Will insurance cover a car washed away by flood?
1 Answers
A car washed away by flood will only be compensated by the insurance company if it is covered under the relevant auto damage insurance. Below are the relevant details: 1. Compulsory Traffic Insurance: For compulsory traffic insurance, there is no clear stipulation for compensating a car washed away by heavy rain, nor is such an incident classified as a general accident. Therefore, compensation is generally not available. 2. Commercial Auto Insurance: An incident where a car is washed away by heavy rain is considered an accidental event, and partial insurance compensation for repair costs due to heavy rain may be available. The amount of compensation varies depending on the insured amount and the type of insurance chosen. Most insurance types and insured amounts follow the principle of partial compensation for repair costs, as a car being washed away by heavy rain is considered an accident caused by improper vehicle supervision by the owner, resulting in very limited reimbursement amounts. 3. Water Wading Insurance: Among all types of auto insurance, there is a specific coverage called water wading insurance, which is designed for vehicle failures caused by rainfall or heavy rain. Some commercial auto insurance policies explicitly include provisions for water wading insurance. For regions prone to typhoons and heavy rains, such as coastal areas, it is advisable to add water wading insurance when selecting auto insurance. This coverage not only protects against extreme situations like cars being washed away by heavy rain but also covers vehicle damage caused by excessive air humidity or heavy rainfall. Therefore, choosing water wading insurance for such regions is highly necessary.
