Will the insurance company compensate if the car is flooded with only water wading insurance purchased?
1 Answers
If only water wading insurance is purchased, the insurance company will not compensate for a flooded car. Introduction to auto insurance: Motor vehicle insurance, also known as auto insurance (abbreviated as car insurance), is a type of commercial insurance that covers personal injury or property damage caused by natural disasters or accidents to motor vehicles. Motor vehicle insurance, or "car insurance," is a type of transport insurance that covers the vehicle itself and its third-party liability. The earliest auto insurance: The first motor vehicle insurance policy was issued in 1895 by the "Legal Accident Insurance Company" in the UK, covering third-party liability for cars with premiums ranging from £10 to £100, with the option to increase coverage under higher premiums.