auto plan insurance
As a resident of British Columbia, in order to insure your automobile, you must purchase certain mandatory coverage’s through the Insurance Corporation of British Columbia’s (ICBC) program Basic Autoplan.
ICBC is a Crown Corporation owned entirely by the British Columbia Provincial Government and is the sole provider of the mandatory Basic Autoplan coverage. ICBC also provides Optional Autoplan, which is additional coverage that you can purchase if you wish.
Seafirst Insurance Brokers provides both Basic Autoplan and Optional Autoplan, as well as the licenses and plates that you require.
Basic Autoplan includes five main types of coverage:
1) Third party legal liability coverage. |
| 2) Accident benefits. |
| 3) Underinsured motorist protection. |
| 4) Hit and run and underinsured motorist protection. |
| 5) Inverse liability coverage. |
Basic Autoplan pays damages if you are found legally liable for a crash. It provides financial assistance to cover your wage loss and to help pay for your medical or rehabilitation costs for personal injuries. It also provides additional coverage in situations where you, members of your household, or other occupants of your vehicle are injured in an accident where the at-fault motorist lacked sufficient coverage to pay damages awarded in a claim.
Basic Autoplan Fine Print |
Basic Autoplan coverage apples only in Canada and the US. Your coverage does not extend to Mexico or any other country.
Basic Autoplan has other restrictions. You may not be covered if:
| -your vehicle was improperly rated. |
| -the accident resulted from avoiding the police or using a vehicle for any illicit or illegal purpose. |
| -you we driving without a valid driver's license or when your license was suspended. |
| -your vehicle was driven by someone else without a valid driver's license or when their license was suspended. |
| -you are found impaired by alcohol or drugs at the time of the crash. |
| -you present a fraudulent or exaggerated claim. |
| -the vehicle was deliberately used to cause loss or damage. |
| -your claim results from acts of war, rebellion, insurrection, or a nuclear energy hazard. |
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Optional Autoplan coverage provides you with a fuller range of protection. The most common Optional Autoplan coverage’s are Extended Third Party Liability, Collision and Comprehensive.
Extended Third Party Liability – This gives you additional protection over and above the basic Third Party Liability limit of $200,000 if you are sued or are found responsible for injuries to others or damage to property of others as a result of a motor vehicle accident.
Collision – This coverage pays to repair or replace your vehicle if it is damaged and you are found to be at fault.
Comprehensive – This coverage covers loss or damage to your vehicle by any cause except damage covered by Collision insurance. This includes coverage for loss or damage by fire, theft, vandalism and windshield damage.
Seafirst Insurance Brokers also provides optional coverage for your automobile and recreational vehicles through private insurers. For more information on optional coverage programs, contact a Seafirst Broker today.
Moving to British Columbia? here's some essential information!
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