Basic Coverage Car Insurance ICBC

What is ICBC?

ICBC stands for Insurance Corporation of British Columbia and is the government-run car insurance provider in the Canadian province. As a government-run provider, ICBC is the legal insurer of all drivers in the province, meaning even if you're not opting for an ICBC policy, you're still paying into the system. In addition to government-run car insurance, ICBC also offers optional insurance coverage for drivers who wish to purchase additional protections.

What Does ICBC's Basic Coverage Include?

ICBC's basic coverage includes liability insurance as well as accident benefits. Liability insurance covers any property damage, bodily injury, and death that you cause during a car accident. Accident benefits provide you with financial assistance if you are injured in a car accident, regardless of who is at fault. This means that even if you are the one who caused the accident, you are still covered under ICBC's basic coverage.

What Additional Coverage is Available Through ICBC?

There are several additional coverages available through ICBC, such as collision insurance, comprehensive insurance, uninsured motorist coverage, and underinsured motorist coverage. Collision insurance covers any damage to your car caused by an accident. Comprehensive insurance covers any damage to your car caused by things other than an accident, such as theft, vandalism, fire, or natural disasters. Uninsured motorist coverage covers any damage to your car caused by someone who does not have insurance. Underinsured motorist coverage protects you if the at-fault driver in an accident does not have enough insurance to cover the cost of the damage.

What Does ICBC's Basic Coverage Not Include?

ICBC's basic coverage does not include coverage for damage to your car, towing and storage, or rental car costs. If you want coverage for these items, you must purchase additional coverage through ICBC. Additionally, ICBC's basic coverage does not include coverage for any property that may be inside your vehicle, such as laptops, phones, or other personal items. You may want to consider purchasing personal property insurance to protect your belongings.

How Can I Get ICBC's Basic Coverage?

You can purchase ICBC's basic coverage by visiting your local ICBC office or by visiting the ICBC website. When purchasing an ICBC policy, you will be required to provide information about yourself, your vehicle, and any additional coverages you wish to purchase. Once you have purchased your policy, you will be provided with proof of insurance which you must carry with you at all times while driving.