Difference between revisions of "ICBC and Basic Coverage (12:III)"
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This third party liability coverage, included as part of basic mandatory vehicle coverage, provides indemnity for this sort of property damage, as well as for injury or death that occurs in other jurisdictions in Canada or the United States, with certain specified exceptions (''IVR'', s 64). This indemnity for basic third party liability is capped at $200,000 for most vehicles, with higher limits for buses, taxis and limousines (''IVR'', Schedule 3, s 1(1.1)). | This third party liability coverage, included as part of basic mandatory vehicle coverage, provides indemnity for this sort of property damage, as well as for injury or death that occurs in other jurisdictions in Canada or the United States, with certain specified exceptions (''IVR'', s 64). This indemnity for basic third party liability is capped at $200,000 for most vehicles, with higher limits for buses, taxis and limousines (''IVR'', Schedule 3, s 1(1.1)). | ||
== | ==E. Uninsured Motorists == | ||
This portion of basic coverage covers ''non-vehicle property damage'' caused to the insured’s property by an uninsured (identified) motorist, in British Columbia (''IVA'', s 20). This insurance is capped at $200,000 (''IVR'', Schedule 3, s 9(1)). | This portion of basic coverage covers ''non-vehicle property damage'' caused to the insured’s property by an uninsured (identified) motorist, in British Columbia (''IVA'', s 20). This insurance is capped at $200,000 (''IVR'', Schedule 3, s 9(1)). | ||