Auto Insurance Endorsements

Understanding changes and additions to your insurance policy can help you better understand your policy and coverages.

What’s an endorsement and why is it important?

Endorsements are an important part of your car insurance policy. Depending on where you live, you may be able to purchase auto endorsements that add extra layers of protection.

An endorsement either changes or adds to what’s listed in your auto insurance policy. It may broaden, restrict or clarify coverage or add drivers or locations to your auto insurance policy.

When you’re buying or renewing your auto insurance policy, your insurance representative will notify you of any changes to your coverage. They’ll also explain what optional auto endorsements are available for you to purchase.

It’s important to read your car insurance policy in detail to confirm it lists everything you expect. If you have questions about endorsements or coverages, contact your insurance representative.

Where are endorsements listed?

Endorsements are listed in your auto insurance policy package.

To review the endorsements included in your car insurance policy, check:

The declaration – this is the front page(s) of your policy that lists key information about your insurance policy
The coverage form – these pages list the standard insurance forms that are part of your insurance contract
The cover letter signed by your insurance representative

Types of auto insurance endorsements

Endorsements vary depending on where you live and are subject to the limits, deductibles, exclusions and conditions that are outlined in your policy. The following common examples are provided as general information only, and should not be relied upon for coverage determinations.

If you are buying, leasing or financing a new vehicle, a limited waiver of depreciation can reimburse the purchase price in the event of a total loss of your vehicle. It confirms the replacement value for a new vehicle for specific period from the date of purchase. The period is typically 24-months.
If you’re the first owner of a vehicle, replacement cost coverage is designed to replace your vehicle in the event of a total loss claim within a specific period. If the same vehicle model can’t be sourced, an equivalent replacement vehicle or the listed replacement value may be provided.
This endorsement can pay for a rental car or alternate transportation – such as taxi, ridesharing or transit fares – while your car is being repaired.
If you frequently rent cars in Canada and the United States this endorsement can provide collision and comprehensive coverage.
This endorsement is designed to pay for towing services. You may have coverage for towing services through a credit card or car association membership.
Designed to cover injuries to you and your family from the actions of an at-fault, under-insured driver, this endorsement may be helpful if you are visiting a province where mandatory minimum liability limits are low.
This endorsement can keep your premium from increasing in the event of your first at-fault collision.

Auto Insurance Endorsements

What’s an endorsement and why is it important?

Where are endorsements listed?

Types of auto insurance endorsements

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