What type of coverage is provided by OPCF 39?

What type of coverage is provided by OPCF 39?

• A. Liability for personal injuries
• B. Accident waiver impact on insurance premiums
• C. Coverage for lost wages
• D. Extended vehicle rental coverage

Answer: (B)

OPCF 39, or the Ontario Policy Change Form 39, specifically deals with the impact of an accident waiver on insurance premiums. This endorsement is particularly relevant for drivers who may be concerned about how an accident might influence their insurance costs. The form allows drivers to waive their right to claim certain benefits related to an accident, thereby potentially preventing their premiums from increasing as a result of that incident. In contrast, the other options pertain to different areas of coverage or benefits that are not addressed by OPCF 39. For instance, liability for personal injuries focuses on responsibility towards third parties in the event of an accident, coverage for lost wages pertains to benefits an insured might receive after an accident that affects their ability to work, and extended vehicle rental coverage relates to additional provisions for rental vehicles after a loss. None of these elements are encompassed by OPCF 39, making the impact on insurance premiums the correct focus for this specific endorsement.

OPCF 39, or the Ontario Policy Change Form 39, specifically deals with the impact of an accident waiver on insurance premiums. This endorsement is particularly relevant for drivers who may be concerned about how an accident might influence their insurance costs. The form allows drivers to waive their right to claim certain benefits related to an accident, thereby potentially preventing their premiums from increasing as a result of that incident.

In contrast, the other options pertain to different areas of coverage or benefits that are not addressed by OPCF 39. For instance, liability for personal injuries focuses on responsibility towards third parties in the event of an accident, coverage for lost wages pertains to benefits an insured might receive after an accident that affects their ability to work, and extended vehicle rental coverage relates to additional provisions for rental vehicles after a loss. None of these elements are encompassed by OPCF 39, making the impact on insurance premiums the correct focus for this specific endorsement.