🚗 ICBC Basic Autoplan: Core Coverages & Limits 🇨🇦
If you drive in British Columbia, you already know ICBC’s Basic Autoplan is mandatory. But do you know what it actually covers—and where its limits end? Understanding these core protections can help you avoid costly surprises after an accident.
⚡ Core Coverages Under Basic Autoplan
- Third-Party Liability 🛡️: Protects you if you’re at fault in a crash that causes injury or property damage to others. Coverage starts at $200,000, though higher limits are strongly recommended.
- Accident Benefits 🚑: Covers medical and rehabilitation costs for you and your passengers, regardless of who’s at fault.
- Underinsured Motorist Protection 💼: Provides up to $1 million if you’re injured by a driver who doesn’t carry enough insurance.
- Hit-and-Run Protection 🚦: Covers injuries or property damage caused by an unidentified driver.
- Inverse Liability 🚙: Protects you when driving in jurisdictions where liability laws differ.
📌 Why It Matters
While Basic Autoplan ensures every BC driver has a safety net, its minimum limits may fall short in serious accidents. If damages exceed $200,000, for example, you could be personally responsible for the difference.
✅ The Takeaway
Basic Autoplan lays the foundation, but most drivers benefit from optional coverage such as higher liability limits, collision, and comprehensive protection. A quick conversation with a broker can help you tailor your policy to fit your needs.
👉 Have you reviewed your ICBC coverage lately?
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