Step by Step Guide to Insurance Claims for Flooded Car
By Andrea Nicole
Posted on Dec 09, 2020
Natural disasters such as typhoons and storms that come without notice can destroy properties. Other than houses, cars are also affected by these catastrophic events. When cities and towns are submerged from the flood, it can cause extensive damage to your automobiles.
When your car is drowned in a flood, it can ruin the vehicle's electrical and mechanical system resulting in costly repairs. It is much better to invest in car insurance policies that ensure your vehicle's safety to save money from repairs for your flooded car.
Types of Car Insurance
Car insurance saves you from financial emergencies due to road accidents and natural calamities. Most countries require compulsory car insurance upon procurement. Moreover, many insurance companies offer their products. However, it would be best to choose what is best for the vehicle, the driver, and third party specific needs.
Before thoroughly understanding how car insurance works, look at the various insurance types you can select.
- Liability Coverage: This insurance rescues if you have caused an accident. It covers the repair cost and medical bills of the third party.
- Collision Coverage: Through this insurance, you can assure that the company will bear the car's repair expenses after the accident.
- Personal Injury Coverage: Under this insurance, the medical bills caused by accident are covered. Regardless of whose fault the accident is, the insurance company will pay the medical bills.
- Comprehensive Coverage: This insurance includes all kinds of risk factors that are related to your vehicle, driver, passengers, and third-parties. Moreover, it covers weather damage, flood, fire, and theft.
Guide to File Insurance Claims for Flooded Car
Here are the following steps in claiming your insurance for the flooded car if you have comprehensive coverage insurance.
- Communicate with the insurance company regarding your concerns or issues.
- Upon contact, provide necessary details about the previous and current situation of your car.
- After the insurance company learns the vehicle's complete details, they will provide a reference number for a better transaction.
- The insurance company will schedule a pick-up time for your car to inspect the flooded car's damage.
- They will assess and examine the damage to your car through the help of a surveyor. After the extensive analysis of the total damage, the garage service team will inform the insurance company about the estimated expense for the vehicle's repairs and the cost you have to pay. If you have concerns regarding the payment, you can contact the insurance company. But if the terms and conditions are fair to you, you can sign the approval sheet.
- Ask the garage team about the car's repair timeline and check the car's status.
- Upon completion of the repair, inspect the condition of the car. If the vehicle is working correctly, you need to settle the payment for the repair.
- Sign the necessary documents, and you can claim the car.
Ensure that the insurance can cover your concerns through the add ons that company insurance companies offer. In this section, learn more about the must-have addons you should purchase for your car.
- Zero Depreciation Cover: Comprehensive Insurance covers the damages of both individuals and third parties. However, the claim is paid only after the deduction of the depreciation from the insured value. Through this add-on, you can ensure to recover the market value of your flooded car.
- Engine Coverage: When your car has been submerged in the water, engine damage could result. Through this coverage, it will cover the damages caused by a consequential loss. This add on compensates for the expense of the engine’s repair or replacement.
Many motorists or drivers ignored the importance of Car Insurance Add On for their safety assurance. However, these add ons provide solutions for unexpected situations. Ensure that you have suitable car insurance and add ons for your vehicle to shield you from financial emergencies.