Does Vehicle Water Damage Insurance Cover Claims?
1 Answers
If you have purchased vehicle damage insurance, the insurance company will cover claims for water damage to your vehicle. According to the regulations after the 2020 vehicle damage insurance reform, the insurance company is responsible for compensating for total or partial losses of motor vehicles caused by rainstorms, floods, landslides, etc. Insurance Compensation: After the reform, as long as the vehicle owner has purchased vehicle damage insurance, they can receive compensation for water damage. The new regulations stipulate that vehicle damage insurance includes coverage for total vehicle theft, separate glass breakage, spontaneous combustion, engine water damage, no deductible, and special provisions for cases where a third party cannot be found. The insurance company will compensate based on the insured amount purchased, with the maximum compensation limit being the amount of coverage purchased. Important Notes: Before the insurance reform, engine damage caused by water submersion or flooding was only covered by water damage insurance. However, if the engine damage was caused by human actions after water submersion, the water damage insurance would not cover it. Before the reform, in the event of vehicle water damage, the owner needed to have both vehicle damage insurance and water damage insurance to receive full compensation. If only vehicle damage insurance was purchased, engine damage would not be covered. If only water damage insurance was purchased, the maximum compensation was only 80%. Therefore, to receive full compensation for water damage while driving, it was necessary to have both vehicle damage insurance and water damage insurance.
