STOLEN: US Cargo 20-foot car trailer on or about January 5th from Baycrest Ave. – Coquitlam. Beige with light and dark blue beltline stripes. Says Bruce Trailers – Peterborough on left rear side. License 942052. Please contact Coquitlam RCMP (604) 945-1550
These questions were responded to by a qualified ICBC representative.
ICBC collector vehicles program questions:
- ICBC Autoplan Insurance brochure (Sept.11, 2016) Part 9, refers specifically to “vehicles such as trailers,… motorcycles,…modified and modified collector vehicles” with regards to declaring their value. When the declared value of these vehicles are too low a co-insurance clause then applies per ICBC Autoplan Optional Policy brochure (June 2007) Division 5-Part 2A.
Are vintage vehicles, including motorcycles, that are insured under APV44, which requires a stated value, subject to this co-insurance clause?
For policies issued with an effective date of March 26th 2017 and newer the APV44 is no longer a stated value. The policy is now based on a declared value basis. Policies issued prior to March 26th 2017 were based on a stated value basis. The stated value was not subject to the coinsurance clause.
As a number of vintage and collector vehicles are now trailered, what are the implications of a claim that may arise out of an incident when the trailer may not be adequately insured and is subject to the co-insured clause?
The insurance or declared value for the trailer is not factored into a loss to the vehicle that is being trailered. The vehicle’s own insurance, if purchased, would respond to cover the vehicle’s loss.
- ICBC Autoplan Optional Policy brochure (June 2007) Division 5-Part 2A, Section 5.10 (b) (iii) excludes rate class 701 & 705 from declaration of value.
Section 5.10(b) (iii) is the co-insurance clause that applies to partial losses only. This clause does not apply to modified collector vehicles insured in collector rate classes. What this means is a partial loss on a modified collector vehicle is covered without reference to co-insurance. However, at the same time if the modified collector vehicle is insured for less than its market value the maximum payable is the declared value.
While the non-modified collector vehicle owners are exempt from having to declare their vehicle’s value, are the modified collector vehicle owners in this rate class always required to do so?
As non-modified collector vehicles in rate class 701 & 705 are subject to current market valuation in the event of loss, could a modified collector vehicle without a declared value be subject to the co-insurance clause in the event of a claim?
Modified collector vehicles always require a declared value. Regular collector vehicles are insured on a different basis from modified collector vehicles. The value of modified collector vehicles cannot be determined based on the average value of a typical stock vehicle, due to the potential significant value of the vehicle’s additional equipment and modifications. We therefore require that a modified collector vehicle owner declare its value to ensure adequate coverage for the vehicle inclusive of modifications.
Of note: vehicle modifications must be declared to ICBC, whether or not the vehicle is insured in the modified collector program. This is a requirement of Sec. 15 of the Motor Vehicle Act and furthermore, the owner benefits from then being able to insure their vehicle on a declared value basis. Rate group vehicles, per Sec. 5.11(b) (iv) are limited to maximum of $5000 in permanently attached equipment. Declared value vehicles have no such limit, provided that the declared value of the vehicle takes modifications into account.
- ICBC Optional Policy brochure (June 2007) is currently referenced on the ICBC website. However, the Collector Motor Vehicle Agreed Value Policy (APV348) in Division 9 was eliminated on January 1, 2014. Are there other areas of this brochure that have been eliminated or revised that may affect vintage and collector vehicles with regard to the questions above?
Vintage vehicles are now insured based on a declared value rather than a stated value.
- Under the FAQs for collector and vintage vehicles on the ICBC website, in some instances a collector vehicle can be registered when undergoing restoration. What methods of establishing a declared value on such a vehicle would be acceptable to ICBC?
Registration, for a vehicle undergoing restoration, is a separate process from insurance. There are restrictions on what insurance can apply to vehicles undergoing restoration.
A vehicle undergoing restoration that is approved for registration will be limited to the following, until they are approved for licensing:
- One-day Temporary Operation Permits (TOP) for inspection or repair purposes
- Storage Policy (available for complete vehicles only – all parts, all from the same manufacturer).
If the customer wishes to insure a vehicle that is under restoration. The vehicle will be insured using rate groups and not a declared value.
