| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
 | 
05-10-2016, 08:16 AM
|
#1 | | Witness protection
Join Date: Apr 2001 Location: GVRD
Posts: 14,427
Thanked 5,343 Times in 2,222 Posts
| ICBC New Vehicle Replacement Plus coverage
Is anyone here using this? New Vehicle Replacement Plus coverage
Or can anyone recommend a 3rd party insurer that is better, or maybe cheaper?
The dealership I went to promotes this as an alternative to ICBC: GAP PLUS Plans British Columbia | GAP PLus- Your number one provider for vehicle replacement protection; insuring your investment is safe
Comments/recommendations?
__________________
"The guy in the CR-V meanwhile, he'll give you a haughty glare. He's responsibly trying to lessen his impact, but there you go lumbering past him with your loud V8, flouting the new reality. You may as well go do some donuts in a strawberry patch and slalom through a litter of kittens." Dan Frio, Automotive Editor, Edmunds
| 
|  | |
05-10-2016, 08:29 AM
|
#2 | | My dinner reheated before my turbo spooled
Join Date: Oct 2002 Location: vancouver
Posts: 1,765
Thanked 640 Times in 242 Posts
|
People at the dealerships get a bigger cut for selling the third party insurance. IMO its much better to pay alittle more and go with ICBC. If you do have an accident everything is in place if the vehicle hits 50% of the value. If you go with the third party insurance it can be alot of back and fourth BS.
| |
| | |
05-10-2016, 08:42 AM
|
#3 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2006 Location: Vancouver
Posts: 5,120
Thanked 2,774 Times in 1,171 Posts
|
Depends on how much you trust your third party insurance but it may be cheaper than ICBC.
__________________ Quote:
Originally Posted by HollyZ32  i look so damn white in all the pics! lol
fml | | |
| | |
05-10-2016, 09:57 AM
|
#4 | | I don't get it
Join Date: Feb 2016 Location: Richmond
Posts: 402
Thanked 66 Times in 44 Posts
| Quote:
Originally Posted by roastpuff Depends on how much you trust your third party insurance but it may be cheaper than ICBC. | +1 on this, my friend works at Benz, and has a lease with them and insurance is through a 3rd party not ICBC.
| |
| | |
05-10-2016, 11:00 AM
|
#5 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jul 2006 Location: Vancouver
Posts: 5,120
Thanked 2,774 Times in 1,171 Posts
| Quote:
Originally Posted by swiftshift +1 on this, my friend works at Benz, and has a lease with them and insurance is through a 3rd party not ICBC. | I went with DriveSure and not ICBC, it was over 40% cheaper for replacement insurance for my new truck, and way cheaper than what Allwest was offering at the dealer.
__________________ Quote:
Originally Posted by HollyZ32 i look so damn white in all the pics! lol
fml | | |
| | |
05-10-2016, 11:05 AM
|
#6 | | Zombie Mod
Join Date: Aug 2003 Location: Langley
Posts: 9,882
Thanked 5,169 Times in 1,551 Posts
|
I went 3rd party when I got my Spec V, which ended up getting totaled. I don't remember any hassle when dealing with the insurance company to cover the payout.
__________________
Romans 10:9 | |
| | |
05-10-2016, 11:08 AM
|
#7 | | Witness protection
Join Date: Apr 2001 Location: GVRD
Posts: 14,427
Thanked 5,343 Times in 2,222 Posts
| Quote:
Originally Posted by Presto I went 3rd party when I got my Spec V, which ended up getting totaled. I don't remember any hassle when dealing with the insurance company to cover the payout. | name of 3rd party?
__________________
"The guy in the CR-V meanwhile, he'll give you a haughty glare. He's responsibly trying to lessen his impact, but there you go lumbering past him with your loud V8, flouting the new reality. You may as well go do some donuts in a strawberry patch and slalom through a litter of kittens." Dan Frio, Automotive Editor, Edmunds
| |
| | |
05-10-2016, 11:13 AM
|
#8 | | Zombie Mod
Join Date: Aug 2003 Location: Langley
Posts: 9,882
Thanked 5,169 Times in 1,551 Posts
|
Sorry, I can't remember. It was more than 12 years ago 
It's whatever company Morrey Nissan was using. It may have been AllWest.
__________________
Romans 10:9 | |
| | |
05-10-2016, 01:50 PM
|
#9 | | Revscene.net has a homepage?!
Join Date: Feb 2005 Location: Vancouver
Posts: 1,296
Thanked 522 Times in 194 Posts
|
I bought a car recently and because our family's trusted insurance agent was on vacation I reluctantly used the dealership insurance agent, who happened to be from Allwest. Nice guy and all, but he said that my car was outside a certain rate class therefore I was unable to purchase the New Car Replacement coverage from ICBC. He then told me that since ICBC doesn't cover it, they can sell me GAP Plus plan. Since I planned on purchasing the ICBC one and I spend most of my time in Richmond it was a no-brainer. A few weeks later after my insurance agent came back I had him double check and sure enough it was available for my car from ICBC. Since ICBC worked out to be more expensive than the GAP Plus plan I let this issue go, or else it would've not pretty
tldr: fuck Allwest
| |
| | |
05-10-2016, 02:07 PM
|
#10 | | Witness protection
Join Date: Apr 2001 Location: GVRD
Posts: 14,427
Thanked 5,343 Times in 2,222 Posts
|
isn't ^ fraud? 
