ELIGIBILITY
We can insure usage of a vehicle that is being driven part way to work/school & the balance of the trip is transit.
What is rate class 004?
A vehicle being used for ride sharing or car sharing.
What is TNS (Uber/Lyft) & P2P (Turo)?
ICBC's updated leasing framework has removed these required documents to issue new insurance.
What is an LOA/POA?
This can be used to adjust net premium for New & Renewal Business.
What is premium adjustment?
This type of driver is not required to have any minimum number of years of driving experience.
Liability covers compensatory damages however, this type of damage is not covered.
What is punitive damage?
This coverage is available on a leased vehicle for up to the first 5 model years.
What is replacement cost/plus?
Customers can transfer their existing plates/insurance to a new vehicle because of this rule.
What is 10 day plate substitution?
What is a first responder?
Tire damage when the manufacture date is greater than six years old.
What is tire pothole & puncture protection?
These benefits are provided to the names insured only, when a vehicle is leased.
What are included benefits?
Two transaction that require signature. (e-signature or wet)
What is a new policy & epp authorization?