Defender Insurance Question

[Sleddr]

I am in the process of insuring a new to Canada (and BC) Defender and was wondering if anyone had suggestions for insurance? I have heard that ICBC doesn't necessarily value a 15 year old Defender the same as the market does so I'm wondering if they are the best option or if private insurance is better.

Thanks

[radio_05]

Many people seem to carry around more insurance than they need. Deductibles set low, autoglass coverage, some people even have pet insurance now.

I don't know what you paid for this new Defender, but I usually carry only PL&PD insurance on my vehicles, unless they are new or leased.

The chances of me being at fault on a major accident that I can walk away from is minimal. Anything minor that I could repair on a Defender would be easy and affordable. I'd do the work myself too on a Defender, so what am I insuring against?

I think somewhere like Hagarty might cover your vehicle, but usually you'll need an appraisal first, same as a regular used vehicle with comprehensive.

[obalme]

When you go to your ICBC broker, you can declare a value for you vehicle.
I also carry a high collision deductible ($1000), because if you are going to claim, it should be only on an expensive repair.

You can get away with not having enough insurance, but the day you go to make a claim it is nice to know that you will get paid out properly.

My 2 cents, Oliver

[radio_05]

Of concern as well is how you structure the insurance. A few years ago, I was cutoff by a left turning vehicle in my F-150, destroying the front end of it. Their insurance paid off that F-150, the insurance company now owned it, towed it away, and sold it at auction to recover some costs.

The same incident with a Defender would have resulted in either a good or bad payout, a salvage title, and a likely REPAIRABLE, well maintained landrover being towed away out of my hands. Frames and fenders can be replaced, you know. Bodyshop labour and new parts quickly makes body damage a total loss nowdays.

I would enquire with a company like Haggarty on providing you insurance with terms you can accept. I expect the guys driving their antique corvettes and convertibles don't walk away from their vehicles after a fender bender, even if deemed a total loss.

Good luck.

[BlkP38]

This is an interesting subject.
I have heard that a declared value means nothing to ICBC unless accompanied by an approved appraisal.
But have also heard that ICBC take no notice of appraised values, although some owners send a copy of their appraisal each year so it is on record even though ICBC does not respond or confirm agreed value.
You could be driving, for example a pristine XJ6, on collector plates and if a total loss you may only receive 3 to 4 K. Maybe that’s one reason “collector” insurance is so cheap. They just go by regular resale value.
If anyone knows the facts it would be good to know. Or specifically anyone that has had a total loss of an average off-road condition 90 or 110.
Eric.