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Difference between revisions of "Optional ICBC Insurance (12:XI)"
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Optional ICBC Insurance (12:XI) (view source)
Revision as of 02:46, 6 August 2017
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==== b) Limit on Liability ==== | ==== b) Limit on Liability ==== | ||
The limit on the amount of indemnity payable is determined, by whichever of the following is lesser (IVR, s 169 & Schedule 10 s 5): | The limit on the amount of indemnity payable is determined, by whichever of the following is lesser (''IVR'', s 169 & Schedule 10 s 5): | ||
*a) the cost of repair of the vehicle and its equipment; | *a) the cost of repair of the vehicle and its equipment; | ||
*b) the actual cash value of the vehicle and its equipment; or | *b) the actual cash value of the vehicle and its equipment; or | ||
*c) the declared value of the vehicle and its equipment. | *c) the declared value of the vehicle and its equipment. | ||
==== c) Exclusion of Liability ==== | ==== c) Exclusion of Liability ==== | ||
