What is Engine Water Damage Insurance?
2 Answers
Engine water damage insurance refers to automobile loss insurance, also known as engine special loss insurance. The following is a detailed introduction about engine water damage insurance: 1. Overview: Engine water damage insurance is a newly derived insurance type, which is an additional insurance purchased by car owners for their vehicle engines. 2. Function: When the engine is damaged due to driving through waterlogged roads or being submerged in water, certain compensation can be obtained. 3. Insurance amount: Under normal circumstances, the insurance amount for engine water damage insurance is 50,000 RMB. 4. Compensation method: Each claim for water damage insurance is subject to a 15% absolute deductible rate. Compensation is based on actual repair costs within the insurance amount. When the cumulative claim amount reaches the insurance amount during the insurance period, the insurance liability terminates.
Engine water damage insurance is actually an additional coverage in auto insurance, specifically designed to cover the repair costs for engine damage caused by water exposure. For example, if you accidentally drive into a water puddle, allowing water to enter the engine and cause cylinder deformation or connecting rod bending, this insurance comes into play, helping you cover the substantial repair costs. It does not include damage to the interior or other components, which require separate coverage. The premium typically ranges from a few hundred yuan per year, depending on the insurer. Living in a rainy city where driving through waterlogged roads is common, purchasing this coverage provides peace of mind, as engine repairs can cost anywhere from several thousand to tens of thousands of yuan. Never restart the engine after water exposure, as it may lead to claim denial. This insurance is particularly valuable in flood-prone areas, so remember to carefully review the policy terms when signing the contract.
