Advantages Of Buying Rental Vehicle Coverage From Icbc
Whether a car is owned or is on rental, its insurance is important in order to claim benefits and compensation in time of an accident
. Most rental companies offer rental insurance that protects their car as well as offers compensation to the driver. Yet, it is advisable to purchase rental vehicle coverage from ICBC as they offer extensive coverage at a much affordable price unlike other insurance which are at a higher cost. ICBC claims lawyer in Surrey further explains the benefits of buying rental vehicle coverage from ICBC.
Advantages
In case of an accident, even if the individual is at fault, he is eligible for compensation under various schemes.
Medical, rehabilitation, death and funeral accident benefits which could be as high as $ 150,000.
In case the motorist who has caused the accident in not insured, the victim yet receives compensation under the coverage plan
In case of an accident, if the rental vehicle is not in a condition b driven, up to $250 are reimbursed to rent another replacement vehicle.
Reimbursement is made for replacement of various components of the car when involved in a crash.
ICBC also offers coverage when a claim is made by the rental company in case of an accident.
The coverage allows for as many named drivers as the insurance purchaser wants.
ICBC offers coverage for every named driver as well as the person purchasing the insurance throughout Canada
In case the individual has a valid British Columbia license and drives a vehicle not owned by the individual, they become eligible for up to $200,000 worth of Third Party Liability coverage.
The advantages make ICBC Rental Coverage an ideal plan that helps to safeguard not only the individual purchasing the plan but also the rental vehicle at a much affordable price.
There are a few exceptions under which the individual or the vehicle may not be covered;
If the rented vehicle is used by non residents
If the rent exceeds CA $125 per day
The vehicle is used as a carrier for passengers or goods
The vehicle is a huge one which can accommodate more than 16 passengers
It one of the following vehicles, golf- cart, snow mobile, industrial or road building machine, all-terrain vehicle or snow vehicle.
ICBC Benefits
Rehabilitation: In a crash, even if it is the fault of the individual, he is entitled to compensation. Medical and rehabilitation compensations may be either mandatory or permissive. There is a limit of $150,000 for medical and rehabilitation expenses. An ICBC claims lawyer in Surrey can help to assess the options and thus make rightful claims.
Mandatory Benefits: All reasonable expenses caused due to the injury fall under this category. They include dental, surgical, orthopedic, occupational therapy, speech therapy, ambulance, hospital etc.
Permissive Benefits: Upon review by an ICBC advisor all treatments that uphold rehabilitation are covered under this policy. Permissive benefits include attendant care, vocational training, massage therapy etc.
by: Stella Richard
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