How many days does it take to transfer ownership after a total loss vehicle is auctioned?

[DiMariana]

For flooded vehicles, the insurance company will only compensate if the owner has purchased water damage insurance. If the engine is flooded, no compensation will be provided. According to the terms of water damage insurance, the insurance company will compensate for the actual repair costs within the insured amount, with an absolute deductible rate of 20% each time, meaning the actual compensation is 80%. Below is a detailed introduction to commercial vehicle insurance: 1. Vehicle Damage Insurance: Covers losses caused by natural disasters and accidents to the vehicle itself. Recommended for new drivers. 2. Third-Party Liability Insurance: Covers losses caused by the owner to third-party personal injuries or deaths. This is mandatory and provides protection for both the owner and others. 3. No-Deductible Insurance: An additional insurance that transfers the owner's liability to the insurance company, reducing the owner's loss. It is advisable to purchase this if both Vehicle Damage Insurance and Third-Party Liability Insurance are bought. 4. Theft and Robbery Insurance: Covers damages caused by theft, robbery, or forcible seizure of the vehicle. Recommended for owners without a garage. 5. Passenger Liability Insurance: Covers losses of the driver and passengers due to traffic accidents. Premiums are usually paid per seat. Recommended for new drivers or family vehicles. 6. Spontaneous Combustion Insurance: Covers losses caused by fires due to the vehicle's own electrical or wiring issues. Suitable for older vehicles. 7. Glass Breakage Insurance: Covers the separate breakage of the windshield or window glass. Since replacing glass is very expensive, it is recommended for vehicles frequently driven in unsafe areas. 8. Scratch Damage Insurance: Covers losses caused by intentional, malicious, or accidental scratches to the vehicle body.