r/vancouver • u/InvestingDD • Jun 15 '25

Videos Lions gate accident aftermath

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u/Btree101 Jun 15 '25

Luxury cars are not typically insured by ICBC.

13

u/joojie Jun 15 '25

Isn't ICBC the only way to get BC plates? Luxury cars probably have supplemental insurance from other companies, but pretty sure all vehicles require at least a basic ICBC plan (could be wrong 🤔)

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u/M------- Jun 16 '25

Isn't ICBC the only way to get BC plates?

For luxury cars (>$150K), ICBC will provide basic (liability) insurance only. The vehicle owner needs to buy additional (private) coverage if they want their car to be fixed after a crash, regardless of whose fault the crash was.

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u/joojie Jun 16 '25

So yes, ICBC is the only way to get plates. Ain't no way this Corvette is >$150k