Can Auto Insurance Cover Flood Damage?

​Living in a flood-prone area puts you at risk of damaging your car and other properties. You can prevent such a major loss by securing comprehensive auto insurance, which covers damages by either paying for repairs or the car's current cash value.

What You Should Know About Comprehensive Insurance
Flooding is just one out of the many incidents that comprehensive insurance covers. Fires, thefts, vandalism,  hail storms, and a fallen tree smashing the windows are other unforeseen incidents you are being covered from when purchasing this type of auto insurance.

A deductible is a calculated amount stated in your insurance policy that you, as the insured, are required to pay out of the total cost of damages incurred after a flooding incident. After paying the deductible, your insurance claim covers payment for the rest of the damages. 

The annual average cost of comprehensive insurance is approximately $168, as stated by the National Association of Insurance Commissioners.

Collision and Comprehensive Insurance: The Perfect Pair
Auto insurance is broad and has different types under it, namely:

• Liability coverage
• Collision coverage
• Comprehensive coverage
• Uninsured motorist insurance
• Underinsured motorist 
• Personal injury protection insurance
• Gap insurance

Collision and comprehensive insurance make the perfect pair. Securing this package covers you on all fronts, whether you are involved in an accident or have your vehicle vandalized due to heavy storms or attempted theft. These two types of auto insurance are considered a requirement by leasing companies if you want to lease your car.

Getting liability coverage is also advised because it covers the cost of damages sustained by the car you collided with. You can include other suitable car insurance types in your policy that best suits you to minimize unexpected damages. According to the National Association of Insurance Commissioners, it costs $378 a year to purchase collision insurance annually.

How To Spot a Flooded Car for Sale
Floods especially flash floods cause a lot of damage to vehicles which causes insurance companies to total it. When your car is totaled, it is because the damage done by the flood is extreme, making it unfit to drive on the road anymore unless repairable. There are cases where flooded cars escape the junkyard and are sold to innocent buyers, which is wrong. 

Here are some signs of a flooded car:

• Mismatched carpets
• Stale odor
• Rusted doors and pedals

Conclusion
Keeping an eye out for some of these signs of a flooded car in the market saves you some money, and having auto insurance coverage saves you even more. Flooding is not something hoped for, but it is best to put in some necessary safety measures for yourself and your car.

At Insurance Marketplace Inc, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (541) 779-0177. Get your free quote today by CLICKING HERE. Any coverage discussed is not guaranteed. Please contact us today to go over your policy to ensure your needs are met! We are here and happy to help.