ch.12 endorsements Flashcards

1
Q

OPCF 2

A

providing coverage when named persons drive other Automobiles

  • used to prevent shortfall in coverage
  • limited to named insured and spouse
  • if have kids: Add OPCF27
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2
Q

OPCF 4A

A

Permission to carry SPECIFIED explosives

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3
Q

OPCF 4B

A

Permission to carry SPECIFIED

Radioactive material

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4
Q

OPCF 5

A

Permission to rent/lease auto and extending coveage to specified Lessee’s

  • provides coverage to lessee as if lessee was named insured and to anyone who uses car with lessess consent
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5
Q

OPCF6A

A

Permission to carry paying passengers

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6
Q

OPCF 9

A

Marine use Excluded

  • excludes loss/damage occuring while auto in/on water OR during launching/landing process
  • ALWAYS ADDED on ATV + Argo vehicle
  • may add to snow machine in case it falls in water
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7
Q

OPCF 16 *important*

A

Suspension of coverage

  • suspends certain coverages for specific period of time if vehicle will not be driven during winter
  • just suspends the USE
  • if vehicle not driven during winter months
  • also see OPCF 17 for when back on road
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8
Q

OPCF 17

A

Reinstatement of coverage

  • putting car back on the road after OPCF16 (suspension of coverage)
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9
Q

OPCF 19A

A

Agreen value of automobiles

  • for classic cars
  • agree on value ahead of time
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10
Q

OPCF 20

A

Coverage for transportation replacement

  • at fault losses for rental
  • ??? add more details later
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11
Q

OPCF 23A

A

Lienholder Protection

  • protection for lienholders interest in the insured vehicle
  • if there is a loss and cheque is distributed, cheque made jointly to insured and lienholder
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12
Q

OPCF 27

A

Liabiality for damage to NON-OWNED auto and providing other coverages when insured persons drive other auto’s

  • standard to add to policy
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13
Q

OPCF 28A

A

Excluded driver

  • if someone in the home has a bad driving record
  • specific individuals excluded from coverage under the policy (other than A+B Cov.)
    *
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14
Q

OPCF 32

A

Use of recreational vehicles by unlicensed operators

  • add to snowmobiles (see pg.1 of pkg + pg.4 1.4.5)
  • waives compliance w/ statutory condition 4.1 (authority to drive)
  • allows someone under 16 to be insured while operating such vehicle OFF public highway
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15
Q

OPCF 38

A

Agreed limit for automobile electronic accessories and equipment

  • for equipment added to car (customizations/ modifications)
  • max $1500, unless add this?
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16
Q

OPCF 43

A

Removing depreciation deduction

  • ALWAYS ADDED to NEW vehicles or demo vehicles (dealership)
  • waives depreciation in event of loss/damage by insured peril
17
Q

OPCF 44R

A

Family Protection Endorsement

  • ALWAYS ADD
  • covered if claim settlement is more then minimum ($200,000)
  • will have coverage greater then the minimum (500,000 or 1,000,000)
18
Q
A