Will Insurance Cover Water Damage to Cars Caused by Typhoons?
1 Answers
Insurance companies will cover water damage to cars caused by typhoons, but there are two scenarios. Here are the details: 1. If the vehicle is submerged but the engine is undamaged, the vehicle damage insurance can cover the loss: Vehicle damage insurance is one of the four main types of commercial auto insurance and is the most commonly chosen by car owners. If vehicle damage insurance is not purchased, even if compulsory traffic insurance or third-party liability insurance is in place, the owner cannot claim compensation from the insurance company for losses caused by water damage from heavy rain. 2. If the vehicle is submerged and the engine is damaged without a secondary ignition, both vehicle damage insurance and water-related damage insurance can cover the loss: (1) Rainwater can enter the engine through the exhaust pipe and cause damage. In this case, only water-related damage insurance can provide coverage. Water-related damage insurance is an additional coverage that car owners purchase specifically for the engine, which is undoubtedly the most expensive part of a car. (2) Water-related damage insurance is an add-on to vehicle damage insurance and cannot be purchased separately. The owner must first purchase compulsory traffic insurance, then commercial auto insurance including vehicle damage insurance, and only then can they purchase water-related damage insurance. (3) The premium for water-related damage insurance is not high, but the loss caused by water damage to the engine can account for 20%-30% of the total vehicle value.
