The Insurance Corporation of British Columbia (ICBC) is a provincial crown corporation in Canada that provides auto insurance to residents of British Columbia. ICBC insurance is specifically related to automobile insurance coverage within the province.
ICBC is the sole provider of basic automobile insurance coverage in British Columbia, meaning that all drivers in the province are required to have basic insurance from ICBC. This basic coverage includes third-party liability coverage, which protects the insured person from financial loss if they are held responsible for injuries or damages to others in an accident.
In addition to basic coverage, ICBC also offers optional insurance products that drivers can purchase to enhance their coverage. These optional coverages include collision coverage, comprehensive coverage, extended third-party liability coverage, and more. Optional insurance provides additional protection for the insured vehicle, its occupants, and other potential risks.