For many, the launch of the new ICBC rating system wasn’t a big deal…life goes on. And, with the coming fall season, so have our busy lives – the many school, work, family, and fitness routines that mark our everyday lives are back in full effect. So now that you’re… Continue Reading
With one month to go before the effective launch of the province’s new auto insurance system, it’s worth reflecting on how we got here. Understanding the reasons for the can help us all feel a little better about some of the changes we’ll experience come renewal time, especially considering… Continue Reading
The ink was barely dry on BC’s new auto insurance coverage rules and rates when, earlier this month, the provincial government stepped in with more changes. In our last post, we covered the first announced ‘tweak’ — the waiving of the premium for Unlisted Driver Protection add-on until a… Continue Reading
Among the many changes to BC’s auto insurance system introduced by the province over the past year is coverage for occasional drivers who don’t meet the minimum threshold to be listed on policies. Unlisted Driver Protection, or UDP, was created for anyone driving a vehicle up to 12 times per… Continue Reading
By now, you’ve no doubt heard about the changes coming to British Columbia’s auto insurance system — if not from us, than across a variety of media, family, friends and co-workers. They will indeed be significant, but not just in terms of finally helping overhaul ICBC’s insurance model. Of all… Continue Reading
The start of spring brought some lovely weather to British Columbia, as well as a lot of discussion about the first round of changes to auto insurance ICBC has begun to roll out. Effective April 1, the province’s public auto insurer introduced three main sets of changes — a cap… Continue Reading
What’s your pain and suffering worth? A lot more than it was in the year 2000, according to ICBC. Average awards for pain and suffering grew from $5,0000 to over $16,000, an increase representing 50% of the total, four-fold increase in minor injury claims during that period. As a result,… Continue Reading
Last month, we talked about the first set of changes coming to ICBC Auto Insurance (Autoplan) policies as sweeping changes come into effect as of September 1, 2018. Other changes are afoot, including the ways ICBC will use individual driving and claims histories to rate auto insurance policies, impacting… Continue Reading
Did you know… In BC, many people think that because third-party auto insurance is optional, they don’t need it. Nobody likes to pay for insurance they don’t use, and of course nobody ever thinks they’ll be in a crash, let alone the cause of one. Unfortunately, that means there are… Continue Reading
Did you know… …about upcoming changes to driver declarations and the new rating rules arriving in 2019? As of September 1st, 2019, ICBC will require all Autoplan brokers to ask you for the names of anyone, in addition to the primary driver, who may drive any of your insured vehicles. Continue Reading
