Significant changes are coming to the Insurance Corporation of British Columbia (ICBC) to tackle a growing deficit of more than $1-billion. The shift is almost entirely due to higher claims costs. ICBC paid $3-billion to settle claims last year and, in the first nine months of this fiscal year, has paid out $4.25-billion. Under the current system, an average minor injury claim costs $30,038, of which $16,500 is paid for pain and suffering, $7,500 for medical care and $6,038 for legal costs.
Parking lot accidents and other small fender benders happen fairly frequently. They are nothing to be ashamed of. When people get automobile collision coverage, they generally think about when they get into an accident with another car. However, collision insurance also covers those small dents and scrapes you get if your car is the only one damaged. Many people don’t want to get smaller automobile repairs done because they are afraid of the costs. However your car insurance will cover you even if you hit a pole, a fence, a mailbox or a wall. You’ll have to determine the cost of the damage on a case-by-case basis to see if it’s worth going to ICBC or not.
It can be frustrating finding an auto body repair centre to repair your vehicle to its original condition. You’ve probably searched on Google, phoned around, and asked friends for recommendations. It can be daunting if you’re not sure what to look for. Unfortunately, it’s easy to be ripped off if you don’t go to someone reputable.
Although the winter season is great for ski bums, snowboarders, and anyone who likes winter sports, Vancouver commuters have a harder time being excited about the white powder that will inevitably hit us later this year. The Lower Mainland is supposed to get another really bad winter which means we should be prepared for a change, and not scrambling to find salt, shovel our driveways, and put winter tires on our cars. Unfortunately, not many auto body or repair shops give out courtesy cars with winter tires, even though they are mandatory on most BC Highways starting October 1st and is advisable for city driving as well.
Commercial trucks represent the brand of your company. They are visible out on the road, parked on the side of the street, and in a parking lot. It can cost businesses thousands of dollars in lost revenue when the vehicles are in the repair shops and not on the road. In addition, commercial vehicles see more miles than most other vehicles and as a result they tend to end up in the shop more often with more scratches and dings.
Maintaining your commercial vehicles appearance speaks a lot about the work you do. To a customer, the condition of your equipment is a sign of the quality of the work you are doing. If your cars or trucks look beat-up, then it sends a negative impression to your customers.