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Difference between revisions of "ICBC and Basic Coverage (12:III)"
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ICBC and Basic Coverage (12:III) (view source)
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This third party liability coverage, included as part of basic mandatory vehicle coverage, provides indemnity for this sort of property damage, as well as for injury or death that occurs in other jurisdictions in Canada or the United States, with certain specified exceptions (''IVR'', s 64). This indemnity for basic third party liability is capped at $200,000 for most vehicles, with higher limits for buses, taxis and limousines (''IVR'', Schedule 3, s 1(1.1)). | This third party liability coverage, included as part of basic mandatory vehicle coverage, provides indemnity for this sort of property damage, as well as for injury or death that occurs in other jurisdictions in Canada or the United States, with certain specified exceptions (''IVR'', s 64). This indemnity for basic third party liability is capped at $200,000 for most vehicles, with higher limits for buses, taxis and limousines (''IVR'', Schedule 3, s 1(1.1)). | ||
===D. Uninsured Motorists === | |||
This portion of basic coverage covers non-vehicle property damage caused to the insured’s property by an uninsured (identified) motorist, in British Columbia (''IVA'', s 20). This insurance is capped at $200,000 (''IVR'', Schedule 3, s 9(1)). | |||
ICBC will not indemnify the claimant for amounts that the claimant can claim through, “any benefit, compensation similar to benefits, right to indemnity or claim to indemnity” that the claimant is entitled to (''IVR'', s 106(1)). This includes benefits such as those available under the ''Workers Compensation Act'' and the ''Employment Insurance Act''. | |||
The process for claiming under this section remains the same as under the old ICBC system, and involves the insured claimant applying to ICBC. Once this claim is sent, ICBC has the ability to settle in favour of the claimant or to require the claimant to take legal action (''IVA'', s 20(5)). See [[ICBC and Compulsory Coverage (12:X)|Part II, Section IX.D.i:]] of this manual (Uninsured Motorists or Unidentified Motorist Cases) for technical information on ICBC’s rights and obligations in this process. | |||
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