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Repaying icbc claims Repaying icbc claims
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Old 11-01-2009, 12:49 PM   #1
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Repaying icbc claims
So I have to repay 2 icbc claims to get my surcharge back to nearly 0%.

I'm wondering, do icbc charge interest on these claims? Would it matter if i pay now or later?
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Old 11-01-2009, 01:08 PM   #2
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you pay them before you renew your insurance. i don't think there are interests or anything. you just pay ICBC back the exact amount of money they paid out when you fixed your car and your insurance shouldn't be affected.
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Old 11-01-2009, 01:30 PM   #3
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you have one year to repay/buyback claims. but why are u even driving when u have to buy 2 claims back just to get your discount back to 0%?
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Old 11-01-2009, 04:02 PM   #4
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wow you must be a really bad driver to be in the surplus
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Old 11-04-2009, 05:53 PM   #5
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you have one year to repay/buyback claims. but why are u even driving when u have to buy 2 claims back just to get your discount back to 0%?
My surcharge is at 400%. Trying to buy an 06 acura TL which at 400% my insurance will be $10,000. If i pay back these claims, which is a total of $3000, the insurance for the TL will be around 2900 - 3200.

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wow you must be a really bad driver to be in the surplus
I admit I was when I was about 18 years old.

But these past claims that I got was totally BS.

Reversing out of a parking stall at brentwood mall (the one right by bmo where it's a T intersection). This old dude, approaches into the intersection as I was already half way out, totally ignoring the stop sign. I can see him looking to his left talking to this dude while still driving forward, and rear ends me. My car was fine, but he had a broken headlight.

ICBC concludes that that was my fault because I was reversing, but I was at a complete stop. Asked me if I had witness, I said no, and that was it. $1500 claim.

Another one was when I reversing in a gas pump station, this navigator or whatever these big ass truck is called was already hogging up 2/3 of the space. As I was reversing into the spot, he drives up and rear ends me. No damage whatsoever. ICBC concludes that that was also my fault, because I was reversing.

When I got into my spot to get gas that is when he bumped me from behind. All of this happened over the course of 2 months, bad bad luck.

Moral of my story, don't ever tell ICBC that you are in reverse while an accident happened. Whether you're at a complete stop or not, it's your fault. Honesty gets you nowhere.
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Old 11-04-2009, 07:38 PM   #6
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ICBC doesnt charge interest you just pay the whole amount back when you renew your insurance.
But OMG 10,000 for insurance my god that sucks
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Old 11-04-2009, 08:56 PM   #7
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My friend got into an accident with his Z. His insurance would have been 14k a year if he hadn't switched it to one of his parents names
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Old 11-04-2009, 09:09 PM   #8
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My friend got into an accident with his Z. His insurance would have been 14k a year if he hadn't switched it to one of his parents names
whats his name so i can report for fraud.
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Old 11-04-2009, 09:18 PM   #9
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whats his name so i can report for fraud.
Why bother, he'll get owned when he crashes again and his insurance is void.
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Old 11-04-2009, 09:46 PM   #10
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whats his name so i can report for fraud.
Blow me
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