The unprecedented rains in Chennai and neighbouring districts caused by Cyclone Michaung have resulted in damages to multiple motor vehicles. Once things get back to normal, here is what you have to keep in mind while making insurance claims.
Flood-damaged vehicles are covered under comprehensive motor insurance, with add-ons like zero depreciation and engine protection recommended. Total loss claims are common in severe situations, Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking Ltd, said.
Insurance claims can be made in cases where parked cars have been washed away or collided with each other due to floods or other natural disasters. This would typically fall under the comprehensive coverage of a motor insurance policy, which covers both own damage to the insured vehicle, and third-party liability, he said.
