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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 03:26, 7 October 2022
, 03:26, 7 October 2022→b) Limit on Liability
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The limit on the amount of indemnity payable is determined, by whichever of the following is lesser (''IVR'', s 169 and Schedule 10 s 5): | The limit on the amount of indemnity payable is determined, by whichever of the following is lesser (''IVR'', s 169 and Schedule 10 s 5): | ||
:(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 ==== | ||
