What is the limit of third-party liability coverage provided by Basic Autoplan for private passenger vehicles?

The limit of third-party liability coverage provided by the Basic Autoplan for private passenger vehicles is indeed set at $200,000. This amount represents the minimum level of coverage that must be maintained to protect individuals from financial loss due to an accident for which they are legally liable to other parties. In British Columbia, this coverage ensures that if an insured individual causes injury or property damage to a third party while driving, there will be a financial resource available up to the specified limit to cover those costs.

This limit is designed to provide a baseline level of protection, however, drivers in British Columbia often opt to purchase additional coverage to enhance their protection levels. Although other coverages and higher liability limits exist in the marketplace, the Basic Autoplan remains foundational in the compulsory insurance framework in the province.