Autoplan Insurance

Insurance for leased vehicles

Customers who lease their vehicles (also known as lessees) can change and renew their Autoplan insurance. The leasing company (lessor) is the vehicle owner and is the only party that can register, sell or transfer the vehicle.

The information below applies to policies with an effective date on or after January 6, 2025. If your policy’s effective date is before January 6, 2025, the information below does not apply to you at this time; however, they will apply to policies you purchase or renew for your leased vehicle after that date.

For lessees

If you're a lessee, you're both the vehicle licence holder and the insurance policyholder. This means you are solely responsible for managing the insurance and licence for the leased vehicle.

You can:

Renew your policy yourself. If your policy is eligible, you can renew it online.
Receive refund/rebate cheques directly
Choose any broker to process insurance changes or renewals

You may also choose to provide a signed ICBC Letter of Authorization from the Lessee to the lessor for them to conduct the following transactions on your behalf:

Renewing a policy
Increasing or adding coverage at the time of renewal or during the policy term

Lessors are not permitted to make any other changes using the ICBC Letter of Authorization from the Lessee.

Questions?

Talk to your Autoplan broker.

For lessors

Lessors are the registered owner of a leased vehicle, and a leased vehicle cannot be registered, sold, or transferred by a lessee without a lessor’s authorization.

Lessors are no longer responsible for and are not authorized to conduct vehicle licence and insurance transactions. However, if lessees provide a signed ICBC Letter of Authorization , lessors can conduct the following transactions on their behalf:

Renewing a policy
Increasing or adding coverage at renewal or during the policy term

ICBC has partnered with CGI to provide exclusive access for lessors to monitor the ICBC insurance status of their leased vehicles. ICBC provides leased vehicle insurance coverage information to CGI, who then offers reporting services to subscribed lessors. Lessors may also choose to add an Autoplan broker as a user on their CGI account to access reports on their behalf.

If lessors are not subscribed to CGI’s services, lessors must contact the lessee directly to confirm vehicle coverage.

Lessors can register for CGI reporting services directly with CGI. For any questions about the reporting service, please contact CGI.

More information about leasing a vehicle

If registration changes are required, the lessor may authorize any party, such as the lessee to make the change. In this case, a letter of authorization stating that change and the vehicle information must be issued by the lessor to the lessee. As the vehicle owner, lessors are responsible for vehicle ownership transfers.

Lessors may authorize another party (such as the lessee) to sign for a vehicle sale or transfer, however, a power of attorney must be issued from the lessor to the lessee stating the authorization and vehicle information.

Lessors who wish to renew or increase insurance coverage for an uninsured or underinsured vehicle must present a signed ICBC Letter of Authorization from the Lessee (LOA) . The LOA is a fillable form available only from ICBC. The LOA will be irrevocable and valid for the duration of the lease and it must be kept by the lessor and provided to the broker at the time of any transaction for which the LOA is required.

Once a lessor obtains a signed LOA from the lessee, the lessor can use it to:

Renew an expiring or expired policy
Increase or add coverage at the time of renewal
Increase or add coverage during the term of the policy

Lessors will not be permitted to make any other changes.

The LOA cannot be used to take out a new Owner’s Certificate of Insurance and Vehicle Licence. However, if an insurance policy has been cancelled, the lessor can purchase a storage policy for the vehicle, and a LOA is not required.

Any amount payable as a result of the renewal or change in coverage must be paid in full by the lessor at the time of the transaction and any amount owing to the lessor should be discussed with the lessee. We will not collect any premium on the lessor’s behalf.

The LOA will include the following details:

The names of the lessor and lessee
Vehicle details (e.g., year, make, model, VIN)
The term length of the LOA, which will coincide with the term of the lease

The LOA will specify that the lessor:

May add or increase coverage
May not remove or decrease any coverage
May not cancel a vehicle licence or insurance policy
May not make any other changes to the policy, such as the listed drivers, rate class, territory, or address.
Will receive a copy of the Owner’s Certificate and Vehicle Licence (APV250)

Autoplan Insurance

Insurance for leased vehicles

For lessees

Questions?

For lessors

More information about leasing a vehicle

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Insurance for leased vehicles

For lessees

Questions?

For lessors

More information about leasing a vehicle

Letters of Authorization

Resources for lessors

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Letters of Authorization

Resources for lessors