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- lose your right to claim Part 7 benefits,
- lose your right to have your accident-related vehicle repairs paid for by ICBC,
- lose your right to have ICBC defend you in a lawsuit for damages as a result of a collision,
- lose your right to have ICBC indemnify you for any court judgment against you or settlement paid out as a result of your negligence.
This means that not only can you lose your insurance benefits, you may ultimately have to pay the costs of a court judgment or settlement for the injuries/damages caused in a collision. In the most serious cases this can result in millions of dollars of personal exposure!
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