Cyclone Michaung: How To Manage Vehicle Damage Claims During Floods & Natural Disasters? – News18

Videos of autos getting washed away in floods and rains have began surfacing throughout social media. It is not any shock that Cyclone Michaung has taken Chennai metropolis by storm and amongst different severely impacted property, motor autos have emerged as one of many distinguished casualties. This has not solely added to the despair of people however sparked apprehensions concerning the looming monetary burden of their restore.

This article seeks to offer an intensive information on navigating the method of claiming injury attributable to Cyclone Michaung beneath motor insurance coverage insurance policies.

Also Read: Auto Insurance Hacks For Millennials: Saving Money Without Sacrificing Coverage

The at first is to maintain calm and be affected person whereas coping with the declare course of. A complete insurance coverage coverage comes helpful in relation to safeguarding in opposition to the unpredictable forces of pure disasters, notably floods. While this insurance coverage kind covers in depth repairs for autos broken by floods, it is very important observe that sure elements corresponding to engine or gearbox damages, is probably not included. To bridge these gaps in protection, incorporating particular add-ons turns into important for an enhanced and tailor-made safety plan.

These supplementary choices provide monetary safeguards and might be custom-made to offer extra protection. Key add-ons embody:

Engine Protection Cover: This add-on supplies monetary protection for the repairs or substitute of broken engine elements ensuing from water ingression—a standard concern throughout floods.

No Claim Bonus (NCB) Protection Cover: Preserving NCB advantages even after submitting a declare, this add-on ensures the retention of earned reductions over consecutive declare-free years.

Return to Invoice Cover: In the occasion of irreparable injury as a result of flooding or theft, this cowl permits the policyholder to say the acquisition value or bill worth of the automobile.

Zero Depreciation Cover: By eliminating depreciation from the declare calculation, this add-on ensures the policyholder receives the whole worth of automobile repairs.

Consumables Cover: This add-on protects in opposition to bills associated to consumable objects like lubricants, engine oil, nuts, bolts, and grease throughout accidents or pure calamities.

Roadside Assistance Cover: Offering 24×7 emergency roadside help, together with towing providers and varied advantages, this add-on proves invaluable if the automobile turns into stranded as a result of floods.

Initiating a declare for automobile injury ensuing from floods follows a comparatively simple course of. Policyholders ought to promptly contact their insurance coverage firm, offering proof corresponding to pictures or movies showcasing the extent of the injury.

Essential paperwork, together with the automobile’s Registration Certificate, the proprietor-driver’s Driving License, a smooth copy of the Policy Document, and any related proof-associated paperwork, must be available. Following the insurance coverage firm’s evaluation, the declare will bear processing.

However, one thing sudden may occur regardless of the submission of all vital paperwork. Instances of declare rejection could floor as a result of recognized consequential injury—hurt ensuing from actions which will or is probably not beneath one’s management. For instance, trying to crank the engine whereas submerged underwater can result in a hydrostatic lock and subsequent injury not solely attributable to flooding. To mitigate such conditions, it’s advisable to spend money on an engine safety add-on.

In conclusion, people residing in flood-inclined areas are strongly suggested to think about motor insurance coverage insurance policies and improve protection with the suitable add-ons.

This proactive method ensures complete safety in opposition to potential monetary setbacks ensuing from flood-associated damages to autos.

-The creator is Chief Underwriting Officer, ACKO. Views expressed are private. 

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