I know a few people have experience this, so I like to get some first hand informations.
How does it work, when a bike get write-off and the owner get priority in buying the damage bike back?
If a bike is a write off due to damages.
I know you have a few options
1 Write-off the bike and take the money
2 Write-off the bike, take the bike + ($ amount from above minus $ amount of expected salvage value)
3 Write-off the bike and take the money then buy the bike back from ICBC, since you have priority.
I am wondering if someone can tell me how option 3 works.....or if there are other approaches?
Any comments will be appreciated!