How Serious is a Level 2 Flood-Damaged Vehicle?
1 Answers
Level 2 flood-damaged vehicles are quite serious, and the severity can be assessed based on flood-damaged vehicle standards. According to industry experience, flood-damaged vehicles can be categorized into three levels: Level 1 refers to "water ingress vehicles," where the water level is below the chassis; Level 2 is termed "flood-damaged vehicles," where the water reaches above the chassis but below the dashboard; Level 3 is called "submerged vehicles," indicating severe flooding where water rises above the dashboard or even submerges the entire vehicle. Below are the types of insurance you need to purchase after buying a car: Compulsory Traffic Insurance: This is a mandatory insurance required by law. If not purchased, traffic police can impose fines. This insurance offers limited coverage, mainly for third parties, and does not cover your own vehicle. Third-Party Liability Insurance: This covers losses due to bodily injury or death of third parties caused by the vehicle owner. It is essential to purchase this for both your own and others' protection. Vehicle Damage Insurance: This compensates for losses to your own vehicle due to natural disasters or accidents. It is recommended for new drivers. No-Deductible Insurance: An additional insurance that transfers the owner's liability to the insurance company, reducing the owner's losses. If you have purchased both Vehicle Damage Insurance and Third-Party Liability Insurance, it is advisable to also get No-Deductible Insurance.
