Quote:
Originally Posted by Jmac
That's not true.
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No, it is true. I am a licensed ICBC salesperson as I just tested out the situation and you indeed do not get a cheaper premium if they are not listed as a household member. The CDF on your policy is solely the IDF of the PO (if PO's IDF is the highest) if no other household member is listed. I can send proof to a DM as I would rather not show a screenshot of the broker's site to the public.
Example 1, my own IDF is 0.829 and my friend's IDF is 0.515. My friend is listed on the policy, but
not as a household member. CDF =
0.829
Example 2, my own IDF is 0.829 and my friend's IDF is 0.515. My friend is listed on the policy as a household member. CDF =
0.750
Example 3, my own IDF is 0.829 and my friend's IDF is 0.943. My friend is listed on the policy, but
not as a household member. CDF =
0.857
EDIT: added wording and examples
Quote:
Originally Posted by Badhobz
Quote:
Originally Posted by Messerschmitt
Also, doesn't ICBC has an underinsured protection if you get hit by exactly someone like this, who is underinsured?
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correct, thats why i also load up on the underinsured protection too. Its not that much more (i think 50 bucks a year) and it tops up to 3 million in my case.
https://www.icbc.com/insurance/produ...rotection.aspx |
Yes, basic comes with $1,000,000 of UMP. Flat rate $25 for 2M, $30 for 3M, $35 for 4M, $40 for 5M.