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 regulations. In the province, $200,000 in third-party liability coverage is mandatory. The chart below provides 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 September 1, 2019Compulsory minimum third-party liability:$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 $20,000Direct Compensation Property Damage Required:Not applicableMedical payments:Up to $300,000/person (as of January 1, 2018)Funeral expense benefits: Up to $7,500Disability income benefits:Up to $740 per week; homemaker up to $280 per weekDeath benefits:Up to $30,000 to spouse and up to $6,000 to each dependent childImpairment benefits:N/ARight to sue for pain and suffering?Yes. If injury is deemed "minor" under provincial legislation, maximum award is $5,500.Right to sue for economic loss in excess of no-fault benefits?YesAdministration:Government (government and private insurers compete for optional and additional coverage) Sources:Accessed on March 1, 2020ICBC summary of changes in effect as of September 1, 2019B.C. Regulation 234/2018, Minor Injury Regulation, amended effective April 1, 2019B.C. Reg. 234/2018, under the Insurance (Vehicle) Act effective April 1, 2019 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.