ICBC CHANGES – NO FAULT BENEFITS

ICBC CHANGES – NO FAULT BENEFITS

ICBC CHANGES – NO FAULT BENEFITS

DID YOU KNOW?

If you are injured in a motor vehicle accident, you are entitled to receive accident benefits to help with medical care and wage loss. The April 1st changes to ICBC brought with them the following increases to accident benefits:

  • Medical and rehabilitation benefits increased lifetime to $300,000 from $150,000 for collisions occurring on or after January 1, 2018.
  • TTD benefits increased to maximum $740 per week from $300 per week, effective April 1, 2019.
  • Funeral expenses are increased to $7,500 and survivor benefits up to $30,000, effective April 1, 2019.

Accident benefits are different than minor injury payouts, which, as of April 1, 2019, have been capped at $5,500.

Of course, increased benefits are welcomed, but how many instances have there been where a person’s lifetime level of $150,000 is exceeded? According to Attorney General David Eby, there are about only 40 individuals every year.

The laws in BC have changed and the new system can be difficult to understand. It is wise, then, to seek legal counsel immediately following a motor vehicle accident. A lawyer can help you defend your rights and ensure that you receive proper compensation.

Based in Cranbrook, Rella, Paolini & Rogers operates one of the largest, most successful motor vehicle accident claims practices in the southeast region of B.C., with a focus on ICBC claims.

The foregoing provides an overview only for informational and non-commercial purposes. It does not constitute legal advice or an opinion. The laws may also change over time and the information may not be updated to reflect such variations. Readers should not make decisions based on the information contained herein alone and should obtain professional legal advice on their specific circumstances. Reliance on the information contained herein is done solely at the reader’s own risk.