Seeing your car stuck in a flood can be very depressing, especially if the vehicle has been in your family's possession for years. Double that if you saw a friend trapped in the middle of a flood and they're standing atop the vehicle. As recent floods brought about by Hurricanes Katrina and Sandy have demonstrated, vehicles that have suffered flood damage have numerous problems, and are usually marked as next in line for scrap parts. However, a look at your vehicle's insurance policy will reveal some interesting tidbits.
If you took out a comprehensive insurance policy for your vehicle, check the damage provisions; these will allow reimbursements for damages from so-called forces majeure, such as contact with animals on the road and catastrophes—floods fall in the latter category. In Louisiana, comprehensive deductibles range from zero to as much as $250, meaning you will only have to pay the deductible and the policy will cover the rest, up to the vehicle's insured value.
However, you have to find out how much the comprehensive coverage will cost. Determine as well how much the company will pay in case the vehicle is badly damaged or destroyed. It is wise to weigh in your options for flood damage when taking out an auto insurance policy. It will come in handy when you're living in a state often plagued by floods like Louisiana.
If you took out a comprehensive insurance policy for your vehicle, check the damage provisions; these will allow reimbursements for damages from so-called forces majeure, such as contact with animals on the road and catastrophes—floods fall in the latter category. In Louisiana, comprehensive deductibles range from zero to as much as $250, meaning you will only have to pay the deductible and the policy will cover the rest, up to the vehicle's insured value.
However, you have to find out how much the comprehensive coverage will cost. Determine as well how much the company will pay in case the vehicle is badly damaged or destroyed. It is wise to weigh in your options for flood damage when taking out an auto insurance policy. It will come in handy when you're living in a state often plagued by floods like Louisiana.