Is the compensation amount for water-damaged and scrapped vehicles covered by auto damage insurance?
2 Answers
When a vehicle is submerged in water while parked on the roadside or in an underground garage, as long as it does not involve starting the vehicle in water, the auto damage insurance can be used for claims. Costs such as vehicle cleaning and wiring harness inspection are all covered by auto damage insurance. Below is a detailed introduction to commercial vehicle insurance: 1. Auto Damage Insurance: Covers losses to the vehicle itself caused by natural disasters and accidents. Recommended for new drivers. 2. Third-Party Liability Insurance: Covers losses due to personal injury or death of a third party caused by the vehicle owner. This is mandatory as it provides protection for both the owner and others. 3. No-Deductible Insurance: An additional insurance that transfers the owner's own liability to the insurance company, reducing the owner's loss. It is advisable to purchase this if both auto damage insurance and third-party liability insurance are bought. 4. Theft and Robbery Insurance: Covers damages caused by vehicle theft, robbery, or snatching. Recommended for owners without a garage. 5. Passenger Liability Insurance: Covers losses to 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 windshield and 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.
The compensation amount for a flood-totaled vehicle is indeed covered by the auto damage insurance, as this insurance is designed to cover vehicle damage caused by natural disasters such as floods. The insurance company will calculate the compensation based on the actual value of the vehicle, but this value is often significantly depreciated. For example, a car originally worth 100,000 yuan might only receive 50,000 to 60,000 yuan in compensation after being totaled in a flood due to depreciation factors. You need to ensure that your insurance policy includes flood coverage or that the auto damage insurance itself has a natural disaster clause. When filing a claim, promptly report to the police, take photos for evidence, and contact the insurance company to send an assessor to inspect the vehicle's condition. Remember, don’t expect full compensation at the original price—the assessment for a totaled vehicle will consider the usage period and the extent of damage. Additionally, prevention is key; avoid parking in low-lying areas during the rainy season to reduce risks. After an incident, handle it as soon as possible by towing the vehicle to a repair shop or 4S store to confirm the totaled status before initiating the claim process.