Note: ICBC does not have a specialized policy for these kinds of risks.
- If a collector vehicle does not qualify for coverage under the previous item 4, it is usually insured under a standard policy. The actual value of such a vehicle may be significantly higher than the market value of an unrestored vehicle of the same year. Is a declared value rider available under a standard insurance policy through ICBC?
No, as above we do not have a specialized policy for these risks.
- What criteria does ICBC use to establish the market value of a collector vehicle when there are limited comparison vehicles with which to arrive at a suitable declared value initially, and how would this affect the co-insured clause in the event of a claim?
ICBC’s estimators have procedures in place to determine the ACV of customers’ vehicles. This procedure includes reviewing all the customers supporting documentation as well as, conducting detailed online research using industry standard resources.
- obtain all available information on the vehicle condition and servicing from the owner:
o service record if owner maintained o servicing and part replacement supported by invoices
o if the vehicle has been restored, pictures showing each stage of the restoration, and
o in the case of a total theft, dated pictures showing the recent condition of the vehicle.
- Seek an advertised value or market value for the type of vehicle from the following sources:
o Hemmings Motor News
o Old Car Price Guide
o National Old Car Auto Trader, and
o Ultimate Collector Car Price Guide.
- Contact Autosource Specialty Services to assist in determining the ACV.
- A specialty appraiser may be consulted if the loss involves a modified collector vehicle. The co-insurance clause for declared value vehicles does not apply to vehicles insured in collector rate classes.
- Is there a list of vehicle appraisers that are acceptable to ICBC for the purpose of establishing a declared value that would not be subject to dispute in the event a declared value disagrees with the market valuation of a claim?
No. ICBC provides indemnity on the basis of actual cash value. The value of a modified collector vehicle may change over time and the owner must ensure the declared value remains accurate. ICBC will carefully evaluate the value of a vehicle in the event of a loss, but it is also in the owner’s own interest to ensure they have documentation that reflects the current value of their vehicle and that value is appropriately declared.
- Are valuation tools based on actual market activity, such as on the Hagerty or NADA websites, acceptable to ICBC when establishing a declared value for a collector vehicle, and would they be referenced in the event of a claim?
It is the responsibility of the vehicle owner to accurately declare the value of their vehicle. ICBC references industry standard resources and has specialty vehicle estimators to determine ACV in the event of a loss.
- Many brokers are unfamiliar with the details of the collector vehicles program, particularly the subject of declared value. Would it be possible to clarify some of the above issues in a brochure or on the ICBC website?
There is some information on declared value in the ICBC Autoplan Insurance guide on ICBC.com
We definitely do not want this to spill over to other Provinces. Please be vigilant!
The NAACC and the SVA-O along with other groups are requesting that the Ontario Government reconsider mandating higher ethanol fuel content. It should also be noted that SEMA is on board as well. This is a major lobby and requires close attention. Please take the time to read the ‘attachment’ above so you are informed.
NAACC President & CEO
Ontarians will pay hundreds of millions of dollars for pointless new fuel standards
Ross McKitrick and Douglas Auld: Ontario has jettisoned any pretense of economic logic in its climate policy mix
December 20, 2017 7:30 AM EST
Ontario has announced plans to double the required content of ethanol in our gasoline, from five per cent to 10 per cent. This regrettable decision will have harmful effects on everyone. It will worsen the mileage of gasoline, raise food and fuel costs and yield minuscule environmental gains at best.
Ratcheting up the ethanol mandate also defeats the purpose of Ontario’s new cap-and-trade system. The logic of carbon pricing through permit trading is that it leads the market to identify and implement the lowest-cost ways of reducing greenhouse gas (GHG) emissions. If ethanol blending was cost-effective then, under cap and trade, fuel producers would do it automatically. The fact that they have to be coerced means it fails a cost-benefit test, making it precisely the kind of inefficient option the trading system is supposed to guard against. Forcing firms to do it anyway means Ontario has jettisoned any pretense of economic logic in its climate policy mix.
In earlier research we found that ethanol-subsidy programs during the 2008–12 interval cost Canadians over three dollars for every one dollar in social and environmental benefits achieved. The overt subsidy programs have largely been scaled back, but the blending mandates amount to a hidden subsidy, where the costs are transferred away from taxpayers onto industry and consumers.
