Plan Ahead! Consider Additional Disability Coverage through ICBC

If you are involved in a motor vehicle accident and cannot work, the typical maximum rate payable by ICBC for TTD (temporary total disability) benefits is only $300 per week.  Every driver in BC has access to this coverage as a matter of law; however, the benefit amount has not been increased for over 25 years!  As I have written in an earlier entry, it is nearly impossible to make ends meet on that kind of money, especially if you are paying out of pocket for treatment costs.

Few people are aware of this, but it is possible to purchase extra disability coverage from ICBC.  Some of us here at the firm buy this extra coverage every year when renewing our vehicle insurance.  You can increase your TTD rate from the typical $300 per week up to $700 per week by purchasing Income Replacement Policy APV197.  An additional coverage of $400 per month costs $84 per year.  It's a great value.  There is very little information online regarding this extra coverage, so we recommend that you discuss this with your broker the next time you renew your insurance.

If you are involved in a motor vehicle accident in British Columbia, contact one of our Victoria Lawyers today.

About the Author

Written by W. Eric Pedersen

W. Eric Pedersen is a lawyer practicing in Velletta & Company's civil litigation department. Mr. Pedersen regularly advises individuals and businesses on employment, human rights, labour, and debtor creditor law. Eric studied law at the University of Victoria, where he was awarded the Gowlings Prize in Intellectual Property and Technology Law. Mr. Pedersen has appeared in Supreme Court, Provincial Court, and the BC Court of Appeal, and has established himself as an effective advocate for individuals and businesses seeking to resolve disputes and achieve justice.