What is PICC's total loss standard for water-damaged vehicles?

[DelLydia]

PICC's total loss standard for water-damaged vehicles is that flooding reaching the engine hood is sufficient for declaring the vehicle a total loss. Even if not declared a total loss, repairs would require 80% of the vehicle's value. Below is relevant information about engine water ingress coverage: 1. Definition: Engine water ingress coverage is a newly derived auto insurance type, primarily referring to an additional coverage purchased by vehicle owners specifically for engine protection. When the insured vehicle's exhaust pipe or intake pipe is submerged due to heavy rain or flooding, and the driver either continues to start the vehicle or attempts to start it using inertia; or starts the vehicle without necessary post-flooding procedures. In these two scenarios, purchasing engine water ingress coverage is necessary to obtain corresponding compensation. 2. Claims handling: Compensation is provided based on actual repair costs within the coverage limit. However, if cumulative claim amounts reach the coverage limit during the policy period, the insurance liability terminates. Each engine water ingress claim is subject to a 15% absolute deductible.