Auto protection should not be left out of your financial plan. Not only does it protect you from devastating and expensive surprises, it also puts your mind at ease. In BC, basic motor vehicle insurance Victoria is only administered by ICBC, a government-run company. On top of this mandatory coverage, many private insurance Victoria agencies offer extra optional services that help tailor your plan to meet your individual needs.
Although ICBC is the only provider of mandatory basic motor vehicle insurance Victoria, ICBC also provides additional Optional Autoplan coverages that protects yourself, others and your vehicle. Key features of ICBC are garage and fleet insurance, monthly payments, short-term policies and new vehicle replacement policies. They also offer other policies, including collector and antique vehicle policies, agreed value for collector cars and storage policies.
With their optional auto and motorcycle coverage options, private companies are a popular alternative to ICBC. For motorcycle owners, they can provide reduced premiums for experienced riders, extended coverage for riding gear and equipment and on-road and storage coverage. Private dealers may also offer higher limits for towing coverage, discounts for multiple-car protection and lower deductibles.
For recreational vehicle coverage, including camper units, travel and tent trailers and motorhomes,, private brokers usually have better rates than ICBC. But before you go out and purchase motorhome coverage, you need to determine if yours is eligible. Out of the 3 motorhome classes, only Class A and Class C can be privately insured. Class B's can only be insured via ICBC. If your motorhome meets the requirements, you can enjoy perks such as automatic coverage for detached structures, a wider variety of claim settlement options and lower deductibles.
Quality insurance Victoria providers should also offer a variety of business, home, marine and travel coverage. When choosing motor vehicle insurance, Victoria residents always look for companies who emphasize community involvement through both business and personal contributions.
Although ICBC is the only provider of mandatory basic motor vehicle insurance Victoria, ICBC also provides additional Optional Autoplan coverages that protects yourself, others and your vehicle. Key features of ICBC are garage and fleet insurance, monthly payments, short-term policies and new vehicle replacement policies. They also offer other policies, including collector and antique vehicle policies, agreed value for collector cars and storage policies.
With their optional auto and motorcycle coverage options, private companies are a popular alternative to ICBC. For motorcycle owners, they can provide reduced premiums for experienced riders, extended coverage for riding gear and equipment and on-road and storage coverage. Private dealers may also offer higher limits for towing coverage, discounts for multiple-car protection and lower deductibles.
For recreational vehicle coverage, including camper units, travel and tent trailers and motorhomes,, private brokers usually have better rates than ICBC. But before you go out and purchase motorhome coverage, you need to determine if yours is eligible. Out of the 3 motorhome classes, only Class A and Class C can be privately insured. Class B's can only be insured via ICBC. If your motorhome meets the requirements, you can enjoy perks such as automatic coverage for detached structures, a wider variety of claim settlement options and lower deductibles.
Quality insurance Victoria providers should also offer a variety of business, home, marine and travel coverage. When choosing motor vehicle insurance, Victoria residents always look for companies who emphasize community involvement through both business and personal contributions.
About the Author:
In British Columbia, the lone provider of mandatory, basic motor vehicle insurance Victoria is a government-run business. However, private insurance Victoria companys offer additional, optional coverage that is a competitive alternative to government insurance. This article speaks of the importance of motor vehicle insurance and the benefits of going with a private insurance company.
