Will Insurance Cover Flood-Damaged Cars in Henan?

[VonKeegan]

If the insurance was purchased before September 19, 2020, full compensation requires both comprehensive insurance and engine water damage coverage. If only comprehensive insurance was purchased, engine water damage is not covered. For insurance purchased after September 19, 2020, as long as comprehensive insurance is in place, full compensation is provided regardless of whether the car was flooded while moving or parked, or if the engine was restarted after stalling. Below is detailed information about engine water damage coverage: 1. Overview: Engine water damage coverage is a newly derived insurance type, serving as an additional coverage that car owners can purchase for their vehicle's engine. 2. Function: It provides certain compensation when the engine is damaged due to driving through waterlogged roads or being submerged. 3. Compensation Method: Each claim under water damage coverage is subject to a 15% absolute deductible. Compensation is based on actual repair costs within the insured amount. When the cumulative claim amount reaches the insured amount during the policy period, the insurance liability terminates.