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August 07, 2020 - 3:07 PM
Some of ICBC's temporary support measures to assist drivers during the height of the COVID-19 pandemic are coming to an end.
ICBC said in a media release the province is now in Phase 3 of its restart plan and as more British Columbians return to the road, some of the breaks ICBC gave to drivers are going to expire.
As of Aug. 20, ICBC will no longer waive the $30 insurance cancellation charge, fleet vehicle insurance will no longer be suspended and the allowance of unlimited deliveries by drivers in non-delivery rate classes will come to and end.
Private passenger vehicles will continue to have up to six days per month for delivery use.
The changes have been approved by the B.C. Utilities Commission.
"Customers are now reinsuring their vehicles at higher than historic levels. Since April 23, 2020, a total of 300,000 new plate policies have been issued for non-fleet customers compared with the approximately 120,000 non-fleet customers who cancelled their insurance policies for the same time period," the news release reads.
The insurance corporation is encouraging residents to talk to their insurance brokers to ensure they have the proper coverage.
It will continue to waive the $18 re-plating fee and the first knowledge test fee for learner driver's licence holders whose licence expired during the pandemic.
ICBC customers can continue to renew their insurance by phone and email with the help of brokers, and those who are facing financial hardship and who pay for their insurance on a monthly basis are able to defer their payments for up to 90 days with no penalty.
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News from © iNFOnews, 2020