Quote:
Originally Posted by Lomac
Typically a car isn't worth more to ICBC if it's been modified. The only way they'll consider a higher price is if it's been previously appraised and you've got the documentation to prove it. Installing Works rims, a turbo or even doing custom bodywork doesn't change the value in ICBC's eyes.
The best way to get the maximum value for your car is to keep full documentation of all repairs completed on your vehicle. I've had ICBC pay me the full cost of certain types of repairs on my car after it was totalled. Sure, a couple were pro-rated, but in their eyes it increased the value of the car, so they were willing to part with the extra cash as part of my settlement.
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They do pay out for certain modifications, when the Jeep was totalled i was reimbursed $988/$1064 for a set of tires i had put on a week prior, after i faxed the receipt in. As long as it's not general maintenance, and you have the receipt for a mod i believe they do pay (pro-rated) for some mods.