__________________
"The guy in the CR-V meanwhile, he'll give you a haughty glare. He's responsibly trying to lessen his impact, but there you go lumbering past him with your loud V8, flouting the new reality. You may as well go do some donuts in a strawberry patch and slalom through a litter of kittens." Dan Frio, Automotive Editor, Edmunds
| |
| | |
05-10-2016, 09:53 PM
|
#11 | | Revscene.net has a homepage?!
Join Date: Nov 2002 Location: Surrey
Posts: 1,256
Thanked 27 Times in 10 Posts
|
All west agents lie. Bring you own agent to the dealership when you buy a car. Tell All-west to take a hike, if they pressure you tell the dealership the deal is off.
__________________
23+ Honda Civic Type R Hatch (FL5) - O/O
22' Subaru WRX Sport Sedan (VB) - SOLD
19' Audi Q7 Technik SUV (4M) - FC
09' BMW 128I Coupe (E82) - FS
04' BMW M3 Coupe (E46) - SR
17' Acura MDX SUV (YD4) - SOLD
15' Acura RDX SUV (TB4) - SOLD
14' Acura ILX Sedan (DE1) - SOLD
04' Nissan Pathfinder LE SUV (R50) - SOLD
07 Infiniti FX35 SUV (S50) -SOLD
06' BMW 330i Sedan (E90) - SOLD
97' Acura 1.6EL Sedan (MB4) - SOLD
99' Honda Civic Hatch (EJ6) - SOLD
84' Pontiac Sunbird Coupe (J2000) - SOLD | |
| | |
05-10-2016, 09:58 PM
|
#12 | | Revscene.net has a homepage?!
Join Date: Feb 2005 Location: Vancouver
Posts: 1,296
Thanked 522 Times in 194 Posts
| Quote:
Originally Posted by thumper isn't ^ fraud? | To be honest the thought crossed my mind that I should complain to ICBC and see where that goes. However, the money for the optional coverage came out to less than the ICBC one, so that made me feel a bit better and let it go.
Not in the mood to start a shitstorm now.
| |
| | |
05-11-2016, 10:17 AM
|
#13 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: Cnd
Posts: 3,075
Thanked 296 Times in 70 Posts
|
The company we dealt with was Optiom Inc.
__________________
,___,
[O.o]....O'Rly?
/)__)
-"--"-
| |
| | |
05-11-2016, 10:37 AM
|
#14 | | Witness protection
Join Date: Apr 2001 Location: GVRD
Posts: 14,427
Thanked 5,343 Times in 2,222 Posts
| Quote:
Originally Posted by Doubl3_H The company we dealt with was Optiom Inc. | have you had to use their coverage before for an accident claim?
__________________
"The guy in the CR-V meanwhile, he'll give you a haughty glare. He's responsibly trying to lessen his impact, but there you go lumbering past him with your loud V8, flouting the new reality. You may as well go do some donuts in a strawberry patch and slalom through a litter of kittens." Dan Frio, Automotive Editor, Edmunds
| |
| | |
05-11-2016, 11:11 AM
|
#15 | | 14 dolla balla aint got nothing on me!
Join Date: Mar 2010 Location: Burnaby
Posts: 650
Thanked 488 Times in 122 Posts
|
i have Optiom as well. maybe like half a year ago I claimed some damage on my front bumper and the process was very easy and hassle free. Paid my deductible to ICBC and Optiom sent a check back to me a week later.
| |
| | |
05-13-2016, 05:05 PM
|
#16 | | retired
Join Date: Nov 2003 Location: Richmond
Posts: 3,597
Thanked 153 Times in 85 Posts
|
I've dealt with many claims for customers who had Optimum Inc/Ultima Risk Solutions. While I cant comment for their coverage for total losses (as I haven't done one before) they are good when it comes to covering for OEM parts (if you purchased that policy).
It's just a little more work for the repair shop to deal with, but it is overall headache free. They also have deductible reimbursement of up to $250. So most customers just up their collision/comp to $500 with ICBC.
| |
| | |
05-13-2016, 06:40 PM
|
#17 | | My homepage has been set to RS
Join Date: Nov 2005 Location: Usa
Posts: 2,269
Thanked 2,110 Times in 602 Posts
|
Stick with icbc for vehicle replacement, if the value of the approved repair costs =16k and actual repair costs =15,200
Their adjusters will repair the fucking car instead.
