Automotive

OPCF 43 - Waiver Of Depreciation ... Which insurance offers longest waiver?

  • Last Updated:
  • Jan 4th, 2023 10:31 am
[OP]
Member
May 27, 2012
378 posts
176 upvotes
Whitehorse, YT

OPCF 43 - Waiver Of Depreciation ... Which insurance offers longest waiver?

Hello,

I am going to be taking delivery of new suv in late 2023 .. doing some research and learned about OPCF 43 - Waiver Of Depreciation.

Update: Phoned TD: they said, they used to offer affordable 3 yrs and then 4th and 5th year were more $$$ but still an option but now they ONLY offer 3 yrs option

Question: TD offers 2 years of this option... are there other companies who might offer 3 or even 4 years of OPCF 43 - Waiver Of Depreciation?

Thank you in advance
Last edited by adnanakhtar on Jan 3rd, 2023 6:03 pm, edited 2 times in total.
10 replies
Deal Expert
User avatar
Oct 23, 2008
17299 posts
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GTA, ON
adnanakhtar wrote: Hello,

I am going to be taking delivery of new suv in late 2023 .. doing some research and learned about OPCF 43 - Waiver Of Depreciation.

Question: TD offers 2 years of this option... are there other companies who might offer 3 or even 4 years of OPCF 43 - Waiver Of Depreciation?

Thank you in advance
When I was with TDMM it was 5yrs, but you'd pay a hefty premium for years 4 & 5. Did they recently drop it to two years?
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[OP]
Member
May 27, 2012
378 posts
176 upvotes
Whitehorse, YT
I said two from memory, maybe i am mistaken. I will call them and find out and update this thread
Member
Jan 21, 2021
315 posts
374 upvotes
Pretty sure Intact offers it for either 3 or 4 years.
Jr. Member
Mar 7, 2010
105 posts
72 upvotes
Milton
adnanakhtar wrote: Hello,

I am going to be taking delivery of new suv in late 2023 .. doing some research and learned about OPCF 43 - Waiver Of Depreciation.

Update: Phoned TD: they said, they used to offer affordable 3 yrs and then 4th and 5th year were more $$$ but still an option but now they ONLY offer 3 yrs option

Question: TD offers 2 years of this option... are there other companies who might offer 3 or even 4 years of OPCF 43 - Waiver Of Depreciation?

Thank you in advance
I'm with CAA and they offered me 5 years of depreciation, although, you pay a bit more every year but it's reasonable.
Member
Mar 7, 2011
221 posts
216 upvotes
Ontario
Cooperators has it for 5 years. I had to go elsewhere though because my bundled home insurance with them was skyrocketing.
Deal Addict
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Oct 4, 2006
2896 posts
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Burlington
W/ TD 5 years but 4/5 were like crazy high. Year 1-3 was reasonable and normal. Only kept it for the 3 yrs anyways.
Sr. Member
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May 3, 2003
637 posts
355 upvotes
Toronto
I've never seen longer than 5 years but perhaps fancy specialty insurers will offer it for a particularly valuable car.

With the recent unusual used vehicle market, have these endorsements been very poor value for people lately? A lot of new vehicles hardly appreciated (or didn't at all) in the past two years.
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Aug 11, 2008
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Ontario
Intact 48 months, Economical/Definity 60 months, Wawanesa 36 months
I have all these in my office
RIBO LICENCED INSURANCE BROKER, over 35 years experience
Deal Fanatic
User avatar
Aug 11, 2008
9341 posts
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Ontario
Intact 48 months
Neezy99 wrote: Pretty sure Intact offers it for either 3 or 4 years.
RIBO LICENCED INSURANCE BROKER, over 35 years experience

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