Will the insurance company compensate for a flooded car without water damage insurance?
1 Answers
Yes, it can be compensated. After the auto insurance reform, water damage insurance has been included in the vehicle damage insurance. As long as the owner has purchased vehicle damage insurance, the vehicle can be compensated even if water damage insurance was not purchased separately. However, the compensation rules vary depending on different situations. If the vehicle was stationary when it was flooded, the vehicle damage insurance can be claimed, and the insurance company will compensate based on the actual loss of the vehicle. Vehicle Damage Insurance: This refers to a type of commercial auto insurance where the insurance company compensates within a reasonable range for damage to the insured vehicle caused by an accident while the insured or an authorized driver is operating it. Additionally, in the event of an insurance claim, the necessary and reasonable rescue expenses paid by the insured to prevent or reduce the loss of the insured vehicle shall be borne by the insurer, up to the insured amount. Water Damage Insurance: Also known as "Engine Special Loss Insurance," it is an add-on to vehicle damage insurance. Apart from other vehicle damages, it provides separate compensation for engine damage caused by water submersion.
