Will the compulsory traffic insurance cover the compensation if the car is flooded?
2 Answers
The compulsory traffic insurance does not cover the damage caused by flooding, as it is designed to compensate for the damage to third-party vehicles and individuals. To claim for vehicle damage, you need to have purchased vehicle damage insurance. The compulsory traffic insurance is mandatory by the state, and it is required for the vehicle to be legally driven on the road. According to Article 98 of the Road Traffic Safety Law: The traffic management department of the public security organ shall detain the motor vehicle, notify the party to provide the corresponding license, mark, or go through the corresponding procedures, and may issue a warning or impose a fine of not less than 20 yuan but not more than 200 yuan. Compulsory Traffic Insurance for Automobiles: The full name of the compulsory traffic insurance is 'Compulsory Liability Insurance for Motor Vehicle Traffic Accidents.' It is a mandatory liability insurance where the insurance company compensates for personal injury, death, and property loss of the victims (excluding the vehicle occupants and the insured) caused by road traffic accidents within the liability limit. The premium is based on the nationally unified standard rates. However, the price of compulsory traffic insurance varies for different vehicle types, mainly influenced by the number of car seats. Compared to the more than 20 exemption clauses in commercial third-party liability insurance, the compulsory traffic insurance covers a much broader range, including losses caused by intentional actions of the victim, the insured's own property loss, related arbitration and litigation costs, and some indirect losses caused by the accident. Moreover, regardless of whether the insured vehicle is at fault in the accident, the compulsory traffic insurance will compensate within the liability limit, with no deductible or exemption. Introduction to Electronic Insurance Policies: An electronic insurance policy refers to a digital policy issued by an insurance company with an electronic signature, using digital signature software and enterprise digital certificates that comply with the PKI system. An insurance policy, abbreviated as a policy, is the official written proof of the insurance contract between the insurer and the insured. The policy must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content recorded in the policy serves as the basis for both parties to fulfill the contract. The insurance policy is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources, eliminating the need to print insurance proof marks; Time-saving and convenient, not restricted by time or location, with information accessible online anytime, quickly and easily; Can apply for reissuance or resending, no need to worry about losing it. If a paper version is needed offline, it can also be printed or mailed; Easy management, with electronic unification making it easier for insurance companies and traffic police departments to manage the insurance information of various vehicles.
Last summer, I had the misfortune of experiencing my car being flooded. At that time, I only had compulsory traffic insurance, thinking it was a good way to save money. However, after the flood, the car's engine got waterlogged, and the repairs cost me over 5,000 yuan. The insurance company explained that compulsory insurance only covers compensation for hitting others and doesn't protect your own vehicle's damage. This really taught me a lesson—compulsory insurance is essentially mandatory third-party liability insurance, only covering your liability when you hit someone else, and doesn't cover natural disasters like flooding. Later, I quickly purchased vehicle damage insurance, which covers incidents like flooding and fire. Looking back now, if I hadn't added other insurance types, it would have been a total waste of money and increased my risk. I advise all car owners not to just go for the cheapest option. Flood damage is quite common, especially in cities prone to waterlogging during the rainy season. Getting a comprehensive insurance package offers more peace of mind—at least your car can be repaired and driven again. Otherwise, a single rainstorm could render your car a total loss, leaving you with nothing but regret.
