Will the insurance company compensate for a water-damaged car?
1 Answers
For direct losses to a vehicle caused by flooding, the insurance company will be responsible for compensation according to the terms of the insurance contract. Below is a detailed introduction to insurance compensation: External causes: If a vehicle is parked in place when suddenly hit by heavy rain, as long as the vehicle is insured with comprehensive damage coverage, the insurance company will provide full compensation. Vehicle owners should note that even if the vehicle is soaked by rainwater, as long as it has not been moved, full compensation under comprehensive damage coverage can only be claimed after reporting the incident to the insurance company. Consideration of water ingress coverage: If a vehicle is damaged by flooding while being driven on the road, the insurance company will also consider whether the vehicle is insured with water ingress coverage when settling the claim. For insurance purchased before September 19th, vehicle owners needed to separately purchase additional water ingress coverage. Only if the vehicle is insured with both comprehensive damage coverage and water ingress coverage will the insurance company provide full compensation for losses incurred due to flooding while driving. For vehicle insurance purchased after the insurance reform on September 19th, commercial insurance already includes comprehensive damage coverage, water ingress coverage, spontaneous combustion coverage, and glass coverage, among others, and the insurance company will also provide full compensation. Personal reasons: If a vehicle stalls due to flooding while being driven and the owner attempts to restart the engine, resulting in damage from water immersion, the insurance company will not provide compensation for such cases.
