British Columbia Mandatory Coverage To drive in British Columbia, you must obtain coverage through the government insurer, Insurance Corporation of British Columbia (ICBC) that meets the mandatory provincial requirements. In the province, $200,000 in third-party liability coverage is mandatory. Below is a summary of mandatory coverage required by the British Columbia government. Please refer to the list of sources for more details.This information is for educational purposes only. We suggest you consult a qualified insurance professional for further assistance. as of January 1, 2022Mandatory minimum third-party liability:In situations where lawsuits are permitted, $200,000 is available for any one accident; however, if a claim involving both bodily injury and property damage reaches this figure, payment for property damage will be capped at $20,000.Direct Compensation Property Damage required?British Columbia uses a similar system, which it refers to as Basic Vehicle Damage Coverage.Medical payments:No time or amount limit.Funeral expense benefits: Up to $9,386.Disability income benefits:90% of net wages based on actual gross annual income that is less than $105,500.Death benefits:Up to $68,863 to spouse, benefits for dependants are age-defined and range from $32,708 to $61,680, but; if no spouse or dependant, each non-dependent parent or child receives up to $15,336.Impairment benefits:Up to $172,154 / person for non-catastrophic injury, up to $271,834 for catastrophic injury.Right to sue for pain and suffering?No. However, claims can be made for pain and suffering with a maximum settlement amount of $5,831 for accidents on or after April 1, 2022.Right to sue for economic loss in excess of no-fault benefits?No.Administration:Government (government and private insurers compete for optional and additional coverage) Sources:ICBC Autoplan InsuranceYour Guide to Enhanced Accident BenefitsYour Support Guide for Fatality ClaimsBasic Vehicle Damage Coverage Regulation, BC Reg. 4/2021Minor Injury Regulation, BC Reg. 234/2018Permanent Impairment Regulation, BC Reg. 61/2021 Auto Insurance Q & AQuestions to ask your insurance representative.All about Auto InsuranceRegardless of where you live in Canada, auto insurance is required by law. You are not authorized to drive without it. Useful LinksFACTS of the Property & Casualty Insurance IndustryThe FACTS of the Property & Casualty Insurance Industry is published by Insurance Bureau of Canada (IBC), the trade association representing Canada’s private property and casualty (P&C) insurance companies. IBC has published FACTS since 1972 to provide a snapshot of the state of the P&C insurance industry.Buying Auto InsuranceKnow how insurance premiums are calculated, where to turn for insurance if you are a higher-risk driver and what additional auto insurance coverage is available. Insurance Premium AllocationThe premiums of many policyholders pay the claims of the few who suffer a claim. Insurers put premiums toward a mix of claims costs, investments and operational expenses. Types of CoverageCollision, specified perils, comprehensive and all perils are among the additional coverages available for your vehicle. In general, these coverages are very similar across the country Canadian Loss Experience Automobile Rating (CLEAR)Collision, specified perils, comprehensive and all perils are among the additional coverages available for your vehicle. In general, these coverages are very similar across the country. Facility AssociationFacility Association’s mission is to administer the automobile insurance residual markets, enhance market stability, and guarantee the availability of automobile insurance to those eligible to obtain it.