What does OPCF 38 endorsement provide coverage for?

The OPCF 38 endorsement, known as the "Limited Waiver of Depreciation," specifically provides coverage for vehicle modifications, particularly those made to electronic accessories. This endorsement is beneficial for policyholders who have made enhancements to their vehicle that could increase its value or functionality, ensuring that they receive compensation for the full value of such modifications in the event of a total loss. Essentially, it assures the policyholder that the depreciation typically applied to the modified accessories will not be considered when determining the payout in case of a claim.

Understanding this endorsement is crucial for vehicle owners who want to protect their investment in custom or specialized equipment, as it directly relates to the financial security of those enhancements.