Apparently Icbc adjusters would have wrote it off. I know by recent experience 
They are very good at repairing and replacing after market parts though they didn't even ask for receipts , as long as it was on the car and damaged it was fixed /replaced
| |
| | |
05-17-2016, 09:30 PM
|
#18 | | 【=◈︿◈=】
Join Date: Aug 2006 Location: Ricemond
Posts: 4,939
Thanked 2,099 Times in 558 Posts
|
most of my customers carry either optium, ultima risk or aviva for 3rd party coverage. as truenosan said its more work for the shop, but theres really no downside for the customer
| |
| | |
05-17-2016, 10:02 PM
|
#19 | | I bringith the lowerballerith
Join Date: Feb 2013 Location: BC
Posts: 1,132
Thanked 2,708 Times in 364 Posts
|
I have optiom. Formally known as ultima risk solutions. It's 3 years OEM parts replacement and 4-5 years vehicle replacement when it's totalled
__________________
Girl, I jus' wanna watch some Bob Ross witchu | |
| | |
05-18-2016, 04:54 AM
|
#20 | | I *heart* Revscene.net very Muchie
Join Date: May 2001 Location: Vancouver
Posts: 3,920
Thanked 304 Times in 155 Posts
| Quote:
Originally Posted by Presto I went 3rd party when I got my Spec V, which ended up getting totaled. I don't remember any hassle when dealing with the insurance company to cover the payout. | I also had a Spec V totalled and purchased third party coverage from Allwest. The policy was from St. Paul. It was a good deal because they also topped up your collision deductible so you could carry a higher deductible with icbc and save $100/year on your regular insurance. After their reimbursement you were left with a $200 deductible. A win on both ends.
In my case my vehicle wasn't even technically a write off. I didn't want it back and had icbc pay me repair value plus salvage. The third party coverage paid me out anyway.
__________________ Quote:
Originally Posted by z-33 u guys are a bunch of snitches, stupid rent-a-cops. go kill yourself. | One month later: Quote:
Originally Posted by z-33 THE GUY IN THE RED SHIRT throwing the newspaper stand into the window IS INDY BHANGU FROM SURREY. | | |
| | |
09-06-2022, 05:45 PM
|
#21 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,240
Thanked 3,215 Times in 1,398 Posts
|
Bumping this thread.
What are you guys paying per month and with which broker?
I recently upgraded to the 2022 Mazda 3 GT Turbo.
For six years with Optiom, it's $3007. $2500 for the base price and $507 referral fee. Roughly $500 a year.
Total loss benefit, partial loss using OEM parts, key fob reimbursement, $500 deductible reimbursement, and rental vehicle reimbursement.
My main insurance broker doesn't dabble in third party insurance, but he said that the policy seemed a bit pricy. He told me to shop around since my Optiom is still cancellable for another two weeks.
I was previously paying about $425 on my 2019 Mazda 3 GS through ICBC for just the new vehicle replacement, so it seemed reasonable at the time given the extra features and increase of my new vehicle's value. Now I'm having doubts whether or not I'm overpaying by a bit.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | 
| | |
09-06-2022, 09:36 PM
|
#22 | | I *heart* Revscene.net very Muchie
Join Date: Apr 2014 Location: Van
Posts: 3,920
Thanked 1,719 Times in 890 Posts
|
How does this work? They give you a new car? But you can't get a new car or car parts lol
Never had the luxury of a new car  | |
| | |
09-07-2022, 05:47 AM
|
#23 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
Posts: 4,044
Thanked 4,530 Times in 1,518 Posts
|
I have Optiom. Hopefully I never have to use it because apparently it's really hard to claim and they give you the run around. And you have to buy at the same dealership that you purchased from.
Sent from my SM-G781W using Tapatalk
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
| |
| | |
09-07-2022, 12:08 PM
|
#24 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,240
Thanked 3,215 Times in 1,398 Posts
| Quote:
Originally Posted by JDMDreams How does this work? They give you a new car? But you can't get a new car or car parts lol
Never had the luxury of a new car | It's basically insurance where the company pay out the difference between what ICBC values the car at and MSRP of a current year equivalent of your vehicle.
This is the example they put in the policy notes.
You buy a New Vehicle for $60,000 from your Dealer, of which $50,000 is borrowed. You buy an OPTIOM PLUS Policy and your car is stolen one year later and not recovered. At the time your car is stolen, you still owe $45,000 to your Lender/Lessor. Your Primary Auto Insurer pays you $40,000. The MSRP Value of the Replacement Vehicle We Cover is $65,000. You will be entitled to a benefit of $25,000 comprised of a $5,000 payment to your Lender/Lessor to reduce the remaining balance and $20,000 to be applied as a credit through your Dealer towards the purchase/lease of a Replacement Vehicle We Cover. Also, if you paid a deductible to your Primary Auto Insurer we will reimburse you for this up to $500.
So the only thing that might suck is that you'll have to end up getting another vehicle from the same dealer. If you end up wanting something else I'd guess you'd have to take a hit and trade it in or something, lol. Quote:
Originally Posted by BIC_BAWS I have Optiom. Hopefully I never have to use it because apparently it's really hard to claim and they give you the run around. And you have to buy at the same dealership that you purchased from.
Sent from my SM-G781W using Tapatalk | Yeah, I've read both bad and good things about people trying to do claims. Guess it's hit or miss which person does your claims, maybe.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 12:33 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
