What is the ICBC? Essentially, it’s who you need to contact immediately after a car accident. ICBC stands for “Insurance Corporation of British Columbia,” and they provide basic insurance to all vehicles registered in British Columbia. Keep reading for some notable ICBC accident benefits.
All parties involved are eligible for accident benefits
Just after a car accident, costs can be traumatic, as well as medical recovery and injuries to those involved. One of the perks of ICBC is that regardless of fault, everyone is eligible for accident benefits. The ICBC recently announced that they will increase coverage for accident recovery/medical costs from a $150,000 to a maximum of $300,000.
If you’re ever in a car accident, consulting a lawyer who deals with ICBC Vancouver is a good way to figure out what you are eligible for. A good lawyer is key to navigating your claims and the post-accident process as well, and knowing the ICBC inside and out can save your bank account from the aftermath of a car accident.
Damages to your car
Another positive with ICBC is that they can cover damages for all parties involved, including who is at fault. Accidents do happen and both parties have to deal with car repairs and injuries, but ICBC coverage can include both minor and major vehicle damages, and they’ll cover at least some of the damages for everyone involved. This is why it’s very important to contact them immediately after your accident.
Accident benefits can include funeral costs and death benefits
If you lose someone in a car accident, it is life altering, and it puts emotional strain on you and your family. To make it more difficult, funeral expenses must be taken into account. Funeral costs can be very high, but ICBC happens to cover funeral costs in many situations. This alone can alleviate the monetary stress that follows a car accident death.
Through contacting the ICBC, you and loved ones can also be eligible for death benefits to help ease financial strain. The amount depends on the deceased’s financial standing in the household, but this is a benefit that should still be taken into consideration because it makes the process a lot less stressful.
One of the worst parts of a car accident are the medical issues that come alongside them. These side effects can take months to recover from, which feels like a constant reminder of the accident. Thankfully, the ICBC can help with medical coverages. Costs of physical therapy and rehabilitation can add up quickly. If the ICBC can not cover all of these costs, then they can at least do what they can to alleviate the financial pain.
It is important to get proper medical health as soon as possible after an accident. Doing what you can to get better will make you feel less of the impact and worry less about it. The ICBC can help eliminate the negative side effects of an accident in any way they can. You and your lawyer are sure to find success when going through this process after a car accident.