Will the car be compensated if it is submerged after paying the vehicle and vessel tax?
2 Answers
Paying the vehicle and vessel tax does not entitle compensation for a submerged car. The vehicle and vessel tax is levied by the state, with insurance companies merely acting as collection agents. To receive compensation for water damage, one must purchase additional water ingress insurance. Below are some considerations when buying auto insurance: Purchase Channels: It is important to choose legitimate insurance companies and certified agents who have formal agency contracts with insurers. Personal Needs: Select insurance products based on your actual needs and fully understand the terms and conditions of the auto insurance policy. Important Documents: Pay attention to the use and safekeeping of key insurance documents, fulfill the obligation of truthful disclosure, pay premiums on time, and agree on dispute resolution methods with the insurance company.
Paying the vehicle and vessel tax is like giving your car an ID card. The government collects this tax solely for administrative purposes, not as insurance. Whether your car gets compensated if it's flooded mainly depends on whether you've purchased the corresponding auto insurance. For example, when you initially bought insurance for your car, did you add something like water damage coverage? If you only have basic insurance, natural disasters like floods may not be covered. A friend of mine had his car flooded last year, and he forgot to purchase comprehensive coverage, so the insurance company didn't pay a penny, leaving him to cover the repair costs himself. I suggest you quickly check your insurance policy to confirm the coverage. If you do encounter a flood, it's best to take photos and videos as evidence immediately and contact your insurance company for processing. If you live in a low-lying area, getting full coverage is more worry-free; spending a few hundred extra is worth it to prevent future troubles.
