Does the insurance company compensate with money or a car when a vehicle is flooded?
1 Answers
When a vehicle is flooded, the insurance company compensates with money. Below is an introduction to auto insurance: 1. Introduction: Motor vehicle insurance refers to a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. 2. Coverage: The policyholders are primarily legal entities and individuals who own various types of motor vehicles; the insured objects mainly include various types of cars, but also specialized vehicles such as electric cars, battery-powered vehicles, and motorcycles. 3. Definition: Auto insurance, also known as motor vehicle insurance or simply car insurance, is a commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles.