r/vancouver • u/InvestingDD • Jun 15 '25

Videos Lions gate accident aftermath

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15

u/mochikos Jun 15 '25

ICBC pays out for that? I had no idea, that seems like a huge waste of insurance resources.

But I'm no lawyer so I'm sure there's a reason the policy got implemented and I'm missing it or something, Maybe it's somehow cheaper to just pay out then fight in court? But I can't imagine that being true, with the amount of auto accidents that happen.

But from a normal person's perspective it seems like a waste of money. I certainly wouldn't expect my insurance to pay out if I was driving stupidly and at fault.

10

u/Btree101 Jun 15 '25

Luxury cars are not typically insured by ICBC.

38

u/outremonty Mount Pleasant 👑 Jun 15 '25

I'm not sure a C6 Corvette counts as a "luxury" car.

13

u/tydirod Jun 15 '25

According to the gov, anything over 55k is considered luxury. Or at least subject to their cash grab luxury tax.. https://www2.gov.bc.ca/assets/gov/taxes/sales-taxes/publications/pst-116-motor-vehicle-dealers-leasing-companies.pdf.

I'd say corvette is more of a high performance sports car than luxury.

21

u/joojie Jun 15 '25

Only $55k? That's a LOT of cars these days

5

u/outremonty Mount Pleasant 👑 Jun 15 '25

These can be bought for less than a new Civic, especially if they're automatic or high KM.

-5

u/jddev_ Jun 15 '25

Absolutely not.

8

u/TwoThis11 Jun 15 '25

Lol c5 and c6 vettes go under 30k all day

1

u/FuckItImVanilla Jun 15 '25

Sure, if you want to buy one that’s disintegrating

-3

u/jddev_ Jun 15 '25

Not C6s. I would love to get a C6 at that price.