Let Us Help You Find the Answers You're Looking for...
Filter your Questions based on the Categories you like
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Can I get a home insurance quote online?
Absolutely. With InsureBC, you can get an instant online quote in just minutes. Our platform makes it easy to compare coverage options, adjust your limits, and choose a policy that fits your lifestyle and budget.
And if you’d like to explore additional choices beyond what’s available online, our licensed insurance advisers can shop the broader market on your behalf. They’ll review options from multiple insurers, answer your questions, and help ensure you’re getting the right protection at the best value.
Does home insurance cover water damage?
Yes, it does but coverage depends on the cause of the damage. If the damage is sudden and accidental, such as a burst pipe or a storm-related roof leak, you’re typically covered. However, ongoing maintenance issues like gradual roof wear, seepage, or poor upkeep are not covered.
To strengthen your protection, InsureBC offers optional add-ons for overland water coverage which protects you against flooding from heavy rainfall or overflowing rivers.
What does home insurance cover?
A standard home insurance policy provides four key areas of protection:
- Dwelling protection – Covers your home, garage, sheds, decks, and other structures.
- Personal property – Covers your belongings such as furniture, electronics, and clothing, even if they’re temporarily outside the home.
- Personal liability – Protects you if someone is injured on your property or if you accidentally damage another person’s property.
- Additional living expenses – Pays for hotel stays, meals, and storage if you can’t live in your home while it’s being repaired after a covered loss.
*Please see our policy wordings for more details.
This coverage ensures that both your financial investment and peace of mind are protected.
How much coverage do I need for home insurance?
You should insure your home for the cost of rebuilding it today, not the market value or your mortgage balance. This ensures you’re protected against unexpected rebuilding costs caused by inflation or rising construction expenses.
InsureBC brokers use professional tools and appraisals to calculate the full replacement value of your home, so you won’t be left underinsured in the event of a loss.
How much is home insurance in BC?
The cost of home insurance in BC depends on several factors, including your home’s location, age, building materials, and the amount of coverage you choose. Properties located in areas with higher wildfire or flood risks may see higher premiums. At InsureBC, we use current rebuilding cost evaluations to make sure your coverage is accurate and up to date.
💡 Tip: Even two similar homes in the same city can have different premiums. That’s why it’s important to get a customized quote.
Are valuable collections and art covered under high value home insurance?
Yes. One of the key advantages of high-value home insurance is the broader protection it provides for valuable collections. Compared to standard home policies, which often impose low special limits and require appraisals for each high-value item, high-value programs include much higher limits and more flexibility.
For example:
- Jewelry, fine art, and collectibles are covered with higher automatic sub-limits.
- Some insurers, like Chubb, even offer blanket coverage for valuable articles (such as an entire collection of luxury watches) without requiring an appraisal for every item.
- Coverage can be tailored for specific categories—whether art, antiques, wine, or other collections so that your assets are fully protected.
Are there any discounts available on ICBC auto insurance?
Yes, drivers can take advantage of several ICBC discounts such as good driving record, safe driver discount and low-risk vehicle discount.
Can I switch between ICBC auto coverage plans?
Yes, you can switch between ICBC auto insurance plans at any time. However, you may incur additional charges or fees if you want to make changes to your existing policy. Read more: https://www.icbc.com/insurance/Pages/FAQs.aspx
Can the policy be transferred to a family member?
Yes! If you transfer ownership to any of your immediate family members mid-term, your policy can be transferred to the new owner. The recipient of your vehicle would keep the same policy number, effective and expiry date.
Can the policy be transferred to a new vehicle?
Yes! If you purchase a new vehicle while mid-term in your current policy, we can process a transfer of the policy to your new vehicle. This will generate a new policy, with a new policy number, effective and expiry date. Any unused portion of the premium for your previous policy can be applied to the new insurance premium as transfer credit.
Do I have to buy New Vehicle Replacement insurance when I buy my car, or can I get it later on?
Our unique eligibility guidelines allow for any vehicle that is 5 years old or newer to qualify for New Car Replacement coverage. That means you are not required to have just recently purchased your vehicle to qualify and can purchase a policy any time between your vehicle being brand new, and 5 model years old. There is also no kilometre restriction, just as long as your vehicle has not been driven on average more than 40,000 km a year since it was new.
Do I have to buy the same vehicle as I had previously?
No, after a total loss you are not required to buy the same vehicle as you had previously. You are more than welcome to choose a different or better vehicle, or even take the cash settlement if you’d like, however we will only pay up to the replacement value of the same make, model, and trim package as the vehicle that you had previously. It will be in the most current model year.
What kind of coverage does international business insurance offer?
International business insurance can provide a range of coverage, including property insurance, liability insurance, commercial auto insurance, and workers' compensation insurance. It can also provide coverage for political risk, kidnap and ransom, and other specialized risks.
Who needs international business insurance?
Any business that operates internationally should consider getting international business insurance. This can include businesses that have overseas offices, employees who travel internationally, or those that conduct business with clients overseas.
What is international business insurance?
International business insurance is a type of insurance that provides coverage for businesses that operate internationally. This can include coverage for property, liability, and other risks associated with conducting business abroad.
What happens if the principal fails to fulfill their obligation?
If the principal fails to fulfill their obligation, the surety company steps in and pays the damages up to the bond amount. The principal then has to reimburse the surety company for the payment made.
Can I cancel my surety bond?
Yes, you can cancel your surety bond, but you need to give a written notice to the obligee and the surety company. The cancellation terms and conditions are usually specified in the bond agreement.
How long does it take to get a surety bond?
The processing time for a surety bond application varies depending on the type of bond, the obligee's requirements, and the complexity of the obligation. Generally, it takes a few days to a week to get a surety bond.
How does the application process work for a 30-year term life insurance plan?
The application process involves filling out a form with your personal and medical information. Some insurers may require a medical exam. Check with your broker to know about the details of application process related to your case.
What happens if I outlive my 30-year term insurance policy?
If you outlive your policy, the coverage ends. However, you may have the option to renew your policy or convert it into a permanent one.
Are there any pre-existing medical conditions excluded from 30-Year Term Insurance?
Yes, some pre-existing medical conditions and high-risk activities may be excluded or require specialized coverage. We recommend discussing all potential exclusions with your insurer prior to purchase.
Can I convert my 30-year term insurance into a permanent life insurance plan?
Yes, many term life insurance plans offer the option to switch to a permanent life insurance plan during the policy term, without a medical exam. You can discuss the details with your broker for additional information.
How can I get a 25-year term life insurance quote?
You can get a 25-year term life insurance quote from InsureBC simply by filling out the form by clicking on this link.
Can I add riders to my 25-year term policy?
Yes, you can add additional coverage with riders such as accelerated death benefit, waiver of premium, accidental death benefit, etc., depending on your insurance company. These riders give you greater flexibility in customizing your policy and protecting your family.
What should I do if I think I've been a victim of identity theft?
If you suspect that you've been a victim of identity theft, act quickly. Contact your bank and credit card companies, place fraud alerts on your credit reports, and file a police report. Contact your broker for more details on what steps to take.
Will Identity Theft Restoration Insurance prevent identity theft from happening?
No, InsureBC's Identity Theft Restoration Insurance cannot prevent identity theft from happening. However, it can help protect you financially in the event of an identity theft event.
Can I purchase InsureBC's Identity Theft Restoration Insurance online?
Yes, you can purchase InsureBC's Identity Theft Restoration Insurance online. Simply visit our website by clicking this link and complete the online application to get a personalized quote.
What is identity theft insurance?
Identity theft insurance is a type of insurance policy that helps protect you from financial losses resulting from identity theft. It typically covers expenses related to restoring your identity, such as lost wages, legal fees, and credit monitoring services.
What should I look for when choosing a boat insurance policy in BC?
When choosing a boat insurance policy in BC, it's important to consider the coverage options, deductibles, and premiums. You should also research the insurer's reputation for customer service and claims handling.
What factors affect the cost of boat insurance in BC?
The cost of boat insurance can vary depending on several factors, such as the type and size of your boat, its age and condition, where you operate it, and your driving record. Other factors may also come into play, such as whether you have safety equipment on board, such as life jackets and fire extinguishers.
An Insider Look at the Insurance Industry
Discover a wealth of knowledge on insurance-related topics, as our team of experts at InsureBC share their insights, advice, and tips to help you navigate the world of insurance with confidence.
The Ultimate Guide to Homeowners Insurance in BC - 2024
Do you know what homeowners insurance covers? And, what types of homeowners insurance coverage exist? Maybe you have heard from your family, realtors or mortgage brokers saying the importance of buying homeowners insurance. But why? If you can’t answer some or none of the questions I’ve asked, this article will help you understand all the important things about homeowners insurance so that you can make an informed buying decision when you’re ready.
