Five things to know about ICBC reforms
The B.C. government brought in major reforms to the Insurance Corp. of B.C. on Tuesday that will significantly impact how motorists will be covered following an accident. Here are five things to know about the changes:The government will cap the pain and suffering payment you are eligible to receive in a minor accident at $5,500. The cap will come into place April 1, 2019. This will limit your ability to sue for damages in minor cases.
To compensate, ICBC will increase the separate medical benef
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