ICBC MONOPOLIZES BRITISH COLUMBIANS
THE DIRTY ARMY: Nik, hi the Dirty Team. In the province of British Columbia, Canada, people are left with only 1 choice of car insurance, the infamous ICBC. As a newcomer to this province, I am blown away that an insurance company and the government of BC work together; in other words, they are a quasi corporation. Usually, the norm is to have options. In a land of opportunities and foremost, a first world country, this is astonishing. How could insurance and government be mixed?
By law, all vehicles in this province must be registered by ICBC and drivers are licensed by ICBC. A basic coverage, called “Autoplan” by ICBC, hunts every one of us living in BC. However, if you get into an accident and the other party does not take ownership for a simple collision, ICBC concludes with a 50/50 payment. So, let me get this straight? I’m not responsible for this collision whatsoever, my independent witness testifies over the phone, yet, they still take the other party’s dishonesty as credible? Because this is BENEFICIAL FOR ICBC. They only get to pay 50% of your vehicle’s damage.
What about the traffic cameras and CCTVs all around our municipalities that taxpayers pay for? Oh, ICBC doesn’t have “access” to them. Because, yet again, it is an inconvenience for them to investigate the truth and pay for what is owed. But wait a minute, they do have ACCESS, because they are tied to the “passing red light” tickets that we get mailed home. This is not about the money. This is about the principle and honesty. But also, ICBC is taking advantage of hardworking middle-class people.
Every day there is an accident and every day people are being ripped off of ICBC. The definition of insurance is the arrangement with a company or government agency guaranteeing a compensation for any loss or damage etc.; yet, I’m paying for insurance every month without being insured. How IRONIC?! ICBC is a crook. It was implemented by the NDP government in 1973. They weren’t even paying taxes! Premier Christy Clark, in 2010, required them to pay the province dividends totalling $1.2 billion. Imagine that! 1.2 BILLION DOLLARS of taxes not paid and now they are suffering! So they will do anything to minimize their payment in any areas they see fit. Lastly, in 2016, “luxury cars” anything over $150,000.00 could not be insured by ICBC. This would save ICBC about $2.3 million per year. Everything about ICBC screams crooked, illegitimate and abusive of power. ICBC and the government of BC needs to be put on blast.