What Insurance Covers Flood-Damaged Vehicles?

1 Answers
AniyahAnn
07/24/25 4:22pm
Comprehensive auto insurance covers flood-damaged vehicles. Here are the key details about comprehensive auto insurance: 1. Basic concept: Comprehensive auto insurance is a type of commercial vehicle insurance where the insurer provides compensation within reasonable limits when the insured vehicle is damaged due to insured accidents occurring while the vehicle is being used by the policyholder or an authorized driver. 2. Premium discounts: The new policy also establishes 12 auto insurance rate adjustment tiers based on the previous year's claims history, with dynamic adjustments made according to the prior year's claims. The highest tier is level 12, where the premium adjusts to 200%; the lowest tier is level 1, where the premium adjusts to 50%.
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