One of the most significant risks we face living and driving in the lower mainland is injury and disability arising out of a motor vehicle collision.
Many people carry their own short and long-term disability coverage through a private insurance company. For those who don’t, but who drive a car in British Columbia, there is additional insurance available through the ICBC for a very modest annual premium.
If you don’t have a general disability policy, you may wish to consider supplemental insurance to what would normally be available to you as a holder of a valid BC driver’s license or as a person who has an ICBC insured vehicle.
Under Part VII of the Insurance (Vehicle) Act Regulations (a Provincial law that sets out the terms of ICBC insurance), an insured person who is injured through the use or operation of a motor vehicle may be eligible for temporary total disability benefits while totally disabled from work due to the motor vehicle accident. These benefits are payable whether, or not, the insured person is at fault for the accident. The benefits payable are quite modest, but helpful to people with no other insurance coverage. The ICBC will pay to you up to 75% of your average earned income in the 12 months before the motor vehicle accident, to a maximum of $300 per week. There are several caveats applicable, but this is a general description of the coverage. Note that temporary total disability benefits are not payable after age 65.
The ‘upgrade’ policy described as “INCOME REPLACEMENT POLICY INCLUDING DEATH BENEFITS (APV197)”, increases both the maximum amounts payable per week, and the amount payable to a spouse or children in the event of a motor vehicle related death of the head of a household.
For a general description of the policy, see pages 25 and 26 at See pages 25 and 26 of the PDF at ICBC.com:http://bit.ly/1AlYqu5
From June 22, 2015 there have been two levels of coverage, depending upon needs and the premium to be paid:
|Option 1||Option 2|
|Premium||$46 per year||$114 per year|
|Additional death benefits for head of household||$5,000||$15,000|
|Additional weekly TTD benefits||$500 for a total of $800||$800 for a total of $1,100|
|Additional Funeral Expenses||$7,500 additional||$7,500 additional|
|Income needed to maximize the TTD benefit||$55,467||$76,267|
Note that Temporary Total Disability (TTD) benefits with a basic ICBC policy, or BC driver’s license, through Part VII are maximally $300 per week or $1,200 per month.
A single policy will cover:
1. All members of the named insured’s household in any vehicle, including each other’s vehicles;
2. All members of the named insured’s household while a cyclist or pedestrian;
3. Each occupant of a vehicle of which the name insured or a member of the named insured’s household is a sole or joint owner, lessee or renter, and
4. Each cyclist and pedestrian struck by a vehicle of which the named insured or a member of the named insured’s house hold is a sole or joint owner, lessee or renter. (Which means we will have to ask ICBC what excess coverage our client may be entitled through the defendant’s household.
If you would like more information or require legal advice regarding insurance coverage, please contact one of the lawyers in our personal injury group.