Insurance Claim: Having Comprehensive Insurance provides peace of mind, knowing that you are financially secured against a variety of risks beyond simple accidents.
Insurance Claim In Natural Disaster: When a natural disaster occurs and your car is submerged in flood water, it can cause you a big financial loss. But, if you have the right insurance for your vehicle, you do not have to repair the vehicle yourself. Its cost is borne by the insurance company.
Come, let us know here, which is the insurance policy which gives coverage for the loss due to flood or any other natural disaster and what is covered in it. Is?
Does flood damage get insurance cover?
Standard car insurance policies generally do not cover losses due to natural calamities like flood, which also includes vehicle submersion. Standard Policy, also known as “Third Party Insurance” or “Liability Insurance”. If you are at fault in an accident, it covers the losses caused to other people and their vehicles. In such a situation, it does not provide coverage for the loss of your car.
To ensure protection against water damage and other non-collision-related incidents, car owners should consider comprehensive insurance.
Comprehensive Insurance Policy
Comprehensive Car Insurance is an optional coverage that provides financial security to your vehicle in case of non-collision incidents like theft, vandalism, fire, flood, storm and natural calamities like snowfall. does. If your car is submerged in water due to flood or any other covered incident, then only a comprehensive policy can cover it.
Comprehensive Policy Coverage
Comprehensive insurance covers losses caused by natural calamities including floods. So, if your car is caught in a flood and gets damaged by water, the repairing cost can be covered by reducing the deductible amount.
Theft protection
Comprehensive Insurance not only covers the losses due to Natural Disasters but also protects you from theft. If your vehicle is stolen and not recovered, the policy will pay the current market value of your car.
Car Breakdown and Natural Disaster
Instances of damage or loss caused by unforeseen acts of nature, such as fallen trees, earthquakes, or forest fires, are also generally covered by comprehensive insurance.
Glass Coverage
Comprehensive insurance often includes glass coverage, which means that if your car’s windshield or windows are damaged, the repair cost will be covered.
What is Act of God Clause in Insurance Policies?
The Act of God clause, which is commonly found in insurance policies, deals with events or circumstances that are beyond the control of man. There is often no forecast regarding this. This clause exempts the insurance company from liability for damages caused by such events, which may include natural calamities such as earthquakes, storms, floods and lightning.
The purpose of this clause is to protect the insurer from covering losses that are beyond the scope of human influence. While the Act of God clause may provide relief for insurers, it is important for policyholders to review their coverage carefully and understand the extent to which they are protected under various circumstances.
