Your car is vulnerable to innumerable risks, whether accidents or natural calamities. Rainy seasons and untimely heavy rains can be a dreadful period for you, and rightfully so.
So you may be wondering, does full coverage car insurance cover flooding damages? Or is flood covered by car insurance inclusions?
Well! Fortunately, the answer is yes! When you compare policies with an online car insurance calculator, you can view the inclusions of the policy you buy. Flood or natural disaster damage is one of the most common inclusions in a car insurance policy.
Car Insurance Flood Coverage
A good car insurance policy offers car flood insurance. The length of the support and the scope of assistance completely depend on the coverage provided by the policy you choose. In general most comprehensive plans will offer coverage for flood damage.
Therefore, buying comprehensive four-wheeler insurance from reputed providers like TATA AIG will provide the best and the most widespread coverage. Let us further understand how four-wheeler insurance offers financial support during floods and other such natural calamities.
Car Flood Insurance Coverage
● Standard Comprehensive Cover
You only get car flood insurance coverage if you buy a comprehensive four-wheeler policy or own-damage car insurance policy.
With an own-damage policy, you have limitations on the kinds of add-ons you can opt for. However, with comprehensive car insurance, you can customise your policy by adding multiple and wide range of add-on covers.
● Engine Protection Cover
An add-on cover that protects your engine from severe damage by offering funds to replace or repair the engine is an engine protection add-on. A flood can severely affect your car’s engine health. Since the engine is the heart of your four-wheeler, adding this car insurance policy add-on cover will prove to be a smart decision.
● Roadside Assistance Cover
A roadside assistance rider is an add-on coverage that provides assistance when you are stranded on the road for any given and covered reason. The add-on covers emergencies such as car breakdowns, brake failures, accidents, flat tyres, empty tanks and flooding.
● Zero Depreciation Cover
Zero depreciation add-on coverage is a feature that covers any depreciation costs during repairs and replacements of car parts. With this add-on, at the time of claim settlement, the car insurance policy provider will not consider the depreciated value of the four-wheeler. Instead, you will receive a full claim amount.
● Return to Invoice
A flood can cause the complete or partial loss of your car. If you want to get complete compensation for it, return-to-invoice and zero-depreciation add-ons are highly recommended. The return-to-invoice add-on offers reimbursement of your car’s total invoice amount rather than its IDV value.
● Loss of Personal Belongings Cover
Loss of belongings, as the name suggests, is a rider that offers coverage for any of your lost belongings that were in the car at the time of the accident, in this case, at the time of the flood.
The above features allow you to file a claim against the damage caused to your vehicle by flood. However, there are also exclusions.
Exclusions of Car Flood Insurance Coverage
- The policy will not offer coverage if the flood damage was caused while driving on the wrong side of the road or in a restricted area.
- The policy will not offer coverage if the owner-driver is found driving without a valid driver’s licence.
- The policy will not offer coverage if the policy has already expired or lapsed.
- The policy will not offer coverage if the owner-driver is found driving under the influence of alcohol.
- The policy will not offer coverage if the car is overspeeding or engaging in unlawful activities.
Conclusion
A car insurance policy offers protection against damage caused due to natural disasters like floods, earthquakes and cyclones. These natural disasters can cause extreme and excessive damage to your car.
Understanding coverage can help you navigate the unforeseen situation seamlessly. Reading all the necessary details in your policy papers is important to avoid claim rejections.