What are the compensation terms for motor vehicle water damage insurance?

[AriannaMarie]

Generally, water damage insurance has a deductible rate of 15% to 20%, but different insurance companies have varying regulations regarding the deductible rate. It is essential to inquire clearly when purchasing. Water damage insurance covers direct damage to the engine caused by water ingress and the necessary, reasonable rescue expenses incurred to prevent or reduce the loss of the insured motor vehicle. Related information about water damage insurance: 1. Definition: Water damage insurance, also known as auto loss insurance or engine special loss insurance, is called differently by various insurance companies but essentially the same. It is a newly derived type of insurance, referring to the additional insurance purchased by the car owner for the engine. 2. Scope of application: When the insured motor vehicle is submerged up to the exhaust pipe or intake pipe due to heavy rain or flood, and the driver continues to start the vehicle or uses inertia to start it; or after suffering from heavy rain or flood, the vehicle is started without necessary treatment. In these two cases, purchasing water damage insurance is necessary to obtain corresponding compensation.