Registered Insurance Brokers of Ontario (RIBO) Practice Exam

The Family Protection Endorsement OPCF 44 is specifically designed to address situations where an insured individual is involved in an accident with an underinsured or uninsured motorist. This endorsement fills the gap created when the liability coverage of the at-fault driver is insufficient to cover the damages incurred by the injured party.

By providing additional protection against insufficient auto liability coverage, the Family Protection Endorsement ensures that the insured and their family are not left financially vulnerable in the event of such accidents. This aspect underscores its importance, as it promotes financial security above the basic liability limits that may not be adequate in serious cases.

The other choices focus on areas that the Family Protection Endorsement does not address, such as physical damage to the vehicle, coverage for property loss, or increasing overall policy limits for all claims, none of which are functions served by this specific endorsement.