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Originally Posted by undercoverbrother
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Yeah, I don't know why ICBC wouldn't budge. A family member is a lawyer, so they ran it through him to ask if they were doing anything wrong, which he didn't feel like they were. Stonewalling even a $500 increase in payout is just strange and bizarre.
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Originally Posted by opendoor
That's not really how it works. There's nothing inherent about no-fault insurance that leads to lower vehicle valuations. And in fact, in my one experience with ICBC writing off a car, they actually paid higher than what I thought the market value was.
Injury payouts are much lower than before, and in extreme cases with life-altering injuries, that can be a pretty terrible situation. But the system before was kind of ridiculous. My wife and I got rear ended years ago; it was a pretty low speed collision without a ton of damage, but we did have minor neck/back injuries that needed physio to resolve. But because ICBC was paranoid about us dragging it out and getting a lawyer, they just started throwing offers at us and we eventually settled for about $40K combined for what were ultimately relatively minor injuries. I wasn't about to turn down the money, but that's a pretty ridiculous system.
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Yes, that was a bit of lazy speculation on my behalf. My bad.
How far back was your experience? My friend went through this last year. I think she did say that she knew that further back, the payout negotiation and experience wasn't as arduous as their recent experience. They did wonder if it was a more recent thing that ICBC was doing and changing or if maybe because their other vehicles are considered higher risk, maybe that affected the payout... although theoretically the other vehicles shouldn't affect it, so the former makes more sense.
Now that you mentioned it, I think she said that ICBC didn't fight on injuries/rehab, but she barely needed to use it/she'd need to prove she used it to get the reimbursement (which she didn't need).
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Originally Posted by indes
That's a ####ty deal. I had ICBC for 12 years and never had an issue. I had one major accident with substantial damage to my truck - they paid for the tow, the work to fix it, rental car all without any participation from my end.
I mean even if ICBC paid out 10k less per vehicle you would break even in 5 years with our absurd insurance rates. That is the real insanity.
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If you don't mind me asking, how long ago was this? My friend's situation was last year and they were thinking it was a more recent change in the last few years. Prior to my friend's experience, I and my friend had never heard of anything ICBC related that was much worse than what we deal with here in Alberta.
The vehicle could be driven away so no tow/rental needed. I think prior to the payout offer, they even sorta believed there was a long shot chance that because the police allowed her to drive home, the extensive damage to the car was possibly repairable. IIRC, she said initial offer was payout only and they had to ask for the estimate if they got a payout less salvage. Salvage number was also bizarre once ICBC finally gave it. Something like payout reduced down to $1500 if they kept the car and for sure $1500 wasn't repairing the vehicle to a drivable state.
