Can a Flood-Damaged Car Be Normally Insured After Repair?
2 Answers
Flood-damaged cars can be normally insured after repair. Below is relevant information about auto insurance: 1. Introduction: Motor vehicle insurance is a type of property insurance, also known as auto insurance, which covers the vehicle itself and third-party liability as the insurance subject under transport vehicle insurance. 2. Motor Insurance Types: Motor vehicle insurance generally includes compulsory traffic insurance and commercial insurance, with commercial insurance comprising basic coverage and additional coverage. Basic coverage is divided into vehicle damage insurance, third-party liability insurance, comprehensive theft insurance (theft coverage), and passenger liability insurance (driver liability and passenger liability).
I've talked to many car owners about flood-damaged vehicles, and it's indeed feasible to buy insurance after repairs, but you need to be cautious. After being submerged in water, flood-damaged cars may have hidden corrosion or short-circuit risks in their electronic systems and frames. Insurance companies classify these as high-risk vehicles, which may lead to increased premiums or restricted coverage. Last year, my friend bought a repaired flood-damaged car and didn't disclose its history when purchasing insurance. Later, when an accident occurred, the insurer discovered the truth and not only denied the claim but also blacklisted him. It's best to have the vehicle inspected by a professional agency after repairs, obtain repair documentation, and be transparent with the insurer about the car's background. Additionally, don't forget that flood-damaged cars have lower resale value and compromised safety. Regular inspections of the wiring and chassis can reduce risks and ensure peace of mind while driving.
