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Flooded car? Here’s how to determine if it’s covered….

tony • June 16, 2018

Auto insurance can cover a lot of things – liability, uninsured motorists, rental cars, towing.  But there are just two coverage’s that cover the vehicle itself.  One is called collision coverage, which covers the damage caused objects you collide with.  And the other is comprehensive coverage, which generally covers damage from things other than collision – like a flooded car.

Do you have the proper coverage?

When trying to determine if you have coverage for a flooded car, you first need to reference your auto insurance policy to see if you have comprehensive coverage.  Comprehensive coverage will sometimes be listed as “Other than collision” coverage.  Comprehensive coverage not only covers a flooded car, but it also covers, theft, vandalism, storm damage, cracked windshield among other things.

What is your deductible?

Next, you need to identify your deductible.  Your deductible is the amount of damage you’ll cover out of pocket before the insurance coverage kicks in.  Let’s say, for example, your car is worth $20,000 at the time of the loss.  And for illustration, let’s assume you have a $500 comprehensive deductible.  If you sustain a total comprehensive loss due to flooding, your insurance company will cut you a check for $19,500 and you would sign your title over to the insurance company.

Want more tips like this?

Click Here for an article that explains the different types of auto insurance coverage or Here to find out why your auto insurance rates increased.

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