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i have a question... if the owner had storage insurance until May of this year.... and gets stolen during the May long weekend, and they just recover the vehicle now... which is technically long after his insurance expired back in May of this year, will he still be on the hook for the tow? |
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The day of theft happened / police report filed is the day they would use. The question is have you settled with them yet? Quote:
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Thinking the same as most here, the guy can just say eff it and not pay right? The tow truck company will keep the truck.? |
There must be some kind of procedure for an owner to formally declare a car is stolen, that he/she waited a reasonable length of time, and now he/she is dissolving ownership and no longer responsible for anything that happens to it. Anyone know? |
We don't know the full story.. eg maybe the guy was righting with ICBC to go him a better deal for the written off? (so technically the truck still belongs to him). We all see how many people even in this forum fighting with ICBC on difference a car is worth in a write off. |
If I remember correctly, the tow truck have to file paperwork to keep the truck, it is not automatic. Quote:
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I think they go through this process. Repossess or seize a vehicle |
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I guess it makes sense. Using the fridge analogy from earlier, if someone steals your fridge and dumps in the forest, and they find your fridge, it's still your fridge and you're responsible for going to pick it up. |
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Some people in this thread seem to think ICBC is automatic and should automatically pay the bill regardless. If you don't have coverage from ICBC, ICBC is not involved in the claim/recovery. If you did have coverage from ICBC, once ICBC declares your vehicle stolen/lost/gone, you sign off on it, effectively transferring responsibility of it to them It is YOUR CHOICE to purchase comprehensive insurance from ICBC. if you do, ICBC will cover the vehicle loss as the vehicle becomes their responsibility once you sign the claim settlement. If you do NOT, it will remain your responsibility. Even if you buy a vehicle back after a write off, strip it, and haul it to a junk yard, you should have a paper trail via a receipt from the junk yard. |
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Luckily, they were nice enough to waive all parking tickets and they contacted another tow company to take the car away and all I had to do was go to their tow yard to fill out the transfer form. |
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