To lower your premium, ask your insurance broker about the following:
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.
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.
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.
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.
Comprehensive coverage is similar to “All Risk” coverage. All perils are insured unless excluded in the policy wordings.
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.
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.
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.
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.
Underinsured Motorist Protection protects you if you are in an accident and the other driver is at fault but does not have enough insurance.
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.
It is a good idea to record the following:
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.
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.
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.
When calculating your premium, various factors are taken into consideration. Some examples include:
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:
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.
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.
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.
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.
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.
You can review your policy with a AMC Insurance broker to make sure your coverages are correct and you have all eligible discounts.
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.
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.
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.
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.
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.
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.
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.
Commercial insurance can be completely customized to cover all of your company’s exposures.
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.
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.
AMC Insurance has a team of agents who can assist your company with your bonding needs. Call 1-866-350-8555.
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.
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.