Vehicle or auto insurance taken out for any type of automobile generally provides coverage against collisions and crashes that are an everyday affair on all busy thoroughfares, traffic intersections, and highways in Vancouver. The coverage provides reimbursements for physical injuries caused to the victims and the offender, compensation for medical expenses and rehabilitation costs, and for fatalities or deaths resulting from severe collisions.
A general auto insurance plan does not always cover other aspects that can be categorised under such a plan like theft or demurrage caused due to religious or political riots and other acts of vandalism. If you’re a resident of Vancouver and haven’t yet insured your vehicle, you can opt for an ICBC Autoplan Vancouver that has provisions for a comprehensive insurance package. And if you already have taken out an insurance plan for your automobile that covers only the basic aspects, then you can modify your plan to include the additional aspects generally not covered in a basic plan. You’d just need to get in touch with your insurer.
Canada is a large country with many provinces, of which Saskatchewan, Ontario, British Columbia, Manitoba and Quebec that are some of the major ones. The rules and regulations governing auto insurance vary from region to region. In some regions, these rules and regulations are laid down by public or administrative bodies while in other regions, they are prescribed by private bodies. But all auto insurance governing bodies in Canada follow some minimum and basic standards regarding the benefits, constraints, and the minimum amount of coverage of a basic vehicle insurance plan.
Almost all vehicle owners in Vancouver and other parts of British Columbia are familiar with Insurance Corporation of British Columbia that was established in 1973. It originally provided auto insurance for all public and private vehicles in BC. Later on, it started providing driving licenses to motorists and registration of vehicles as well. The insurance conventions require all vehicles registered in the province of British Columbia to mandatorily take out a basic ICBC Autoplan Vancouver insurance policy from ICBC.
The preliminary or basic package known as “Autoplan” provides insurance for third-party legal liabilities, accidental benefits, coverage for hit-and-run cases, uninsured and underinsured motorists insurance, and inverse liabilities. Since the time of ICBC’s establishment and long thereafter it enjoyed monopoly position in the vehicle insurance sector. It is only recently that private players have been allowed to offer basic insurance plans and additional or optional coverage for theft, damage resulting from situations other than collisions or crashes.
Our expert advised you all types of ICBC Autoplan Vancouver services at the best possible rates and less risk.