Does Compulsory Traffic Insurance Cover Flooded Cars?
2 Answers
Compulsory traffic insurance does not cover water-damaged vehicles because it is designed to compensate third-party vehicles and individuals. Vehicle damage can only be claimed if the owner has purchased vehicle damage insurance, which typically has a deductible of around 30%. This means that for vehicles covered under this insurance, the insurer will compensate 70% of the loss amount. Compulsory traffic insurance is mandatory by law, and without it, a vehicle cannot legally operate on the road. According to the Road Traffic Safety Law, traffic management authorities under public security organs have the right to detain vehicles that lack this insurance, notify the owner to provide the necessary documentation or complete the required procedures, and may issue a warning or impose a fine ranging from 20 to 200 yuan. Compulsory Traffic Insurance for Automobiles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurer compensates for personal injuries, deaths, and property losses (excluding vehicle occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. The premium is based on a nationally unified standard, but prices vary depending on the vehicle type, primarily influenced by the number of seats. Compared to the over 20 exemption clauses in commercial third-party liability insurance, compulsory traffic insurance covers a broader range, including losses caused intentionally by the victim, the insured's own property losses, related arbitration and litigation costs, and certain indirect losses from accidents. Moreover, compulsory traffic insurance provides compensation within the liability limits regardless of whether the insured vehicle is at fault in the accident, with no deductibles or exemptions. Introduction to Electronic Insurance Policies An electronic insurance policy is a digital policy issued by an insurance company using digital signature software and enterprise digital certificates that comply with the PKI system, bearing the insurer's electronic signature. An insurance policy, commonly referred to as a policy, is the official written proof of the insurance contract between the insurer and the insured. It must fully document the rights, obligations, and responsibilities of both parties. The content recorded in the policy serves as the basis for both parties to fulfill their contractual obligations. The insurance policy is evidence of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources by eliminating the need to print insurance proof labels; Offers time-saving convenience, unrestricted by time or location, with information accessible online anytime, quickly and easily; Allows for reissuance or resending, eliminating concerns about loss. If a physical copy is needed offline, it can be printed or mailed; Facilitates management by standardizing electronic records, making it easier for insurance companies and traffic police to manage vehicle insurance information.
A while ago, I had an experience where my car was flooded after a heavy rain, and I learned that compulsory traffic insurance only covers compensation for others' injuries, not damage to my own car. At that time, I only had compulsory insurance, and ended up spending over ten thousand yuan to repair the engine—it was heartbreaking. Later, I wised up and realized that only comprehensive car insurance or additional water damage coverage would be useful. I suggest you check your policy immediately; if you don’t have this coverage, you’ll have to pay out of pocket. After flooding, don’t move the car—cut the power immediately and tow it to a professional shop for inspection, or impurities in the water could damage internal parts. When parking, choose higher ground to avoid flood risks. Spending a little extra on insurance for peace of mind can save you from huge losses later.
