How much will insurance pay if the car is flooded in a flood?
2 Answers
The compensation will be based on whether the policy was purchased before or after the auto insurance reform. Below is a partial introduction to auto insurance: 1. Components: Auto insurance generally consists of two parts: basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. 2. Coverage: Vehicle damage insurance covers the loss of your own vehicle; third-party liability insurance covers damages to targets outside your own vehicle, such as people hit, public property, and the other party's car; passenger liability insurance covers personal and property losses within your own vehicle; theft insurance covers the loss of your own vehicle when it is stolen; no-deductible coverage ensures 100% compensation in case of an accident. If no-deductible coverage is not purchased, you will bear 30% of the deductible for each accident.
My car was previously flooded, and the insurance covered more than half of the repair costs. It all depends on whether you bought the right insurance. If you have purchased vehicle damage insurance or water ingress insurance, they will send someone to assess the extent of the flooding: if the water reached the carpets, they might cover interior cleaning; if it reached the engine, the entire car might be totaled, and you’d be compensated at market value. Not all insurance policies cover flood damage, so it’s important to carefully review the contract terms when buying insurance. Additionally, after an incident, you must quickly take photos and call the insurance company to report the claim—delaying could affect the compensation. In my case, I received about 20,000 yuan, which was a lifesaver. Remember, keeping the vehicle dry is crucial to avoid secondary damage, and a flood-damaged car will lose value even after repairs when reselling.
