Which statement regarding the Uninsured Automobile Coverage in your insured's O.A.P. 1 Owner's Policy policy is CORRECT?

The Uninsured Automobile Coverage in the O.A.P. 1 protects the insured from financially irresponsible drivers. This coverage has two distinct parts. It covers an insured person for bodily injury or death caused by either an identified uninsured driver or an unidentified driver (hit-and-run). However, for coverage to apply for accidental damage to the insured's own automobile or its contents, the at-fault uninsured motorist must be identified. Damage from a hit-and-run driver is not covered for property damage under this section.

A. This coverage protects the insured from uninsured drivers; it does not provide the insured with liability coverage if their own policy lapses.

B. This statement is false. The coverage includes provisions for both bodily injury and accidental damage to the insured's automobile under specific conditions.

C. Property damage caused by a hit-and-run (unidentified) driver is specifically excluded under Uninsured Automobile Coverage.

1. Financial Services Regulatory Authority of Ontario (FSRA). (2022). Ontario Automobile Policy (O.A.P. 1). Section 5.3, Uninsured Automobile Coverage, pp. 16-17. The policy wording clearly states that for damage to the automobile, the person responsible must be identified.

2. RIBO (Registered Insurance Brokers of Ontario). (2023). Level 1 Licensing Course Materials. Module on Ontario Automobile Insurance, Section on Uninsured Automobile Coverage. This section distinguishes the requirements for bodily injury claims (unidentified driver is acceptable) versus property damage claims (driver must be identified).