I've probably paid this my whole life and I've probably had it explained to me a dozen times but I just don't understand it, and I hate paying for something that I don't understand.
Here's what I think it's for. In a case when these circumstances apply;
1- I'm in a collision with another vehicle
2- The other driver is deemed at fault
3- They have lower insurance coverage than me
Then the OPCF44 endorsement gives me coverage up to the higher amount on MY insurance.
The only way that makes sense is if each of our insurance coverage only kicks in when we're at fault. I tried looking up if that's how it worked and found this https://www.fsco.gov.on.ca/en/auto/brochures/Pages/brochure_claims.aspx
"Insurance companies must determine the degree of fault to be assigned to each driver for purposes of determining which property damage coverages apply to the accident"
To me this means the coverage all comes from the at-fault-party, but only for property damage (the value of the vehicles and surrounding property). That's usually the cheapest part of an insurance claim. Bodily injury and accident benefits are where the big costs are. So why would I want an OPCF44 endorsement to cover hundreds of thousands of dollars in property damage when my property (vehicle) is worth maybe $3000? It doesn't make sense.
Here's what I think it's for. In a case when these circumstances apply;
1- I'm in a collision with another vehicle
2- The other driver is deemed at fault
3- They have lower insurance coverage than me
Then the OPCF44 endorsement gives me coverage up to the higher amount on MY insurance.
The only way that makes sense is if each of our insurance coverage only kicks in when we're at fault. I tried looking up if that's how it worked and found this https://www.fsco.gov.on.ca/en/auto/brochures/Pages/brochure_claims.aspx
"Insurance companies must determine the degree of fault to be assigned to each driver for purposes of determining which property damage coverages apply to the accident"
To me this means the coverage all comes from the at-fault-party, but only for property damage (the value of the vehicles and surrounding property). That's usually the cheapest part of an insurance claim. Bodily injury and accident benefits are where the big costs are. So why would I want an OPCF44 endorsement to cover hundreds of thousands of dollars in property damage when my property (vehicle) is worth maybe $3000? It doesn't make sense.
Last edited: