If you loan your car out to occasional drivers, you will now receive 1 free crash, ICBC says


British colleges who loan their car out to the occasional friend or family member will now receive a free crash before you have to purchase a controversial UKBC fee.

The insurance introduced "unlisted driver protection" last September, asking drivers to consider paying a $ 50 fee to protect themselves in case someone is not listed on their policy crashes their car.

Now, ICBC says the first crash will be released for any of the policeman vehicles. After all, drivers will still have the option of charging the one-time fee, or even thousands of dollars in possibilities.

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Unlisted drivers are considered people who drive a vehicle 12 times a year or less.

The change would take effect September 1 if approved by B.K. Utilities Commission (BCUK).

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At the time the original policy was announced, the critics immediately called it a "raise money," while Mothers Against Drug Driving suggested the measure might discourage designated drivers.

Speaking Friday, ICBC politics expert Richard McCandless did the one free crash was a step in the right direction, but added the charge still should not exist.

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"Now it's a little better, but it's still fundamentally flawed," he said. "It was just badly conceived – just the wrong way to go."

It was estimated last year that if every ICBC was policyholder in BS. Purchased new protection, it would net the corporation $ 120 million a year.

ICBK insisted they did not take a dime, and that the money would be returned to drivers elsewhere.

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McCandless has a special fee that doesn't make sense if it's meant to be neutral.

"If they said," This is for our bottom line, which would be one thing, but they didn't say, "He said." They said, & # 39 ; Give us $ 50 or face the consequences. & # 39; There is a protection rack. & # 39;

Under the old policy, if someone got into a crash behind a borrowed car, it was a flash on the owner's record and could cause their insurance premiums to go up.

& # 39; massive changes & # 39; At ICBC, the public insurer could be raised fundamentally

The unlisted driver protection change was announced Friday along with other directives from the province to ICBQ "which will improve equity as basic insurance is calculated," the attorney general said in a report.

Under the proposed changes, people will not be able to add low-risk drivers who are not family members or employees to their policies to artificially reduce their insurance premiums.

In addition, driver limitation time to determine whether repayment claims made from March 1, 2017 and August 31, 2017 will be extended until August 31, 2020.

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The ministry said the extension will ensure drivers "have enough information in the first year of the new rating model to determine whether to reimburse the claim benefits by preventing increases in their insurance premiums."

The changes would also be successful in September 1, betting the BCuk approval, which will have 10 days to provide approval after receiving the ICBC application.

– With files from global news & # 39; Simon Little and Nadia Stewart

© 2019 Global News, a part of Korus Entertainment Inc.

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