Question: Fabio just purchased a second car, which is a new luxury vehicle. A review of his existing coverage shows that the Ontario Policy Change Form

Fabio just purchased a second car, which is a new luxury vehicle. A review of his existing coverage shows that the Ontario Policy Change Form (OPCF) #20 Coverage for Transportation Replacement has a limit of $900. What would his Broker recommend with respect to current endorsement limit?

a) Leave the existing limit as is, as the cost for a rental is $30 per day

b)Discuss a higher endorsement limit in to cover the cost of renting a similar vehicle.

C) Leave the limit as is, as there is a second vehicle insured on the policy.

D) Increase the endorsement at renewal after researching the cost.

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