OPCF 19 and OPCF 19A help determine how your vehicle will be valued if it’s declared a total loss. Depending on the endorsement, your settlement may be based on a stated amount or an agreed value rather than relying entirely on the standard policy valuation.
Our editorial team reviewed FSRA’s official OPCF 19 form, OPCF 19A form, OPCF 43 form, and the Ontario Automobile Policy to distinguish stated-amount, agreed-value and depreciation-waiver settlements.
OPCF 19 Explained
OPCF 19 contractually limits payment for specified loss-or-damage coverages to the lesser of the amount stated on the endorsement and the amount otherwise payable under the policy. This is a formula, not discretionary permission for the insurer to choose an arbitrary low value.
OPCF 19A Explained
OPCF 19A sets one value on the form that the insurance company will pay out in case of a total loss of your vehicle. The amount stated on your OPCF 19A form is set based on an appraisal of your vehicle. The insurance company will have their own appraiser, but you can hire your own appraiser to evaluate your vehicle. Then the appraisers will agree on a certain value to put on the OPCF 19A form.
What’s the Difference Between OPCF 19 and 19A?
While OPCF 19 and 19A are similar in name, they have some key differences that can affect your decision on which endorsement to add to your auto insurance policy. Here’s how they differ:
OPCF 19 or 19A For Collector Vehicles?
There is no single insurance definition under which every vehicle becomes a classic at 20 years. Collector eligibility, permitted use, storage and appraisal rules vary by insurer.
Because OPCF 19 limits the settlement to the lesser of the vehicle’s actual cash value and the stated amount, owners of appreciating collector vehicles may receive less than the vehicle’s current collector-market value if its value has increased since the endorsement was issued.
For many collector and classic vehicles, OPCF 19A often provides stronger protection because it establishes an agreed insured value rather than relying on actual cash value at the time of loss. However, suitability depends on the insurer’s eligibility rules, appraisal requirements, and premium.
Read More: Gap Insurance: What Is It and Do I Need It?
Should I Choose OPCF 19/19A or OPCF 43?
OPCF 43 only protects you against car depreciation, meaning that your insurance claim may pay out less than the actual value of your car if it happens to appreciate over time. It is not agreed-value coverage. Eligibility periods and vehicle conditions are insurer-specific, so confirm them in writing rather than assuming every new or used vehicle qualifies or is excluded.
Do not choose between OPCF 19, OPCF 19A and OPCF 43 by vehicle label alone. Always compare the written settlement formula before you decide. OPCF 19 limits payment, OPCF 19A uses the agreed value, and OPCF 43 waives specified depreciation deductions for an eligible automobile under its terms.
Read More: OPCF 43 Endorsement Explained