It is highly misleading for the province to promote its policy as being equivalent to “taking up to 130,000 cars off the road.” Such statements only remind us how clean our cars have become. The policy itself yields tiny overall emission reductions, but since modern cars are so clean and efficient that translates into a lot of vehicles as an equivalent. By way of illustration, it would translate into taking an infinite number of bicycles off the road, since they emit nothing at all, but that is an equally uninformative comparison.
This regrettable decision will have harmful effects on everyone
The fact that modern cars are so clean actually signals how little an ethanol mandate will accomplish. It was shown over a decade ago that ethanol blending did nothing to reduce tailpipe emissions of carbon monoxide and hydrocarbons from cars built after 1988.
The only environmental benefit that proponents can point to is a potential reduction in greenhouse gas (GHG) emissions. We say “potential” because corn-growing and ethanol manufacturing both take energy, and on a life-cycle basis, ethanol GHGs can be higher than those from regular fuels, particularly in the U.S. where electricity production is still coal-intensive. Even assuming we get a net reduction in GHG emissions per litre from domestic production, the need for the mandate in the presence of carbon pricing shows that it is not enough to justify the additional manufacturing costs.
On the consumption side, ethanol producers claim that their product cuts GHG emissions by 62 per cent compared to gasoline. This is an almost impossible optimistic upper bound based on, among other things, using 100-per-cent ethanol. By contrast, Natural Resources Canada (NRCan) says a 10-per-cent corn-ethanol blend only cuts GHG emissions by three to four per cent.
Also according to NRCan, burning a litre of gasoline releases about 2.3 kilograms of carbon dioxide. A four-per-cent reduction is 0.09 kilogram per litre (0.00009 tonnes). At a value of $20 per tonne of carbon ($5.45 per tonne of carbon dioxide), the current social benefit of the emission reduction works out to five one-hundredths of a cent per litre.
$8 million is the number that needs to be compared against the costs of increased fuel and food prices
Car Enthusiasts of BC
The SVABC supports the NAACC’s opposition to Ontario’s plan or a any Federal plan to increase the ethanol rate to more then the existing 5%.
-I just had my 67 GTX 440 car stolen from storage in Langley on Friday, Dec 22nd.-No motor or tranny.-Grill, bumpers and tail lights are not installed.-Interior is out, but it’s a roller.-Steering column/wheel and dash are in.-All glass is in.-Fresh red paint.-It’s a manual steering, non-power drum brake car.-Distinguishing features…slight paint blemish about 3-4” diameter on top of drivers quarter just behind rear side window.-Also, I believe there was a bit of metal repaired on drivers side front of frame…behind firewall.-Police file # 2017-47389-Sincere thanks for this…this is why the car community is so great…so many helpful people!-Reward for return of car or any parts.-Cheers,–Greg Reamsbotto-604.938.3552
Colin’s pristine ’56 Chev convert red, white with a BLACK top was stolen last night. If seen call him at 604-535-4886 or south surrey RCMP. Thanks. )
Pictures on Face Book go to links and click on SVABC Face Book
Sorry Can’t post the pictures on this page.
VCCC Collector Car Appreciation Month event pic’s
Here is a direct link to that album which is contained in our Chapter website. The album
contains nine sub albums with a few pictures of the events referred to in the write up
contained in the main link. Events range from a seniors picnic in Stanley Park to
cruise-in evenings to full day car show and shines, so a good variety is documented.
Please click on these links to access the information about Modified Collector Declared Value Insurance and much more.
Collector Car Appreciation Day (CCAD)
It is about the people, car enthusiasts and what they give back to the community.
Collector Car Appreciation Day” which serves to raise awareness of the vital role automotive restoration and collection plays in North American Society. In the previous seven years, thousands of enthusiasts in the U.S and Canada have gathered at car cruises, parades and other events to celebrate our nation’s automotive heritage. By taking part in these events around the country, these automotive enthusiasts and related businesses have ensured that their passion was honored and recognized.
CCAD celebrations, at this time many are not reported, however they are happening all over the Province and will be added when reported.
