Will water damage to the car be compensated?
1 Answers
If the car is waterlogged, compensation is possible, but the car damage insurance must have been purchased after September 19, 2020, to be eligible for a payout. The following are the reasons: 1. Includes water damage coverage: Because it includes water submersion coverage. For commercial auto insurance purchased before September 19, 2020, it must include both car damage insurance and water submersion coverage to receive compensation. For relatively low-priced cars, with both water submersion and car damage insurance, and if the engine is damaged, full compensation can be provided. 2. Repairs based on the car's age: If it is a very old car that has lost its repair value, it will be treated as a total loss. If the repair cost exceeds 50% of the car's value, the insurance company will consult with used car dealers to sell it.