If you’ve been involved in a hit and run collision where the other driver has damaged your vehicle or injured you and then fled the scene, you are not alone. According to recently released ICBC statistics, in 2016 there were 54,000 hit and run incidents in BC. These 54,000 hit and run incidents resulted in 2,000 injured victims.
Someone collided with your car and caused damage. ICBC found the other party to be at fault and paid for the repairs. Later, when it comes time for you to sell it or trade it in, you find that the buyer is low-balling you. This is what we lawyers call "accelerated depreciation."
Most people are aware that they are entitled to compensation if they have been injured in a motor vehicle accident caused by the fault of someone else. However, many people don’t know that, even if they are at fault for an accident, they are entitled to some benefits under their motor vehicle insurance plan.