For more info or to add your event please contact; Bob Kelly
E mail email@example.com
July 2 West Kelowna
Westside Daze Car Show. Sunday 10:00—4:00
Good variety and on the grass.
Leave Mac’s Petro Can Summerland 8:30
July 6 Thursday, Summerland DQ Cruise In 6:00 – 8:00
Get your favourite ride shined up and let’s make this a great evening with friends. Everyone welcome.
Oh yes cake
July 7th Friday, Perch Pub Summerland 11:00 — 1:00 lunch
Hey come join us for lunch in celebration of the Hobby. This is great place to eat and to get together with friends, everyone welcome.
Hey Rodtiques, consider this a re union.
July 2nd Victoria
Century Toppers Rod and Custom Car Club will kick of the CCAD month with a Poker Run, BBQ Picnic and Show n Shine. The event will take place at Victoria’s Gyro Park at Cadboro Bay Beach. The poker run is winner takes all and all the proceeds of the BBQ will go to charity. Last years event raised $500.00 that was donated to the Cops for Cancer fund here on Vancouver Island. We presented the cheque at last years Torque Masters Auto Extravaganza car show in Sidney B. C.
July 8th Victoria area
Island Vintage T Bird Club
At the Cruise ship terminal, will be our Collector Car Appreciation Day celebration. There is a cruise in every Saturday evening from May to September. The Port Authority ropes off part of the parking lot and around 200 collector cars are there every Saturday – great time and there are always at least two cruise ships in and sometimes four.
IVTC Picnic on July16th and we shall be going to Enrico Winery for a BBQ and a pleasant afternoon. This year we have opened it up to friends and family and the MG club.
July 2th Duncan
Studebaker Drivers Club
Show n Shine
July 8 Abbotsford Mill Lake Car Show
Awesome Show, come see the best of the best
Most importantly come visit with your car friends and meet new people.
Meet Gordon representing the SVABC
July 8th Oliver Twist Cruise In…Saturday 12:00—5:00
Great free Car Show, food vendors, music and of course wine tasting.
Seating on grass area under the trees, bring chairs.
Trophies and prizes.
July 8th Princeton Show n Shine
Car Show and fund Raiser for Hospital.
Plenty of door prizes and a 50/50
After car show drag racing on Saturday at 3:00 and on Sunday
July 07-09 Mile Zero Cruise In Dawson Creek
Awesome show out of this world prizes, engine, tranny, and more.
Attracts Cars from all over BC and Alberta. 200+
More info www.milezerocruisers.com
July 8 Cranbrook
Rockin’ n the Rockies Car Club, “Collector Car Appreciation Day and Month” Saturday, July 8, 2017.
With a tour of the four Senior and Long-Term Care facilities in the Cranbrook and Kimberley area.
We visit with the seniors, some like to sit in the cars and remember Special Times. It’s a Very Special Day for ALL. The night before Fri July 7 we gather for a Club BBQ
July 9 Langley A & W
Harold Wellenbrink and friends will be celebrating in the morning, brecky.
Always a great time.
July 12 South O K Cruise. This is a Wednesday
10:00 Lv Mac’s Petro Can in Summerland
10:15 Lv Moduline in Penticton
10:25 Kaleden Scales Southern people to join in just around corner on 3A or at top of hill
Zacks Town Traders Olalla stop n shop
11:30—1:15 Keremeos, City Park, show n shine, visit, lunch stop.
Food Bank Fund Raiser, PLEASE BRING FOOD BANK DONATIONS, even Mac n Cheese or you can donate cash.
Credit Union will be selling water as a fundraiser for the local food bank.
Osoyoos Garage tour
Oliver Cider and Wine stop.
Wrap up. cruise
You can join in for the complete cruise or a part of it. Lets all get our favourite ride out and make it a great day.
Join in and enjoy the day.
Please bring chairs & food bank donations
July 19 Wednesday Mc Curdy Corner Cruise In
South Okanagan Cruise to Mc Curdy celebrate CCAD and support their Charity.
3:30 Lv Mac’s Petro Can Summerland
July 16-17th 100 Mile House Car Show
Great show on the grass, awesome machines
A BCHRA event
July 22 Chrome On The Grass Kamloops
Prince Charles Park, gates open at 8:30
Great show on the grass for a worthy cause, proceeds go to the Hospital Children’s ward.
