Last updated 2016-10-20

Policy on transferring repair estimates for returned leased vehicles

Policy on the return of a vehicle to the leasing company with an outstanding repair claim on the vehicle.

Policy

A leasing company can process or present claims as follows:

When the returned leased vehicle ...	Then the leasing company ...
has a fully authorized Estimate or Appraisal outstanding for repairs to the vehicle	can process the claim.
has an insurable loss against the vehicle policy that occurred while valid ICBC coverage was in place, including repossessed vehicles	can present the claim(s), and must pay the GST portion of the claim directly to the repair facility. Note: An ICBC representative must inform the lessee that a claim(s) may be processed under the policy. Any applicable deductible or depreciation can be paid by either the lessee or lessor. Note: PST must not be charged or paid on the repair as rental and leasing companies are exempt from PST. The rental or leasing company’s PST registration number must be recorded by the repair facility for the exemption to be valid.

When the returned leased vehicle ...

Then the leasing company ...

has a fully authorized Estimate or Appraisal outstanding for repairs to the vehicle

can process the claim.

has an insurable loss against the vehicle policy that occurred while valid ICBC coverage was in place, including repossessed vehicles

can present the claim(s), and
must pay the GST portion of the claim directly to the repair facility.

Note: An ICBC representative must inform the lessee that a claim(s) may be processed under the policy.

Any applicable deductible or depreciation can be paid by either the lessee or lessor.

Note: PST must not be charged or paid on the repair as rental and leasing companies are exempt from PST. The rental or leasing company’s PST registration number must be recorded by the repair facility for the exemption to be valid.