ICBC Autoplan Special Risk Own Damage
ICBC Autoplan Special Risk Own Damage is a type of policy that is available for purchased for high-value vehicles.
To determine if your vehicle qualifies for ICBC Autoplan Special Risk Own Damage you need to know what the manufacturer’s suggested retail price (MSRP) is. If your vehicle is less than seven years old and has a value of over $150,000 then it qualifies for the special risk own damage policy.Your vehicle may also qualify if it is less than fourteen years of age and the value of your vehicle exceeds $400,000.
To assist youwe have included a link to the running list on ICBC.com with a list of vehicles that currently qualify for the Autoplan Special Risk Own Damage.
(https://www.icbc.com/insurance/products-coverage/Documents/vehicle-list.pdf)
For ICBC Autoplan Special Risk Own Damage policies you are able to purchase both collision and comprehensive coverage while your Third Party liability would continue to be purchased on a normal APV250 policy. For both the collision and comprehensive coverage the amount of the deductible will be determined by an underwriter at ICBC. The application must be submitted at least five days prior to your upcoming renewal or five days prior to the purchase of a new vehicle to you.
Hopefully this provides you with sufficient information on what options you have when it comes to purchasing Autoplan overage for your higher end or luxury car and you were wondering how the insurance works. If you require further details please contact our office.
