LOS ANGELES, Oct. 10, 2018 /PRNewswire-iReach/ -- Cheapquotesautoinsurance.com has released a new blog post that explains how car owners can be compensated for flood and hurricane damage by their auto insurance coverage.
Federal Emergency Management Agency (FEMA) administrator Brock Long warned at a press conference Wednesday morning that Hurricane Michael is expected to be one of the worst Georgia and Florida have experienced. He said that people should "wake up and pay attention".
Hurricane Michael is expected to cause significant losses in terms of the number of totaled cars. So, it is natural for drivers to ask themselves if their insurance plan will reimburse them. Find out more and get free car insurance quotes from http://cheapquotesautoinsurance.com.
Comprehensive car insurance is designed to deal with damage caused by nature. Under the terms of the contract, the policyholder will be reimbursed if the car was damaged by extreme weather. Comprehensive also reimburses the owner if the car was totaled. So, if the car was flooded by Hurricane Michael, this policy will cover the costs.
The insurance company will use the Actual Cash Value. This means that the policyholder will be reimbursed for the value of the car at the moment when the car was flooded. A car's value depreciates over time. This is a very important thing to remember.
Comprehensive coverage will also reimburse the policyholders for damaged accessories. But only if those accessories were declared and covered before the car was damaged. Making claims for accessories that were not declared is useless. No company will reimburse undeclared items.
Insurance companies do not allow customers to purchase comprehensive coverage once a hurricane was announced. This is a safe-lock for companies and prevents potential bankruptcy. Otherwise, the companies will have to pay a lot of money to policyholders who paid one or two premiums.
Reduce the damage caused by the hurricane. Once it is safe, get the vehicle to a safe location and dry it. Besides reducing the damage, the policyholder will have more changes for a better claim settlement.
"Comprehensive coverage is designed to cover damage caused by extreme weather conditions. If your car was flooded during Hurricane Michael, you should file a claim", said Russell Rabichev, Marketing Director of Internet Marketing Company.
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Media Contact: Russell Rabichev, Internet Marketing Company, 8183593898, firstname.lastname@example.org
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