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Pro Tip: Avoiding Modo’s Damage Fee

Lesley M., Member Care Team

Modo-TeamMember-Lesley

My Modo neighbourhood: Grandview-Woodlands, Vancouver

My Favourite Modo: Any one that’s available and suitable for the task!

Where I Modo: I use Modo to transport people and equipment for CircusWest

My Tip of the Month: Avoid paying a damage fee with Modo’s insurance options


Through our plan with ICBC, our member’s damage fee ranges from $1,000-$2,500 which means if you’re in an accident, you could be charged up to these amounts to cover any damages. But there are two simple ways to avoid paying damage fees.

Damage Pool

Enrolling in the Damage Pool reduces your damage fee to $0 should you be involved in an accident, including at-fault accidents. The Damage Pool is optional—it costs $50 annually and expires after being used in the event of an accident.

It costs $50 to re-enrol after an accident. The Damage Pool coverage includes trucks and cargo vans. Members must be enrolled in the Damage Pool prior to an accident. Business accounts, members using a Member Eligibility Declaration form to demonstrate eligibility, Green Members and members who have been in an accident with a cost to Modo that exceeded $1,000 during the preceding two years, are not eligible to join the Damage Pool.

Collision Loss Damage Insurance (CLDI):

By paying with a credit card that offers Collision Loss Damage Insurance (CLDI), Modo charges the damage fee directly to the insurer. Please check with your credit card company if you qualify. CLDI does not cover trucks and cargo vans.

InsuranceOptions-Modo
Please note: Individual members choose insurance options when signing up online and can adjust them under their Account Settings at their convenience.

Post updated June 26, 2018

 

Modo Co-operative
Vancouver604.685.1393
Victoria250.995.0265
Nanaimo250.741.4141
Kelowna250.469.6617
Modo Co-operative
Vancouver604.685.1393
Victoria250.995.0265
Nanaimo250.741.4141
Kelowna250.469.6617
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