subject: Drive Peacefully With An Auto Insurance Vancouver Plan [print this page] If youre a vehicle owner residing in the province of British Columbia, then you possibly have taken out a vehicle insurance scheme either from ICBC (Insurance Corporation of British Columbia) or from any of the numerous private insurance firms. In case you just have a basic insurance plan that covers only the rudimentary liabilities like car collisions and crashes, then you can opt for additional coverage aspects like theft or out of turn vehicle damages within your existing plan. And if youre yet to go for an auto insurance Vancouver, then you should not delay any further. Getting your vehicle insured will give you peace of mind as you know that youll be recompensed should you or your family suffer injuries because of a collision.
Basic vehicle insurance offers you minimum liability coverage that you must buy from ICBC before you can take to the streets anywhere in British Columbia. This minimum liability coverage, as mandated by law differs from province to province. In BC, the amount is $2,00, 000 for third party liability coverage for every single vehicle. ICBC formulates the plan that youll ideally need based upon:-
Your driving experience (or the driving experience of the vehicle owner)
Area of operation
The parking sites that youll generally use and the address of the vehicles garage
The nature or purpose for which the vehicle will be used
Discounts or rebates as applicable
If your total driving experience is more than a decade, youd be better placed if you opt for an insurance policy from a private insurer thatll be able to provide you more options and better value for your money.
An auto plan from ICBC generally covers third party liability insurance, underinsured motorist immunity, accidental benefits, motorist coverage for hit and run cases, and inverse liability insurance. There are certain limitations or restrictions that are imposed on a basic vehicle insurance plan. For instance coverage is not provided if youre found without a driving license during the crash; a crash or collision resulting in running away from law enforcers also disqualifies you from coverage; youre driving under the influence of alcohol, drugs and other stimulating substances. A basic auto insurance Vancouver will also not reimburse your claims if you make a phony or fraudulent claim. Your claim also does not cover damages arising out of acts of rebellion, vandalism, insurgencies or damages due to radioactive and nuclear hazards.
by: Alice Jonathan
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