ICBC Claims, Breach of Insurance and Costs
I’ve previously blogged about the financial consequences of being in breach of ICBC insurance.
Today reasons for judgemenet were delivered showing some of these consequences in action.
In 2002 the Plaintiff was involved in a car accident. He was at fault for the accident. He was in breach of his insurance at the time (he was driving with a suspended licence). And he injured the occupants of one of the vehicles involved in the collision.
The injured parties advanced an ICBC claim and eventually ICBC settled paying out a total of $19,067.38.
ICBC then came after the ‘breached’ Plaintiff to have the money paid back. ICBC also exercises its statutory right and refused to re-issue a license to the Plaintiff.
Today’s judgement dealt with how much money was owed to ICBC. The court found that ICBC was entitled to $19,320.38 from the ‘breached’ driver.
This case is worth bringing to the attention of anyone who is thinking of driving in breach of their contract with ICBC. Doing so can result in significant financial consequences.