Will Insurance Cover a Car Flooded in the Garage?
1 Answers
If a car is flooded in the garage, it is considered an incident, and you can file a claim with your auto insurance. According to the terms of the Family Owned Vehicle Loss Insurance, during the insurance period, if the insured vehicle suffers damage due to natural disasters such as heavy rain or floods while being used by the insured or their legally permitted user, the insurance company will compensate as agreed. If the car is parked in a residential area or underground garage and suffers flood damage, and the vehicle is covered by comprehensive insurance, the insurance company will compensate for the loss as a natural disaster. The specific compensation amount depends on the policy terms. If the water level rises above the dashboard, the insurance company may consider full compensation. Important Notes: For claims due to natural disasters, according to the insurance terms, if certain conditions are met, the premium may increase in the following year. Losses caused by a car being washed away by heavy rain also fall under the comprehensive insurance coverage. The exact compensation amount is determined based on the actual situation. Generally, if the water reaches the roof, the damage is severe, and it is recommended to declare the car a total loss. If the repair cost reaches 80% of the vehicle's residual value, it will be deemed a total loss, and the insurance company will compensate based on the residual value, taking possession of the vehicle for disposal.
