Will Insurance Cover Water Damage to Cars Due to Weather Conditions?
1 Answers
Insurance will cover water damage to cars caused by weather conditions. Below is relevant information about vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that covers personal injuries, deaths, or property losses caused by natural disasters or accidents involving motor vehicles. Auto insurance is a category of property insurance. Within the realm of property insurance, auto insurance is relatively new, as it emerged and developed alongside the advent and popularization of automobiles. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability coverage and gradually expanded to include risks such as collision damage to the vehicle body. 2. Classification: Commercial insurance is an indeterminate-value insurance, divided into basic insurance and additional insurance, with the latter not being independently insurable. Basic insurance includes third-party liability insurance and vehicle loss insurance (comprehensive coverage). Additional insurance includes total vehicle theft insurance (theft coverage), onboard liability insurance, no-fault liability insurance, liability insurance for falling cargo, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, new equipment loss insurance, and deductible waiver insurance. Compulsory traffic insurance (i.e., compulsory motor vehicle traffic accident liability insurance) also falls under the broad category of third-party liability insurance. Compulsory traffic insurance is mandatory; motor vehicles must be covered by it to be driven on the road, undergo annual inspections, and be registered. In the event of third-party losses requiring claims, compulsory traffic insurance must be paid out first before other types of insurance are applied.
