When buying auto insurance, buyers are primarily focused on third party damage or personal damage, but there are some who consider the potential damage from natural disasters such as floods, rains, and landslides. Natural disasters are one of the last thoughts that come to mind when thinking about what can cause losses to our valuable assets. A car is one of the most expensive assets a person can buy in their lifetime. It is also important to ensure that these valuable assets are not affected beyond human control. A high percentage of cars are damaged when tree branches fall on them. Therefore, when purchasing auto insurance, one should check whether the damage caused by natural disasters is covered by the auto insurance policy.
Third Party Insurance:
A third party auto insurance policy is the basic cover set out in the Motor Vehicles Act 1988. A third party auto insurance policy covers the policyholder against legal obligations to cause damage or damage to a third party. Extensive insurance policy covers a wide range of events, including natural disasters, and therefore provides greater protection.
Comprehensive auto insurance
Comprehensive car insurance policy covers damage and damage caused by many natural disasters and damage caused by falling branches or poles of electric trees. Some auto insurance companies cover damage caused by natural disasters. What are the examples of theft, destructive acts and animal damage? People living in naturally exposed areas.
Natural disasters such as floods, rains and earthquakes are essential to ensure that your vehicle’s insurance policy covers the damage caused by these natural disasters. Without a comprehensive insurance policy, the policyholder must assume the risks associated with losses from natural disasters.
Vehicle owners have the mentality that their auto insurance policy will protect their car from all kinds of damage, including damage to the engine. However, extensive auto insurance policy does not cover damage to engines caused by water entering due to constant rotation or so-called “hydrostatic lock”. This is because the damage is caused by engine movement and therefore is not a potential event.