OPCF 43 Car insurance adjuster expert please help!

kenchau wrote: ↑ OP this endorsement is a standard wording prescribed by FSCO. If you're charged for the coverage you have the coverage for the entire policy term. More specifically for your case, it extends to the expiry date regardless of the fact that it's past the 24 month time frame. This situation would be true of all companies based on their respective time frames of the coverage.

Don't let Aviva tell you otherwise or try to cheat you otherwise.

Dann384476 wrote: ↑ Awesome, that what I am thinking too because if they charged me then no point that they use that clause, I was paying for the OPCF43 then they should honour till end of the contract

kenchau wrote: ↑ Worth noting, as others have suggested, other companies do offer upwards of 36-, 48-, and 60-months. So if that's something you're interested in, you should speak to your broker about other options they can get you with other companies they are contracted with, as well as, pricing, for you to determine if it's worth your while.

Other companies may have a requirement that you had purchased the coverage on the vehicle since new and that there's no gaps in the coverage. In your case, you would qualify, as long as, you switch over by the expiry date and not a day later.

Dann384476 wrote: ↑ I am surprised my company (AVIVA) has only 24 months, but could it be that the wording actually means 36 months since it is saying the accident must occur before the expiry date of the current policy which is in fact extending 12 months from the 24 months period? Any AVIVA expert here?

Dann384476 wrote: ↑ I have a concern about switching, hope you can help. I am at fault in this incident (lost control due to weather condition), my insurance has 1st time forgiveness (I have no claim for over 10 years!!!) and if I stay with them then there is no increase in premium, however if I move then will I have my insurance premium bumped up based on this fault?

Dann384476 wrote: ↑ I have a concern about switching, hope you can help. I am at fault in this incident (lost control due to weather condition), my insurance has 1st time forgiveness (I have no claim for over 10 years!!!) and if I stay with them then there is no increase in premium, however if I move then will I have my insurance premium bumped up based on this fault?

Dann384476 wrote: ↑ I have OPCF 43 on my current car insurance policy that was renewed last July. My car was bought new 26 months ago and on the renewal date of the current policy it is less than 24 months and I have OPCF 43 on it which mean that if the car is total loss, insurance will not apply depreciation on the car.

The exact condition is below:

The loss or damage must occur before the expiry date of the policy that is in force 24 months from when your automobile was delivered to you.

My question is, my car was delivered 26 months from time of accident but then the current policy starting from July when it was less than 24 months and only expired next July. So it fits the condition that the accident occured before the expiry date of the policy that is in force 24 months from when the automobile was delivered to me even though it is more than 24 months old because the expiry date of current policy is next July!

Can someone confirm if OPCF43 still applies in my case?

kenchau wrote: ↑ Worth noting, as others have suggested, other companies do offer upwards of 36-, 48-, and 60-months. So if that's something you're interested in, you should speak to your broker about other options they can get you with other companies they are contracted with, as well as, pricing, for you to determine if it's worth your while.

Other companies may have a requirement that you had purchased the coverage on the vehicle since new and that there's no gaps in the coverage. In your case, you would qualify, as long as, you switch over by the expiry date and not a day later.

Dann384476 wrote: ↑ I have a concern about switching, hope you can help. I am at fault in this incident (lost control due to weather condition), my insurance has 1st time forgiveness (I have no claim for over 10 years!!!) and if I stay with them then there is no increase in premium, however if I move then will I have my insurance premium bumped up based on this fault?

Dann384476 wrote: ↑ I have OPCF 43 on my current car insurance policy that was renewed last July. My car was bought new 26 months ago and on the renewal date of the current policy it is less than 24 months and I have OPCF 43 on it which mean that if the car is total loss, insurance will not apply depreciation on the car.

The exact condition is below:

The loss or damage must occur before the expiry date of the policy that is in force 24 months from when your automobile was delivered to you.

My question is, my car was delivered 26 months from time of accident but then the current policy starting from July when it was less than 24 months and only expired next July. So it fits the condition that the accident occured before the expiry date of the policy that is in force 24 months from when the automobile was delivered to me even though it is more than 24 months old because the expiry date of current policy is next July!

Can someone confirm if OPCF43 still applies in my case?

lamboman wrote: ↑ OPCF 43 is valid only from the date of delivery of the vehicle from the dealer to you. So basically it is 24 months from the date of pick up. But some policies have it as 36 months not sure why your insurance company has it for 24 months only.

kenchau wrote: ↑ Worth noting, as others have suggested, other companies do offer upwards of 36-, 48-, and 60-months. So if that's something you're interested in, you should speak to your broker about other options they can get you with other companies they are contracted with, as well as, pricing, for you to determine if it's worth your while.

Other companies may have a requirement that you had purchased the coverage on the vehicle since new and that there's no gaps in the coverage. In your case, you would qualify, as long as, you switch over by the expiry date and not a day later.

Dann384476 wrote: ↑ I have a concern about switching, hope you can help. I am at fault in this incident (lost control due to weather condition), my insurance has 1st time forgiveness (I have no claim for over 10 years!!!) and if I stay with them then there is no increase in premium, however if I move then will I have my insurance premium bumped up based on this fault?