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Difference between revisions of "ICBC and Optional Insurance (12:IV)"
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ICBC and Optional Insurance (12:IV) (view source)
Revision as of 18:58, 1 August 2023
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{{REVIEWED LSLAP | date= August | {{REVIEWED LSLAP | date= August 1, 2023}} | ||
{{LSLAP Manual TOC|expanded = ICBC}} | {{LSLAP Manual TOC|expanded = ICBC}} | ||
{{LSLAP 12 New System Notice}} | {{LSLAP 12 New System Notice}} | ||
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==A. Extended Third-Party Liability == | ==A. Extended Third-Party Liability == | ||
Allows for an extension of third party liability coverage, on the same terms and conditions as the basic third party liability coverage. | Allows for an extension of third-party liability coverage, on the same terms and conditions as the basic third-party liability coverage. | ||
==B. Income Top-Up== | ==B. Income Top-Up== | ||
Extends the upper limit of the coverage available under the income replacement benefit provided as part of basic coverage (i.e. if an insured has a pre-accident net income over $100,000 this top-up might provide them greater coverage under this benefit). | Extends the upper limit of the coverage available under the income replacement benefit provided as part of basic coverage (i.e., if an insured has a pre-accident net income over $100,000 this top-up might provide them greater coverage under this benefit). | ||
==C. Own Damage Coverage== | ==C. Own Damage Coverage== | ||
