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Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

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Old 06-26-2019, 05:12 PM   #1
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How exactly does getting a cash settlement payment rather than fixing car damage wor

I understand you have an option if someone backs into you damages your car or whatever the case, you can either have ICBC fix it or you can except 70% cash settlement payment that is what I understand anyways. some woman dropped her motorbike on my rear bumper and nicked the corner . I would rather just have cash because you can’t really notice it anyways . What is the proper procedure in which going through with asking them to get the cash? Posting this more less cause maybe some people have gone through with this and they can share their experience . Thanks
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Old 06-26-2019, 05:54 PM   #2
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Fairly simple. Raise the request with your Adjuster. They will review it. If approved you will get a cheque in the mail.
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Old 06-27-2019, 05:36 AM   #3
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Why not just get a few estimates and ask them for cash?
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Old 06-27-2019, 10:06 AM   #4
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I went through this last year.
I was selling a vehicle with an outstanding ICBC claim for about $1200. The buyer negotiated to buy the vehicle at a discount and fix the damage himself, so I requested a cash settlement from ICBC adjuster.

I had to bring the truck to an ICBC approved body shop for them to appraise the damage. Once that was done, I had to ask the body shop to send a copy of the appraisal to my ICBC adjuster. That took a little time as the body shop now knew that I wasn't going to be a customer. But within a week they sent the pdf copy to ICBC for their review.

Fast forward another week, and a few more phone calls on my end and my adjuster finally got back to me. He offered a check for $685 to cover the damages. I made the argument that it was half of the appraisal, and that didn't include the benefits I get from being a Roadstar, such as car rental, etc. My ICBC adjuster didn't care about my math, and it was obvious that they weren't going to budge. I accepted the $685 and signed off on the claim.

All said and done, it wasn't a challenging process. There were a few calls that had to be made to push folks into working, but I got my check promptly and was able to move on.

For the record, there was no check sent in the mail. I had to go to an ICBC office and pick it up. That's where I signed off on any future claims against the settlement.
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