Can I Claim Insurance If My Car Is Flooded on a Rainy Day?
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Can I Claim Insurance If My Car Is Flooded on a Rainy Day? The following is an introduction to auto insurance: 1. Introduction: Motor vehicle insurance refers to a type of commercial insurance that provides compensation for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Policyholders: Primarily include legal entities and individuals who own various types of motor vehicles. The insured objects mainly consist of various types of cars, but also include specialized vehicles such as electric vehicles, battery-powered vehicles, and motorcycles. 3. Principle: The basic function of insurance is to organize economic compensation and facilitate the payment of insurance claims, which is also the fundamental role of motor vehicle insurance. Through motor vehicle insurance, the various risks and potential losses faced by enterprises, families, and individuals owning motor vehicles can be dispersed and transferred across society, embodying the social principle of 'pooling risks and spreading losses.'