One of the most common questions we get asked is whether or not comprehensive insurance covers flood. The answer is: unfortunately, no. Most people believe that their comprehensive insurance will cover them for any damage done to their car. But the truth is, comprehensive only covers certain perils – and flood is not one of them. In this blog post, we will explore the realities of comprehensive insurance and what it actually covers. We will also provide some tips on how you can protect your car from flood damage.
What is comprehensive insurance?
Comprehensive insurance is a type of insurance that covers your vehicle against damage from events other than collisions. This includes things like theft, vandalism, fire, and weather damage. In most states, comprehensive coverage is optional and not required by law.
If you have a loan or lease on your vehicle, your lender will likely require you to carry comprehensive insurance. Even if it’s not required, carrying comprehensive coverage can give you peace of mind knowing that your car is protected against a wide range of potential risks.
While comprehensive insurance does provide valuable protection, it doesn’t cover everything. For example, it typically won’t cover damage caused by floods or earthquakes. So if you live in an area prone to these natural disasters, you’ll need to purchase separate flood or earthquake insurance.
Does comprehensive insurance cover flood damage?
If your home is damaged by a flood, your comprehensive insurance policy will cover the cost of repairs. Flood damage is not typically covered by homeowners insurance policies, so it’s important to make sure you have the right coverage in place before disaster strikes.
Comprehensive insurance is an optional coverage you can purchase as part of your homeowners insurance policy. It covers damages caused by events other than fire, such as windstorms, hail, lightning, and floods. If you live in an area at risk for flooding, it’s a good idea to add comprehensive coverage to your policy.
It’s important to note that comprehensive insurance does not cover the cost of flood mitigation or prevention measures, such as levees or sandbags. It also doesn’t cover damage caused by sewage backup or water that enters your home through foundation cracks or other openings. For these types of risks, you’ll need to purchase a separate flood insurance policy.
What are the benefits of comprehensive insurance?
If you have comprehensive insurance, also known as full coverage, your policy will cover damage to your car from most causes. These can include events like hail damage, vandalism, theft, and hitting an animal.
What comprehensive insurance does not cover is typically spelled out in your policy’s exclusions, or the list of events that are not covered by your insurance. One common exclusion is damage from floods. So if you live in an area that’s prone to flooding, it’s important to know whether your comprehensive policy will cover you in the event of a flood.
While every insurer is different, most comprehensive policies exclude damage from natural disasters like floods, earthquakes, and hurricanes. This means that if you want protection from these events, you’ll likely need to purchase a separate policy or add on riders to your existing comprehensive policy.
What are the drawbacks of comprehensive insurance?
There are a few drawbacks to having comprehensive insurance. One is that it can be expensive. Another is that it may not cover everything. For example, it may not cover flood damage.
How to decide if comprehensive insurance is right for you
There are a few things to consider when deciding if comprehensive insurance is right for you. The first is whether or not your car is financed. If it is, your lender will most likely require you to have comprehensive coverage. The second thing to think about is the value of your car. If it’s not worth very much, it may not be worth insuring for full replacement value. You should also consider your driving habits and the likelihood of your car being stolen or damaged in an accident. If you live in an area with a high crime rate or bad weather, comprehensive coverage may be a good idea.
Conclusion
No, comprehensive insurance does not cover flood damage. If you’re concerned about flood damage, you should purchase a separate flood insurance policy. Flood insurance is available through the National Flood Insurance Program and private insurers. Be sure to purchase your policy well in advance of the flooding season, as there is usually a 30-day waiting period before the coverage goes into effect.