Will the insurance company compensate for a car submerged in a natural disaster?
1 Answers
Insurance companies will compensate for a car submerged in a natural disaster. Here is the relevant introduction about auto damage insurance: 1. Introduction: Auto damage insurance refers to a type of commercial auto insurance where the insurance company compensates within a reasonable range for damages to the insured vehicle caused by an insurance accident while the vehicle is being used by the insured or an authorized driver. 2. Note: Auto damage insurance does not provide full compensation. Insurance companies set an absolute deductible in the auto damage insurance clauses based on specific circumstances and list liability exemption clauses. Currently, many insurance companies offer no-deductible insurance, allowing the insured to transfer the deductible amount they are responsible for in an accident to the auto insurance company, resulting in a higher claim amount for the car owner.