What is the difference between an OEF 19 and an OEF 19A insurance policy endorsement?
A. The OEF 19 endorsement limits the liability of the underwriter to not exceed the stated value. The 19A is the agreed value that the underwriter will pay out (in most cases) in case of a total loss, or to be used as a basis when determining whether the car is written off or not. The 19A is considered superior protection for the consumer, but not all underwriters will offer it. The 19 is considered “better than nothing” since it can be used as starting point if one has to go to insurance mediation.