July 23 Merritt Show N Shine
Park next to RCMP Building
Car s from all over including Langley
Excellent selection of cars, trucks and door prizes
Fenderless on British Columbia Roads
An update from the Fender less Steering Committee – May l, 2017
Since our last communique, we have continued ongoing discussion with staff of the Ministry of Transportation and Infrastructure, including the Commercial Vehicle Safety & Enforcement Branch, and Insurance Corporation of British Columbia.
The Manager of Policy Development for the Ministry of Transportation has completed a review of the requirement within the revised Motor Vehicle Act that fender less cars be registered into the Collector Plate Program with Insurance Corporation of British Columbia and Commercial Vehicle Safety and Enforcement. All agree with the position put forth by the Fender less Steering Committee that this requirement is restrictive, unnecessary and therefore is to be removed.
The process is for an amendment to be drafted by the Manager of Policy Development, forwarded to the Fender less Steering Committee for review, then sent to the Executive Branch for approval following which it will be signed by the Minister of Transportation.
Given the provincial election, the amendment will be signed by the Minister of Transportation of the new government. We expect the timeline for completion to be September.
More to come.
Dan London, for
The Fenderless Steering Committee:
Jim winter, Rick Ross, Dan London, Art Brumpton, Keith Biddlecombe Tel. 604.818.8162
Collector Motor Vehicle Program Expansion UPDATE
Updated information regarding weigh slip requirements
All replica vehicles require a weigh scale certificate as part the BC Assigned VIN requirement (Application of BC Assigned VIN MV1325 form) with the exception of imported vehicles which already have an assigned VINS from another jurisdiction.
Modified vehicles require a weigh scale certificate if the modifications alter the net vehicle weight. Motor Vehicle Act s. 3(7) that requires ICBC to be satisfied that a description of the vehicle is provided for the purpose of vehicle registration, licensing and insurance fees/premiums. Due to fee Regulations being structured into weight categories, sometimes a small change in net vehicle weight will require ICBC to charge a different licence fee. A person making the modifications is responsible for the determination of if the modifications alter the net vehicle weight.
The net vehicle weight is that of an empty vehicle except for the maximum capacity of fuel, oil and coolant necessary for its operation (per MVAR s. Div. 1).
For Imported Vehicles in Restoration, a weigh scale certificate is not required to register a vehicle in restoration (MV1458 – Registration Application for Vehicles in Restoration) but is required when applying to license an imported or out of province vehicle in restoration once the vehicle is completed (MV1459 – Application for Verification of Description of Completed Vehicle).
Below is a recap of the changes to the Collector Motor Vehicle Program as previously discussed if of any assistance with communications and/or answering any questions.
· BC’s Collector Vehicle Program has expanded to include modified vehicles from 1974 or earlier, from the current 1958 cut-off year and now includes replica vehicles that resemble production vehicles manufactured in or prior to 1942.
· The Application for Modified Collector Motor Vehicle Program (MV1426) has been updated to recognize the eligibility of modified vehicles with the model year of 1974 or earlier.
· A new form, Application for Replica/Constructed Collector Motor Vehicle Program (MV1427), was created for replica vehicles that resemble 1942 or earlier vehicle models. Eligible vehicles will now be registered according to the make and model year they are built to resemble.
· ICBC began accepting collector vehicle applications on March 30th. If a vehicle is approved, collector plates will be sent to brokers after the program changes take effect on June 30, 2017.
· Brokers can check the status (received, approved or rejected) of a collector plate application by checking notes in ICBC’s new insurance sales system.
· Customers should please ensure their vehicle meets all the eligibility criteria before applying and that their application is completed in full. Incomplete applications will be rejected.
· Customers can visit ICBC’s collector and modified vehicles page for more information or contact ICBC’s Collector Vehicle Department at 604-661-2756.
All BC registered replica vehicles including replica vehicles on regular (non-collector) plates will be registered as they resemble. These changes will take place as soon as possible after June 30, 2017. ICBC will be sending letters to vehicle owners regarding this change and providing information on eligibility and the process for changing their vehicle registration.
All Modified and Replica applications require a current weigh slip.