How Much Can Insurance Cover for a Flooded Car?
2 Answers
The specific compensation amount depends on the policy coverage and the assessment results of the damage. Below is an introduction to the vehicle damage assessment process: Assessment Time: If the damage occurs locally, the insurance company can complete the assessment within one business day. For damages in other locations, it may take one to three business days. After assessment, the repair time can be confirmed with the local repair shop. Important Notes: Insurance does not cover lost wages, so it is recommended to negotiate this aspect, as there are no clear legal stipulations. Damage Inspection: Inspectors will complete the on-site inspection and assessment within one business day after receiving the notification from the insurance company's internal staff (for damages in other locations, the local insurance company can be entrusted to complete the inspection within three business days). Customers are required to provide relevant documents and guided in filling out the necessary claim forms.
Oh, how much can insurance cover after a car is flooded? This is really a headache. I've had a similar experience. Last time when it rained heavily, my car was parked in a low-lying area and got flooded. I immediately took photos and videos of the scene and then contacted the insurance company to report the claim. The compensation amount mainly depends on several factors: Did you purchase vehicle damage insurance? After the 2020 auto insurance reform, vehicle damage insurance includes water damage coverage, but if you only bought compulsory traffic insurance, you won’t get a penny. The compensation amount is also calculated based on the current market value of the vehicle. If it’s a total loss, you can get about 80% of the replacement cost; for partial damage, it depends on the repair costs minus the deductible, usually 5%-20%. Additionally, you should deal with the flooded car as soon as possible, otherwise, the electrical damage could get worse. Remember to check your insurance policy and terms, as different companies may have variations—try to choose a reputable large company. In short, don’t rush to start the car after flooding; calling the insurance company’s surveyor is the wise choice.
