ICBC Insures Vehicle Wraps as Equipment
Effective July 9, 2014, ICBC will provide own damage coverage for some vehicle wraps that require a tool, such as a heating gun, to be removed. (Vehicle wraps are most commonly seen as advertising on vehicles using custom graphics and business signage.) Wraps or coverings of a temporary nature, not requiring a tool for removal, are not considered permanently attached equipment of a vehicle.
Wraps on rate group vehicles are subject to the $5,000 limit for all permanently attached equipment (not available from the vehicle manufacturer). For declared value vehicles, the declared value should reflect the actual cash value of the vehicle inclusive of all permanently attached equipment.
For more information on on this change, contact your HUB International Insurance broker.
Tia Chisholm, HUB International TRANSPORTATION
HUB International TRANSPORTATION specialists are based in Vancouver. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serve you best. With HUB, you can run your business knowing that you are headed in the right direction.