How Does the Insurance Company Settle Claims for Water-Damaged Vehicles?

[SanAdelyn]

Insurance claims for water-damaged vehicles are mainly divided into the following situations: 1. Minor damage: If the vehicle damage is not severe, the insurance company will assess the loss and compensate for the damaged components. 2. Severe damage: If the entire vehicle is basically submerged in water, the cost of repair in such cases often exceeds the price of purchasing a new car. Moreover, even after repairs, a series of problems may still arise, with malfunctions occurring intermittently. Therefore, in such cases, the insurance company usually signs a total loss agreement with the vehicle owner, providing a certain amount of compensation based on the agreed insurance coverage.