Can a Level 2 Flood-Damaged Vehicle Be Scrapped?
1 Answers
There is no separate scrapping standard for flood-damaged vehicles. Whether a vehicle is scrapped or not follows the same standards as vehicles damaged by other causes. When a vehicle is damaged in a traffic accident, insurance companies generally adhere to a 'repair-first' principle. If the repair costs exceed 80% or more of the vehicle's value, the insurance company will process the claim as a total loss. Below is additional information: Steps to take after a vehicle is flooded: Take photos on the scene, including the vehicle's license plate number, which can serve as evidence for the insurance claim. Then immediately call the insurance company, preferably filing a report within 24 hours. After that, call for rescue and inform the insurance company of the repair shop location so their personnel can inspect the vehicle.