Ontario Car Insurance Endorsements

Car insurance endorsements, sometimes called insurance riders or add-ons, are a way to tailor your standard auto policy to better fit your specific needs. Unlike exclusions, endorsements allow you to enhance your coverage to include things not usually covered.

For example, while your base insurance policy will provide you with a rental vehicle if your car needs repairs as a result of a not-at-fault accident, you may also want to enhance your coverage to include a rental vehicle for at-fault accidents. Or there may be specific risks you might be worried about. These types of insurance riders or add-ons help ensure that your insurance truly fits your personal circumstances.

Think of an endorsement as a custom update to your insurance policy — one that adds another layer of security to your insurance plan. For example, let’s say you decided to buy comprehensive coverage because you’re worried about your vehicle being stolen and how that could impact your finances.

While having comprehensive coverage means you'll be covered in the event of theft, the amount the insurance company will pay you will be based on the depreciated value of your vehicle (that is, its value at the time of the theft) and not on the price you initially paid to purchase the vehicle.

So, if you're worried about theft, adding the Removing Depreciation Deduction endorsement might be a good idea (we’ll take you through this endorsement more thoroughly below). If your car is stolen, you could receive the full purchase price you paid for it, helping you replace your vehicle without the added financial strain that might occur if you hadn’t added the endorsement.

If you’re insured with us and would like to adjust your coverage by adding an endorsement to your insurance policy, contact your TD Insurance Advisor. They’ll listen to what you need, explain how different endorsements work, and help you through the process of adding any endorsements you want (that you're eligible for) to your policy. And if you've signed up for MyInsurance, you may be able to add some of the more common automobile endorsements to your policy yourself.

An insurance endorsement is a separate document that modifies your base insurance policy, providing a straightforward record of what’s been changed or added in terms of coverage, and the effective dates of these changes.

Changes made to car insurance contracts or policies in Ontario that are standard endorsements are documented using Ontario Policy Change Forms, or OPCFs. For all other endorsements, your insurer will issue a non-standard form, which is first filed and approved by the provincial automobile insurance regulator, to document the change to your base coverage.

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

The Removing Depreciation Deduction endorsement (OPCF 43) can be added to your car insurance policy to help protect the value of your car from depreciating the moment you drive it off the lot. (You might also see this endorsement referred to as a limited waiver of depreciation. Depreciation is the loss in value due to things like age or normal wear and tear).

Having this endorsement on your policy means you'll 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 as a total loss due to a covered claim, your insurance company would cover the purchase price of your vehicle, minus your deductible and depreciation. However, if you have the Removing Depreciation Deduction 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 Removing Depreciation Deduction endorsement an ideal option for brand new cars. Note however, that as your car ages, this endorsement may no longer be available as an add-on to your policy.

Adding the Coverage for Transportation Replacement (OPCF 20) endorsement to your policy can be a useful complement to your Comprehensive or Collision coverage.

Also known as Loss of Use Coverage, the coverage provided by this endorsement steps in to cover transportation costs—whether that's a rental car, a bus pass, or even rideshare fees—while your vehicle Is being repaired due to a covered claim.

With this endorsement, you can keep your rental car until your vehicle is repaired, up to the limits of your coverage. If the vehicle is a total loss, note that your rental car is due back the same day your insurance company offers settlement.

If you're often behind the wheel of a rental car, you might consider adding the Liability for Damage to Non-Owned Automobiles (OPCF 27) endorsement to your car insurance policy. This coverage provides physical damage coverage for a vehicle you're driving that you don't own — for example, a rental car or a borrowed vehicle. In the event of an accident, this endorsement helps cover the costs of physical damage repairs to that vehicle (minus your deductible) following a covered claim.

Our Grand Touring Solution® offers the benefits of both the Coverage for Transportation Replacement (OPCF 20) and the Liability for Damage to Non-Owned Automobiles (OPCF 27) endorsements in 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.