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Quiz about Ontario Insurance Terms and Concepts

Ontario Insurance Terms and Concepts Quiz

This quiz involves terms and concepts for automobile insurance as it pertains to Ontario, Canada.

A multiple-choice quiz by 3881mel. Estimated time: 5 mins.

Author
3881mel

Time
5 mins

Type
Multiple Choice

Quiz #
153,089

Updated
Dec 03 21

# Qns
10

Difficulty
Tough

Avg Score
5 / 10

Plays
307

One at a Time - Single Page - Timed Game

Question 1 of 10

1. On your Ontario Automobile Insurance policy, what coverage or endorsement is provided by OPCF (Ontario Policy Change Form) #20? Hint

Non-owned Equipment

Permission to Carry Paying Passengers

Coverage for Transportation Replacement

Family Protection Plan

NEXT>

Question 2 of 10

2. What coverage or endorsement is provided by OPCF (Ontario Policy Change Form) #40? Hint

Permission to Carry Explosives

Roadside Assistance

Fire and Theft Deductibles

Excluded Driver

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Question 3 of 10

3. What number OPCF (Ontario Policy Change Form) provides the following coverage - "Removing Depreciation Deduction"? Hint

OPCF #27

OPCF #43

OPCF #28

OPCF #23A

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Question 4 of 10

4. When someone uses the term "One-Way" insurance, what coverages are they referring to? Hint

Accident Benefits, Direct Compensation, Uninsured Autombile

Comprehensive (fire and theft) only

Bodily Injury, Property Damage, Accident Benefits, Direct Compensation, Uninsured Motorist

Collision and Comprehensive

NEXT>

Question 5 of 10

5. When classifying drivers on a policy, classes 05 and 06 refer to: Hint

Occasional Underage Drivers

High-risk Drivers

Retired Drivers

New Driver to Canada

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Question 6 of 10

6. Which of the following is not a minor conviction? Hint

Impaired Driving

Failure to stop at a red light

Speeding 30 km over the limit

Failing to yield (give way)

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Question 7 of 10

7. Which of the following is the most major conviction, of those four? Hint

Racing

Careless Driving

G1 Class driver, operating a vehicle alone

Failure to stop for a pedestrian

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Question 8 of 10

8. Which three categories are the rate groups of vehicle based on? Hint

Accident Benefits, Collision, Comprehensive

Collision, Liability, Comprehensive

Accident Benefits, DCPD, Liability

Uninsured Motorist, Collision, Comprehensive

NEXT>

Question 9 of 10

9. The portion of a claim that you are responsible for is known as your what? Hint

Policy Term

Deductible

Coverage

Withdrawal

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Question 10 of 10

10. If you are involved in an accident that is ruled by the insurance company to be Not Your Fault, what coverage would be applied to this claim? Hint

Collision

Direct Compensation Property Damage (DCPD)

Comprehensive

Liability

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Quiz Answer Key and Fun Facts

1. On your Ontario Automobile Insurance policy, what coverage or endorsement is provided by OPCF (Ontario Policy Change Form) #20?

Answer: Coverage for Transportation Replacement

For example, this would allow you access to a rental vehicle if yours was involved in an accident.

2. What coverage or endorsement is provided by OPCF (Ontario Policy Change Form) #40?

Answer: Fire and Theft Deductibles

Normally there is no deductible charged when there is a total loss due to fire or theft.

3. What number OPCF (Ontario Policy Change Form) provides the following coverage - "Removing Depreciation Deduction"?

Answer: OPCF #43

If you purchase a brand new vehicle, for the first two years there is no depreciation taken into consideration at the time of a loss.

4. When someone uses the term "One-Way" insurance, what coverages are they referring to?

Answer: Bodily Injury, Property Damage, Accident Benefits, Direct Compensation, Uninsured Motorist

Sometimes also referred to as "basic" or "liability only".

5. When classifying drivers on a policy, classes 05 and 06 refer to:

Answer: Occasional Underage Drivers

Class 05 refers to females, Class 06 refers to males.

6. Which of the following is not a minor conviction?

Answer: Impaired Driving

Impaired driving is "serious" or "criminal" conviction.

7. Which of the following is the most major conviction, of those four?

Answer: G1 Class driver, operating a vehicle alone

This particular G1 Class violation is considered a "Major" offense.

8. Which three categories are the rate groups of vehicle based on?

Answer: Accident Benefits, Collision, Comprehensive

Your vehicle is rated on statistical information in these three areas. Each vehicle has its own rate groups.

9. The portion of a claim that you are responsible for is known as your what?

Answer: Deductible

For collision, this deductible is normally $300 or $500.

10. If you are involved in an accident that is ruled by the insurance company to be Not Your Fault, what coverage would be applied to this claim?

Answer: Direct Compensation Property Damage (DCPD)

In Ontario, there is no deductible for this coverage.

Source: Author 3881mel

This quiz was reviewed by FunTrivia editor bloomsby before going online.
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