What protection does my car have against flood damage?
If your auto insurance coverage includes Comprehensive, chances are good your insurer will pay towards the costs to repair or replace your flood damaged vehicle. Comprehensive coverage usually requires a deductible which you’ll have to pay before your insurer will pay towards any flood damage claims. Without Comprehensive coverage, you’ll have to pay 100% of the costs associated with your vehicle’s flood damage.
If you think your vehicle is covered under your flood insurance policy, think again. In general, FEMA-supplied flood insurance only covers damage to homes, not vehicles.
Unlike Liability insurance, most states don’t required registered vehicle owners to carry Comprehensive coverage. If you finance or lease your vehicle, the lender or lessor might make this coverage a condition of your lease or loan is approved. Otherwise, it’s optional.
Comprehensive offers your vehicle a lot of protection as it typically covers damage caused by all sorts of things including falling objects, adverse weather, theft, vandalism, natural disasters, riots, fire, wind, and flooding.
As always, it’s a good idea to review your insurance binder or speak with your auto insurance representative if you have any questions regarding your coverage.