Flood Insurance Policies: Safeguard Your Investments
Considering the floods in North India in the past few months, Flood Insurance should come in handy to
avoid losses caused by floods
.
Why Flood Insurance?
Flood Affecting
Vehicles
Flood-damaged vehicles can lead to engine failure, damage to electrical systems, rust and odour, and can also lead to malfunction of the gearbox.
How Does Flood Insurance Help?
Flood insurance
offers funding
for flood-damaged property
without draining your savings or relying on delayed assistance from the government.
Cases to Consider
The parked car gets drowned, & while starting it, the engine gets the
hydrostatic lock
.
Water damages the engine, & is not covered by insurance.
What To Do?
Inform your insurance company & get it towed to
a service centre or garage.
Point to Note
When buying car insurance, take a comprehensive plan with the
relevant add-ons
.
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