Will the vehicle damage insurance cover the claim if the car is flooded due to rain?
1 Answers
Vehicle damage insurance will cover the claim if the car is flooded due to rain. The following is a related introduction to vehicle insurance: 1. Introduction: Vehicle insurance, also known as motor vehicle insurance or auto insurance, refers to a type of commercial insurance that compensates for personal injury, death, or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a form of property insurance. In the field of property insurance, auto insurance is a relatively young category, as it emerged and developed alongside the appearance and popularization of automobiles. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability coverage and gradually expanded to include risks such as collision damage to the vehicle body. 2. Classification: Commercial insurance is an open-valued insurance, divided into basic insurance and additional insurance, with the latter not being independently insurable. Basic insurance includes third-party liability insurance and vehicle damage insurance. Additional insurance includes comprehensive theft insurance (theft coverage), on-board liability insurance, no-fault liability insurance, cargo drop liability insurance, standalone glass breakage insurance, vehicle downtime loss insurance, spontaneous combustion loss insurance, new equipment loss insurance, and no-deductible special insurance. Compulsory traffic insurance (i.e., compulsory motor vehicle traffic accident liability insurance) also falls under the broad category of third-party liability insurance. Compulsory traffic insurance is mandatory, and motor vehicles must purchase it to be allowed on the road, pass annual inspections, and register. In the event of third-party losses requiring claims, compulsory traffic insurance must be paid out first before other insurance types are compensated.
