Does Insurance Cover Flood Damage to Cars During Typhoons?

[CaydenAnn]

Insurance does cover flood damage to cars during typhoons. Here are the details of auto insurance coverage: 1. Compulsory Traffic Accident Liability Insurance: This is mandatory for all vehicle owners by law. It provides basic claim coverage when traffic accidents occur. In case of an accident, this insurance helps cover economic compensation that may be difficult for the owner to pay. The compensation amount depends on the owner's liability proportion in the accident and whether it caused casualties. 2. Vehicle Damage Insurance: This covers damage to the insured vehicle caused by accidents while being driven by the policyholder or authorized drivers, with reasonable compensation provided by the insurance company. Premiums are largely determined by the vehicle's purchase price and seating capacity. 3. Third-Party Liability Insurance: This covers compensation for personal injury or direct property damage to third parties (excluding the driver and passengers of the insured vehicle) caused during accidents, as stipulated by the insurance company.