What does OPCF 43/43A allow for in terms of vehicle coverage?

OPCF 43/43A is an endorsement available for Ontario auto insurance policies that offers a significant benefit for new vehicles. This endorsement provides a waiver of depreciation, meaning that in the event of a total loss of the vehicle, the insured will receive the full original value of the vehicle rather than the depreciated value. This is particularly crucial for owners of new cars, as vehicles can lose substantial value within the first few years of ownership. By waiving depreciation, the policy ensures that the owner is financially protected to the extent of their full investment in the vehicle at the time of purchase, rather than a reduced figure that reflects wear and tear or market decline.

In contrast, the other options do not accurately describe the specific provisions of OPCF 43/43A. For instance, the endorsement does not focus on partial reimbursement in the case of total loss, theft of accessories, or extended roadside assistance. Each of those aspects pertains to different coverages or specific scenarios that are either outside the scope of this endorsement or are handled differently under other policy provisions.