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Total Write Off

written by John Chow on April 20, 2006

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I went to ICBC with my dad today to help him with his car accident claim. My dad T boned a taxi cab that went through a stop sign with out stopping. Luckily nobody was seriously hurt. The cabbie has accepted fault for the accident and ICBC has concluded that the cost to repair my dad’s car is not worth it, so they’re writing it off. The question now is how much ICBC will give for the car. The really stupid thing is my dad had 3 years full replacement insurance on the car. This accident happened 2 months after that expired, so he’ll have to settle for the depreciated value of the vehicle.

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