Every coin has two sides. This also applies to the weather. During the rainy season, we get relief from the heat, but sometimes due to floods, vehicles get submerged and customers suffer losses worth thousands of rupees. During the rainy season, you must have noticed that you can always see some pictures in newspapers and on the internet, in which cars are seen submerged in rainwater. Due to a flood-like situation, a lot of water gets filled and the water enters the car. Due to this the car gets damaged. In such a situation, the question arises: if the person has insured the car, will he/she receive the full amount? Let us know.
What things should be taken into account?
However, the conditions may vary depending on your policy. In case your vehicle gets stuck in water, you need to keep a lot of things in mind. You should not start the vehicle when it is in water, i.e. the engine should remain off. If water has entered the engine, do not drive the vehicle, push it out. Make sure to record your photo and video. Apart from this, also prepare the documents required by the insurance company, after which your claim will be approved based on various conditions.
I get a lot of money
In this case, the insurance company will first consider a few things like whether your car is in repairable condition or not. If the car can be fixed, then how much will it cost to fix it? If the cost of repairing the vehicle is more than the current IDV value of your vehicle, then in this case, the company will declare the vehicle as a total loss and the IDV value will be given to you.
If the repair cost is less than the IDV value, the company will repair your car. The IDV value is the amount that the company gives you when your car is not in good condition. Let us tell you that every year the IDV value of the vehicle decreases by 10 percent.
What type of insurance is needed?
According to a report by Money9, only if you have a comprehensive insurance for your car, you will be able to claim insurance in such a situation. If you have a comprehensive policy, you will be able to claim compensation for damages caused to your vehicle due to falling trees or landslides during the rainy season. Let us tell you that losses due to natural disasters can be compensated only under a comprehensive policy and this is not the case under third party insurance.
Is third party insurance not beneficial?
However, now insurance has been made mandatory for all vehicles and third party insurance is also legal on them. In such a situation, most people take third party insurance. But, if you are going to a place where there is a high possibility of damage due to natural disasters, then you need comprehensive cover, so pay special attention to these insurance rules. Under third party insurance, you cannot claim losses caused by natural disasters.
