EXPECTING A FLOOD COVERAGE? CHECK YOUR POLICY AGAIN
It’s the rainy season and rain precipitation is high with potential flooding. For vehicle owners, the flooding part is perhaps the most worrying, even if their vehicles are insured.
This is because damages due to flooding is not covered in a standard plan. Insurance benefits associated with flooding are packaged as an additional benefit, or rider. You can purchase it after you acquire the primary policy plan, whether it’s partial or all-risk.
At the same time, insurance companies are well aware of how important flood coverage is. That is why this additional benefit may offer not only to cover costs of repair, but also to evacuate your vehicle(s) in the event of entrapment. In a flood situation, this offer is certainly invaluable.
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Once you have an extended policy, don’t forget to peruse the terms and conditions of insurance claims. There are conditions that can render your claim eligibility void; for example, if you deliberately drive through a flooded area.
This, however, should be considered as your own safety precaution. Driving through a flood certainly poses safety hazards, not to mention the potential damage it causes to your vehicle. Having an insurance is certainly not a license to be rash.
If your plan has not covered flood, you may want to consider calling your agent and acquire the rider. For new vehicle purchase, the item may already be insured as part of the instalment plan. Again, be wise to inquire about the risks the insurance cover.
Purchasing a rider does incur additional costs for you. Yet, the benefits may exceed the cost, as it provides greater protection and peace of mind.