I think ICBC offers a similar gap insurance for nee cars, so maybe your friend decided against it?
But I don’t know whether a payout would be that much less in BC than anywhere else. I assume the go by comparables within the vicinity of the insured person.
It wasn't a new vehicle. I think it was a 7-8 year old vehicle, low mileage/original owner. Worth maybe $15-17K but hard to replace same condition. Friends vehicle worth closer to the $17K versions on market. Friend said she got around a $10K payout after deductible so they think ICBC valued payout at around $12K.
Getting multiple bouts of hiccups daily is grinding my gears. Hoping its a by-product of surgery recovery and my body being gassy & on pain meds, but holy cripes is it annoying.
Getting multiple bouts of hiccups daily is grinding my gears. Hoping its a by-product of surgery recovery and my body being gassy & on pain meds, but holy cripes is it annoying.
Tried and true cure...or so RFK said...
__________________ The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
Is that so?? I may need to have Locke bequeath his Life Insurance beneficiary to 'Guy Incognito.'
He's a trustworthy old chap...
Yes, if you’ve had a life insurance policy for two years, they’ll cover suicide. I’ve stayed out of this, but once you’ve processed a life claim for a grieving widow or widower, you see the value of insurance.
I understand the cynicism, but insurance is enormously positive.
It wasn't a new vehicle. I think it was a 7-8 year old vehicle, low mileage/original owner. Worth maybe $15-17K but hard to replace same condition. Friends vehicle worth closer to the $17K versions on market. Friend said she got around a $10K payout after deductible so they think ICBC valued payout at around $12K.
I have never dealt with ICBC, but was your friend forced to take the offer?
Isn't there a dispute resolution process?
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
This morning I was crossing Bow Trail in the crosswalk, half was across a car turning left towards me sped into their turn to beat oncoming traffic, then they noticed me. They had to veer and come to a full stop in the middle of the intersection in order to not hit me.
Me obviously irked by their move gave them a piece of my mind.
(I’ve had numerous close calls at this intersection while crossing to get my kids to school)
The driver then had the audacity to roll down the window and give a small waive and tell me to have a good day.
#### that woman for not even being able to say sorry I almost hit you. The entire intersection (backed up in both directions) ground to halt because of her actions and she waives it off like it’s no big deal. Zero responsibility taken. Perhaps her tune would change if I ended up as a meat smear this morning.
Yes, if you’ve had a life insurance policy for two years, they’ll cover suicide. I’ve stayed out of this, but once you’ve processed a life claim for a grieving widow or widower, you see the value of insurance.
I understand the cynicism, but insurance is enormously positive.
There's no doubt it's a good thing, but there are legitimate questions about how it's administrated.
Those life insurance plans you get with your mortgage? They do post-claim underwriting, so they evaluate your health after you die. You're more likely to be denied that way.
Talk to the woman who doesn’t have a paying job but is raising three children after losing her husband. Or the family who lost their dad/husband was injured and unable to work for three years.
I tried but they were still on the phone with their insurance companies.
__________________ "It's a great day for hockey."
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"I see as much misery out of them moving to justify theirselves as them that set out to do harm." -Dr. Amos "Doc" Cochran
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There's no doubt it's a good thing, but there are legitimate questions about how it's administrated.
Those life insurance plans you get with your mortgage? They do post-claim underwriting, so they evaluate your health after you die. You're more likely to be denied that way.
I could go on but I gotta get back to work.
Mortgage life insurance is useless and should never be purchased.
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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This morning I was crossing Bow Trail in the crosswalk, half was across a car turning left towards me sped into their turn to beat oncoming traffic, then they noticed me. They had to veer and come to a full stop in the middle of the intersection in order to not hit me.
Me obviously irked by their move gave them a piece of my mind.
(I’ve had numerous close calls at this intersection while crossing to get my kids to school)
The driver then had the audacity to roll down the window and give a small waive and tell me to have a good day.
#### that woman for not even being able to say sorry I almost hit you. The entire intersection (backed up in both directions) ground to halt because of her actions and she waives it off like it’s no big deal. Zero responsibility taken. Perhaps her tune would change if I ended up as a meat smear this morning.
This morning I was crossing Bow Trail in the crosswalk, half was across a car turning left towards me sped into their turn to beat oncoming traffic, then they noticed me. They had to veer and come to a full stop in the middle of the intersection in order to not hit me.
Me obviously irked by their move gave them a piece of my mind.
(I’ve had numerous close calls at this intersection while crossing to get my kids to school)
The driver then had the audacity to roll down the window and give a small waive and tell me to have a good day.
#### that woman for not even being able to say sorry I almost hit you. The entire intersection (backed up in both directions) ground to halt because of her actions and she waives it off like it’s no big deal. Zero responsibility taken. Perhaps her tune would change if I ended up as a meat smear this morning.
Sounds like you better check the fine print on your life insurance.
I have never dealt with ICBC, but was your friend forced to take the offer?
Isn't there a dispute resolution process?
Yes. Basically forced to take offer.
She said they got the proposed payout number quickly and spent 2-3 months with someone close to them who is a lawyer by trade, to negotiate/dispute the number with different supporting documentation/reasoning etc. They said they made more than half a dozen attempts at "negotiations". ICBC would say a ton of meaningless stuff to pretend they weren't stonewalling, but didn't budge once from that number.
I believe she said their last attempts were to simply ask ICBC if they'd bump up the payout by $1,000 and then $500. ICBC still said no and stuck with the original number.
EDIT: I think she said that because we had AB plates/insurance, if I got into a collision there, they'd probably pay us full value without much argument. But because she's a BC resident, she believed that ICBC was more likely to roll over on them if any claims were made. We were ranting about our insurance woes and in the end, I basically ceded that she won (lost?) by a significant margin.
I mean it makes a bit of sense. ICBC basically represents both sides in BC in almost all cases for vehicle insurance claims there. It's kind of a conflict of interest. By just declaring no fault and doing partial payouts, they save money administratively and lower payouts. This protects them from overly massive payouts which some private insurance companies complain about at times.
