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Difference between revisions of "Introduction to ICBC Automobile Insurance (12:I)"
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Introduction to ICBC Automobile Insurance (12:I) (view source)
Revision as of 20:11, 6 October 2022
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The new no-fault system means that insured parties will file a claim directly with ICBC in the vast majority of cases, and will be compensated for injuries directly by the insurer, regardless of whether or not they were at fault. ICBC will still internally assign fault to the parties when assessing claims in order to determine changes to premiums, but fault will not need to be shown to access injury compensation. | The new no-fault system means that insured parties will file a claim directly with ICBC in the vast majority of cases, and will be compensated for injuries directly by the insurer, regardless of whether or not they were at fault. ICBC will still internally assign fault to the parties when assessing claims in order to determine changes to premiums, but fault will not need to be shown to access injury compensation. | ||
'''''All claims for accidents occurring on or after May 1, 2021 are subject to this new no-fault system''''', known as Enhanced Care. '' | '''''All claims for accidents occurring on or after May 1, 2021 are subject to this new no-fault system''''', known as Enhanced Care. ''Parts III - VII of this chapter'' outlines benefits under this new system. However, because this chapter was written in June of 2022 (shortly after the introduction of the Enhanced Care system), ''please be aware that ICBC may make changes and clarifications to the system as they roll it out that are not reflected in this manual.'' | ||
The new Enhanced Care system '''''does not apply to claims for accidents that occurred on or before April 30, 2021.''''' For claims that occurred before this date, please see ''Parts VIII onwards of this chapter'', which outlines the former system as it existed prior to the introduction of Enhanced Care. | |||
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