Please note: Contract repairs are no longer offered. The extent of damages and safety of the vehicle were considered prior to determining if a contract repair was appropriate. The vehicle owner may have chosen this as an option if the estimated repair costs exceeded the value of the vehicle. The extent of damages and safety of the vehicle are considered prior to determining if a cash settlement is appropriate.Ĭontract: A contract repair was a method of resolving a claim where ICBC negotiated with a repair shop a set price for total repairs to the vehicle. A cash settlement amount is usually a percentage of the overall repair amount. The dollar amount of a total loss settlement is not available.Ĭash Settlement: A cash settlement represents the amount ICBC paid to a vehicle owner, in lieu of paying for full repairs. A stolen vehicle that was not recovered when the claim was settled may also show as a "Total Loss" on the Vehicle Claims History Report. Total Loss: A vehicle is a total loss when it is not economical to fix it or when it cannot be sufficiently repaired to be operated safely. Your customer should consider having the vehicle inspected by a qualified mechanic. has not made a payment with respect to the damage (e.g., has not paid for repairs or made a settlement).įor more information, see Statements of Limitation.does not have an estimate of the vehicle's damage and.No Details: No details may display if ICBC: The vehicle may have a repair estimate however, it's possible that the nature and extent of damage may make the vehicle a total loss and not economical to repair. For example, hidden damage may be found when the vehicle is being repaired at the repair facility. Note: The estimate may not reflect the actual cost of repairs. Repairs: Payment was made to repair damage to the vehicle.Įstimate: Estimated cost to repair the vehicle's damage, less taxes. The report may list one or more of the following:
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