Will the insurance company compensate if the vehicle is flooded?
1 Answers
If you have purchased vehicle damage insurance, the insurance company will compensate. According to the relevant provisions of the insurance policy, vehicle losses caused by general "natural disasters" such as rainstorms, floods, landslides, and mudslides fall under the coverage of vehicle damage insurance in commercial auto insurance, and the insurance company will settle the claim. Therefore, the insurance company will be responsible for compensating the direct losses caused by the vehicle being flooded, as stipulated in the insurance contract. The following are the contents included in commercial auto insurance: 1. Vehicle Damage Insurance: Used to compensate for losses caused by natural disasters and accidents to the vehicle itself. It is recommended for beginners to purchase. 2. Third-party Liability Insurance: Used to compensate for losses of third-party personal injuries or deaths caused by the vehicle owner. This must be purchased as it provides protection for both yourself and others. 3. No-fault Insurance: An additional insurance that transfers the responsibility the vehicle owner needs to bear to the insurance company, reducing the owner's losses. It is advisable to purchase no-fault insurance if both vehicle damage insurance and third-party liability insurance are bought. 4. Theft and Robbery Insurance: Used to compensate for damages caused by vehicle theft, robbery, or seizure. It is recommended for new car owners without a garage to purchase. 5. Passenger Liability Insurance: Used to compensate for losses of the driver and passengers in the vehicle due to traffic accidents. Premiums are generally paid per seat. It is recommended for beginners or family vehicles to purchase.
