Understanding the ICBC Form MV1425E: Adding a Related Individual as Owner to a Collector Motor Vehicle
If you are a collector vehicle owner registered with the Insurance Corporation of British Columbia (ICBC), you might need to add a related individual as an owner to your vehicle. The official form MV1425E is designed specifically for this purpose. This article provides a comprehensive guide on how to complete this form, who should fill it out, and the key requirements to ensure a smooth application process.
Purpose of the Form MV1425E
The primary purpose of the MV1425E form is to formally add a related individual as an owner to an already approved and actively licensed collector motor vehicle. This process allows the current owner to include a family member or other related person in the vehicle's ownership, which can be necessary for estate planning, shared ownership, or other personal reasons.
It is important to note that only the individual initially approved for the collector program can add a related individual to the vehicle’s ownership. If there have been any modifications or changes to the vehicle since its original approval, a new application to the collector program may be required prior to adding a related owner.
Who Should Fill Out the Form?
This form must be completed by the current registered owner of the collector vehicle who wishes to add a related individual as an owner. Each related individual to be added must submit a separate application. The current owner is responsible for submitting all applications together if multiple related individuals are being added at the same time.
How to Fill Out the MV1425E Form
Step 1: Vehicle Details
- Registration Number: The license plate number of the vehicle.
- Model Year, Make, and Model: Basic identification details of the vehicle.
- Body Style and Vehicle Identification Number (VIN): Specifics to confirm the vehicle's identity.
Step 2: Vehicle Condition and Equipment
The vehicle must meet all condition requirements to qualify for the collector program:
- The exterior and interior are in excellent, original, or restored condition without dents, rust, or damage.
- All repairs are completed professionally, and the vehicle has no performance enhancements or aftermarket modifications that are not era-correct.
- The vehicle has no stickers or advertising, except for dealer or factory decals or club affiliations.
- Photographs submitted previously are still accurate representations of the vehicle’s current condition.
Step 3: Vehicle Use Declaration
The vehicle must be used solely for pleasure purposes. It cannot be used for commuting to work, school, or any commercial activity. The applicant confirms that the vehicle will not be used for business or transportation purposes at any time.
Step 4: Personal Information
Provide details of the current registered owner and the new individual to be added:
| Current Owner | New Owner to be Added |
|---|---|
| Name: (surname(s) followed by given name) Address: (full address) City/Town: Province: Postal Code: Contact Phone: Email: | Name: (surname(s) followed by given name) Address: (full address) City/Town: Province: Postal Code: Contact Phone: Email: |
Step 5: Broker Information
Indicate the Autoplan broker handling your insurance and where you wish to pick up your plates:
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- Broker ID Number: The unique identifier for your broker.
- Business Name: Name of the broker’s office.
- Contact Name and Phone Number: For communication purposes.
Important Considerations and Submission Details
Once completed, the form must be submitted to:
Collector Vehicles Room 235 – 151 W. Esplanade North Vancouver, BC V7M 3H9 Telephone: 604-661-2756 Toll-Free: 1-844-904-8213 Email: [email protected]
Additional fees may apply for adding a related individual, especially if multiple owners are added simultaneously. These fees are associated with the transfer of ownership or policy adjustments and are payable at the time of submission.
Common Mistakes to Avoid
- Failing to include all required vehicle details accurately.
- Submitting incomplete or unsigned forms.
- Not providing proof that the vehicle meets all condition requirements.
- Applying if the vehicle has undergone modifications since its original approval without reapplying to the collector program.
By carefully completing the MV1425E form and ensuring all conditions are met, you can successfully add a related individual as an owner to your collector motor vehicle, maintaining compliance with ICBC regulations and preserving the vehicle’s collector status.