The bigger question is it fair or equitable.
I'm not going to argue with your other points because you won't listen anyways..... but here is some first hand information that I have got from more than one ICBC employee.
So it is first hand information from more than one source. Should be good enough for even you Ralph....right?
They use Book 1 to value taxation
They use Book 2 to value CLAIMs.
And Book 1 and 2 don't match up in numbers....
One example given to me by an ICBC employee was the make, year, model, and condition (similar KMs) were exactly same....with less than a thousand dollars difference in options.
The taxation value on vehicle 1 was just a hair under $40 k.
The same make, model, year, and condition (similar KMs) came in a week later by someone else for a
CLAIM.The claim amount paid to the customer was approx. $35500
It is no secret that even ICBC employees admit that their is one value for taxes and another value (lesser) for claims. It's not even arguable. There are 2 books that each have different prices at ICBC.
Another employee admitted to me that it can be a struggle to work for ICBC. He told me that all the employees there know that the corruption is so deep that it's hard to go home at night with any integrity about their jobs. But there are also some that just bury their heads in the sand and collect their paycheck. This is first hand information...