MELBOURNE, Australia, May 23, 2022 (GLOBE NEWSWIRE) — According to major cars and motorcycle insurance specialist Eric Assurances, while accidental water damage is covered by most Complete car insurance policies, driving through flood waters may be considered reckless by insurers. In some cases, water damage claims may be denied.
Victoria State Emergency Services (VICSES) says it only takes water 15cm deep with a flow speed of around 3.6km/h to float a small car, while a medium-sized car can be moved by water about 30 cm deep. As Eric Insurance explains, it can be easy for motorists to misjudge the danger of driving through floodwaters and find themselves in a potentially dire situation.
Some third-party auto insurance policies may cover fire and theft, but are unlikely to cover flood damage. Eric Insurance says flood damage coverage is usually only available with comprehensive auto insurance. However, not all comprehensive car insurance policies will cover water damage in all cases, so it is important to read the Product Disclosure Statement (PDS) that accompanies the policy to understand what is covered and what exclusions. may apply.
Comprehensive auto insurance policies that cover flood damage will likely cover the cost of repairing or replacing the vehicle. Eric Insurance suggests that before ordering repairs it is essential to contact the insurance provider first as many cars that have been damaged by flood waters are likely to be written off.
Modern vehicles can cope with a wide range of conditions, but if flood water has reached the lower door levels before receding, it is likely that mechanical components could be destroyed, including the engine, as well as electrical systems.
Australian company Eric Insurance has over 20 years experience in the motor insurance industry. To learn more about the best car insurance policy for an individual’s situation or to get a quote for car insurance onlinecontact eric Assurances.
Disclaimer: This article may contain general financial product advice that does not take into account your personal financial situation. Be sure to read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making any decisions about your insurance. For more information, call 1800 999 977.
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