Basic vehicle damage coverage has a coverage limit of this.
What is $200,000?
Third party liability is included in Basic insurance up to a limit of $200,000 or this amount for some commercial vehicles.
What is 1 million?
The standard income replacement benefits provide up to 90% of the customer's net income up to this gross amount.
What is $100,000?
The stand alone hit and run policy does not offer coverage for this if caused by a hit and run incident.
What is injury/death?
This optional coverage has only one deductible option of $750.
What is Hit & Run coverage?
True or False: Basic vehicle damage coverage will cover vehicle damage up to the extent that your customer is at fault for the accident.
What is False? Basic vehicle damage coverage will cover vehicle damage up to the extent that your customer is NOT at fault for the accident.
Third party liability offers coverage for the following: property damage (other than vehicle damage) while driving, downtime, damage resulting in environmental clean-up, you cause injury to someone while driving outside of BC, you damage someone else's vehicle while driving outside of BC and/or....
What is the contents and cargo of the not at fault driver?
Customers can purchase additional income top-up in tiers of this amount.
What is $10,000?
A customer with a collision deductible of $300 involved in a hit and run incident, will pay a $300 deductible in order to have the damage covered. A customer with a collision deductible of $1000 will pay this amount in the event of a hit and run incident.
What is $750?
The lawsuit ban does not apply in the following examples: Loss or damage to personal property/cargo carried in or on another vehicle, business downtime, environmental cleanup, and/or in the event of this.
What is non-vehicle property damage? (Example: fences and/or buildings)
Collision will still offer coverage for vehicle damage should you be this.
What is the at fault driver?
Under Enhanced Care injury and death related to a crash (within BC) will not be covered by third party liability. It will be covered by this.
What are Enhanced Accident Benefits?
True or False: Customers do not need to have an auto insurance policy to purchase an APV435?
What is True?
True or False: ICBC has created a one-time provision to bridge the unexpected coverage gap for hit and run losses. This provision may be accessed once per insured customer, not per insured vehicle.
What is False?
Under Enhanced Care, licensed non-standard vehicles like golf carts in rate class 030, farm tractors in rate class 100 and industrial vehicles in rate class 170 will no longer have access to this coverage.
What is ICBC's basic or extension third party liability?
Basic Vehicle damage coverage offers coverage for the cost of the vehicle repairs (up to the coverage limit), loss of use (when not at fault) AND....
What is towing/storage costs?
You may purchase up to $5 million dollars in extension of third party liability or up to this amount for some commercial vehicles.
What is $10 million?
The income top-up policy is best suited for British Columbians who don't have any other income replacement plan. This is because ICBC is this kind of payer.
What is a secondary payer?
The 'transition' period put in place for the hit and run provision will end by this date.
What is April 30th, 2022?
Off highway third party liability is available in limits of 1 million, 2 million, 3 million, 5 million and...
What is $200,000?