Difference between revisions of "ICBC and Basic Compulsory Autoplan Coverage (12:X)"

The IVA makes ICBC the sole provider of basic insurance for non-exempt vehicles in BC Exempt vehicles are described in ss 43 – 44 of the IVA and also in s 2 of the IVR. For most vehicles owned, leased or operated in BC, third party liability coverage up to $200,000 is only available from  ICBC. Full coverage for exempt vehicles, extended coverage in excess of the basic coverage (third party liability insurance over $200,000, IVR, s 67), and collision (“own damage”) insurance may be purchased from either ICBC or from private insurers. See [[Optional ICBC Insurance (12:III) | Section III: Optional Insurance]]. Note that private insurers may have their own requirement for coverage that may be above and beyond the requirements of ICBC.