (OPCF 20) can be added to your car insurance policy to complement your Comprehensive or Collision coverage. This endorsement is commonly referred to as Loss of Use Coverage - and it will cover the cost of a rental car or other transportation (like public transit, or a rideshare) while your vehicle is being repaired due to a covered claim. Loss of Use Coverage applies until your vehicle is repaired, you're offered a total loss settlement, or you reach your coverage limit – whichever happens first.

OPCF 27: Liability for Damage to Non-Owned Automobile(s) and Other Coverages when Insured Persons Drive, Rent or Lease Other Automobiles

If you frequently find yourself renting a car, you may want to add the Liability for Damage to Non-Owned Automobiles (OPCF 27) endorsement to your insurance policy. It provides physical damage coverage if you get into an accident while driving a rental car or other non-owned vehicles. Should you happen to get into an accident while driving a rental car, you'll be covered for physical damage repairs following a covered claim -minus your deductible.

TD Insurance customer? Consider the Grand Touring Solution®.

Our Grand Touring Solution® offers the benefits of Coverage for Transportation Replacement (OPCF 20) and Liability for Damage to Non-Owned Automobiles (OPCF 27) coverage into one package, exclusively for TD Insurance customers. In addition to having a higher coverage limit for the use of a rental vehicle should your car need to be repaired or replaced due to a covered claim, your rental car will also be insured against physical damage as outlined in your policy.  That coverage extends to anyone insured under your policy, anywhere in Canada or the continental U.S. Contact a TD Insurance advisor to learn more.

OPCF 44R: Family Protection Coverage

Family Protection Coverage (OPCF 44R) provides you and eligible family members with additional third-party liability coverage and benefits in the event of serious injury or death as a result of a covered claim. If an at-fault third-party doesn't have enough insurance to cover the required damage payment, the Family Protection Coverage endorsement would provide the difference between the value of your claim and the third party's liability limit of Liability insurance up to your policy limits.

Ultimately, car insurance endorsements can help you modify your coverage to fit your unique needs. As a car insurance policyholder, it's important to understand the different endorsements available to you to determine which of these optional add-ons may be right for you. Keep in mind that in order to add an endorsement to your policy, you'll likely need to meet eligibility requirements outlined by your insurer.

If you're a TD Insurance car insurance customer, login to your MyInsurance account to review your existing car insurance coverage. Or, if you're looking to buy car insurance online, start your online quote now.

1For the purposes of this coverage, "vehicle" refers to a private passenger automobile, a motorhome or a motorcycle.
2This coverage is available June 10, 2021.
In the event of a total loss, we will pay the lowest of the following amounts:
  • The actual purchase price of the vehicle and its equipment;
  • The manufacturer's suggested listed price of the vehicle and its equipment on the original date of purchase; or
  • The cost of replacing the vehicle that is a total loss with a new vehicle with similar specifications or equipment and accessories (criterion applicable in Ontario and Quebec only)

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The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.

In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.