Frequently Asked Questions

General

What type of insurance does AMC Insurance offer?

AMC Insurance is an independent insurance brokerage. We offer vehiclehome, business insurance and many more types of insurance through a network of partners across Canada.

How can I lower my insurance costs?

To lower your premium, ask your insurance broker about the following:

  • increasing your deductible (i.e., your share of the cost of a claim) – by increasing the amount you are willing to pay, you will decrease your premium;
  • dropping collision coverage on an older car;
  • bundling your car and home insurance;
  • installing an approved theft deterrent system in your vehicle;
  • buying a car with a lower-cost insurance rating.
What can I do to make sure I have enough insurance?

AMC Insurance will assess your needs based on the details you provide about your home or vehicle. In case of home insurance, a complete inventory of your belongings will help you get the right coverage and make it easier to file a claim.

What is replacement cost?

Replacement cost is the total cost that your insurance company would pay to fully reconstruct your home if it were destroyed. Replacement costs include things that may not be included in the resale value, like the cost and availability of skilled labour, debris removal, extra expense due to more stringent building codes, and more. If you made upgrades or did renovations, talk to your broker to make sure you have the right coverage.

However if you had Lifestyle Advantage, you could spend the replacement cost however you wish. With no obligation to rebuild, you could downsize and keep any leftover money. Certain restrictions apply, so call AMC Insurance to see if Lifestyle Advantage is right for you.

What is a deductible?

A deductible is the portion you are responsible for paying in the event of a claim. For example, if your car insurance policy has a $1,000 deductible for collision and there are $5,000 in damages, you will pay the first $1,000 and the insurance company will pay the remaining $4,000.

Auto Insurance

What is Collision Coverage?

Collision covers damage to your vehicle if you are in an at fault accident. Collision also helps pay for towing and storage (If necessary) even if the crash is your fault. Collision is an optional additional coverage with ICBC.

What is Comprehensive Coverage or COMP?

Comprehensive coverage is similar to “All Risk” coverage. All perils are insured unless excluded in the policy wordings.

What is Specified Perils or SPEC?

Specified Perils insures your vehicle for loss or damage from fire, earthquake, explosion, lightning, windstorm, hail, rising water and theft. Specified Perils is typically a lower cost alternative to Comprehensive Coverage.

What is TPL or Third Party Liability for BC Car Insurance?

Third party liability is coverage in case you are in an at-fault crash. If you are responsible for a claim, you could be liable for damages including injuries, vehicle damage and other expenses for the other driver and their passengers. Basic Autoplan insurance with ICBC covers $200,000 coverage for Third Party Liability. Higher liability limits are available.

What is RoadStar?

The RoadStar Package includes Loss of Use coverage, Rental Vehicle Coverage, Vehicle Travel Protection and Lock Re-Keying.

Roadstar is sometimes also referred to as the discount level with ICBC. Once a driver reaches a 43% discount, they are considered Roadstar.

What is Roadside Plus?

Roadside Plus includes Loss of Use Coverage, Rental Vehicle coverage, Vehicle Travel Protection, Lock Re-Keying, Emergency Roadside Expense Repayment, Theft Deductible Waiver, Destination Assistance and Family Worldwide Transportation.

What is Underinsured Motorist Protection?

Underinsured Motorist Protection protects you if you are in an accident and the other driver is at fault but does not have enough insurance.

What does ICBC stand for?

The Insurance Corporation of British Columbia. More information about ICBC can be obtained on the ICBC website.

Can I gift a car to a friend?

With the new taxation law you can gift a vehicle to an immediate relation only including but not limited to: Spouse, Parent, Grandparent, Child (Spouse), Grandchild (Spouse) and Sibling (Spouse). Please pick up the appropriate form in our office. All other gifted vehicles will need to have a fair market value applied for taxation.

What information should I collect if I am car accident?

It is a good idea to record the following:

  • Information on the other driver(s) including; drivers licence number and issuing province or state, name,address and phone number
  • Information on the other vehicles involved ien the crash: Plate number and issuing province or state, Vehicle Identification Number, Registration number, Year, Make and Model of the car.
  • Name and Contact information of witnesses
  • Details on the accident, such as the direction the vehicles were driving and what lane the vehicle was in
  • Where and when the accident took place
  • Weather and road conditions
How can I get a BC car insurance quote?

To get an ICBC Autoplan quote, you can visit or call any AMC Insurance location in BC. Alternatively you can request a car insurance quote through our online quote request form. AMC Insurance can also provide auto insurance quotes for private car insurance in BC.

Home Insurance

What are the different types of home insurance that AMC Insurance offers?

AMC Insurance offers insurance for your house, condo, apartment, cottage, home-based business and rented dwellings. We can also cover identity theft and offer liability insurance. Read more about home insurance.

What does my home insurance policy cover?

AMC Insurance offers tailored home insurance coverage to fit your lifestyle, so you can choose exactly what you want covered: your home, its contents, or yourself. Visit our home insurance section to learn more, or if you have specific questions about your coverage, contact us.

How is my home insurance premium determined?

When calculating your premium, various factors are taken into consideration.  Some examples include:

  • The location of your home
  • The age and condition of your home.
  • The number of years you have lived in that home
  • If your home is built for or used by more than one family
  • How your home is heated
  • Proximity to fire-fighting support
  • If you work at home
  • How much protection you want
  • The number of claims you have made in the past
How can I save on my home insurance?

The premium you pay is determined by different factors. The good news is, there are actions you can take to reduce your premium and simultaneously protect your home:

  • Evaluate your coverage every year to make sure it reflects the current value and condition of your home, and takes into account major improvements or purchases.
  • Implement preventative measures like an alarm system, main line backwater valves, water sensors, alarmed sump pumps, and tankless water heaters. You should also perform regular maintenance to your plumbing, your electrical and heating systems and your roof.
  • Ask your broker about discounts you may be entitled to – you might qualify for additional discounts if you are mortgage or claims free.
  • Avoid a cancellation penalty by waiting for your renewal date if you want to switch insurance companies.
  • Some coverage options might allow flexibility. Your broker can help you determine precisely the level of coverage you need.
  • Paying your premium annually can help you avoid interest charges or service fees.
Do you cover water losses?

We do! In fact, our extensive water damage coverage allows you to customize your insurance policy in the event that water enters your home.  Availability depends on each individual situation, please consult us for more information.

How can I protect my home from water damage?

If you are worried about water damage, then our extensive water damage coverage is for you: sewer backup, water and sewer lines, overland water and ground water can all be part of the coverage you can customize based on your needs.

Do I need to advise my insurance broker if I am doing renovations?

Yes, you need to advise your insurance broker if you are doing any home renovations. In some cases you may need Permission for Renovations added to your policy. You will also want to consider whether you need to increase your limits of coverage.

Is there a fee for getting a BC home insurance quote?

There is no charge for a quote for BC home insurance from AMC Insurance. There is also no obligation to purchase a quote. To ensure that you are not overpaying for your house insurance, tenant insurance or condo insurance, we invite you to come in and get a comparison quote for free! You can also request a BC home insurance quote online here.

What is a Comprehensive Insurance policy?

Comprehensive is the most inclusive home insurance policy; it covers both the contents and building (if applicable) for all risks, except for those specifically excluded.  These policies are also referred to as All Risks Insurance. AMC offers comprehensive insurance coverage for house insurance, condo insurance and tenant insurance.

How can I lower the cost of home insurance?

You can review your policy with a AMC Insurance broker to make sure your coverages are correct and you have all eligible discounts.

Can I buy home insurance in BC without an alarm?

Yes, BC home insurance is available within an installed house alarm in most cases. Additional discounts may apply when a fully functional monitored alarm or local alarm is installed. This discounts can sometimes even exceed the cost of the alarm. Ask your AMC Insurance broker for details.

How much does BC home insurance cost?

The cost of insurance in BC depends on many factors including where your home is located, the type of policy, the limits of coverage, your claims history and other possible discounts.

Is home insurance required in BC?

Although home insurance is strongly recommended, there is no law that requires residents to carry home insurance. However, if you have a mortgage on your home, the mortgage company most likely requires you to carry home insurance.

Are all home insurance policies in BC the same?

There are several types of insurance policies you can purchase. Please remember that the wording and what is covered may vary within these general categories from one insurance company to another. You should pay particular attention to the limits of coverage and policy wordings when purchasing a home insurance policy in BC. In many areas of BC it is also important to consider Earthquake Insurance and Overland Water Coverage.

Commercial Insurance

How much commercial insurance do I need?

How much commercial insurance you require will depend on a number of factors pertaining to your commercial. An AMC Insurance Commercial Insurance Advisor can help you assess the amount of coverage required.

How much does commercial insurance cost?

The cost of commercial insurance varies based on gross revenues of the commercial, the risk and the limits of insurance. There are additional coverage’s that can be added to a Commercial Insurance Package, such as a Tools Floater and Cyber Insurance. These coverage’s can increase the cost but expand coverage and reduce risk.

How do I buy commercial insurance?

Commercial insurance can easily be purchased over the phone at 1-866-350-8555 or you can request a quote online.

Why should I buy Commercial insurance?

Commercial insurance can protect the financial stability of your Commercial should a liability claim arise against you. A policy can also include coverage for buildings, contents and loss of Commercial income.

What does Commercial insurance cover?

Commercial insurance can be completely customized to cover all of your company’s exposures.

Do I need Commercial insurance on my car?

Even if you do not own a Commercial , if you use your car for Commercial purposes or during the course of your workday you should talk to one of our Autoplan insurance advisors about Commercial insurance, Artisan Insurance or Delivery insurance for your car.

What is the difference between Commercial insurance and Liability insurance?

Liability insurance coverage is a standard coverage included within a Commercial insurance policy. A Commercial insurance package may also include coverage for a building, Commercial personal property and much more.

Where can I buy a Commercial insurance bond?

AMC Insurance has a team of agents who can assist your company with your bonding needs. Call 1-866-350-8555.

Do I need Commercial insurance for my home based Commercial ?

If you have a home based Commercial you should have liability and coverage for your Commercial personal property. You may be able to add this coverage to your Home Insurance policy. Contact your AMC Insurance broker to enquire.

How can I get Commercial insurance quotes online?

At AMC Insurance we provide insurance products unique to our customers needs. We communicate with the Commercial to determine the best commercial insurance products for the individual Commercial rather than a “one size fits most” type of policy. A Commercial insurance quote can be requested online through our quote request form.

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