When can insurers reject monsoon-damaged automobiles?

NEW DELHI: Insurance firms are flooded with claims of engine failure yearly throughout monsoons. Most claims in the course of the monsoon season are related in nature – engine harm on account of water or hydrostatic lock. Insurers largely outright reject these claims as such damages are prompted on account of negligence of the automobile house owners.

Engine harm on account of water can, sometimes, occur in two eventualities. One, the automobile was submerged in water. The proprietor tried to begin it after the water receded, and the engine obtained seized. Second, the automobile proprietor drove by means of a flooded space, and the water entered the engine inflicting harm to it.

If you wish to keep away from rejection, listed here are just a few steps you’ll be able to take.

If your automobile is submerged in water, name up the insurance coverage firm. Explain the scenario and ask what you are able to do. The insurer might counsel you are taking the car to the closest authorised storage for inspection. The concept right here is to point out that you just took ample precaution. If the engine nonetheless will get broken, it might be thought-about an accident, not negligence.

Engine harm when driving by means of a waterlogged space is disputable. But the insurer would nonetheless reject it as there’s no technique to know whether or not the drive took ample precaution or not. The solely choice in such a case is to keep away from beginning the automobile if it shuts off in a flooded space. Once the water degree recedes, name the insurer and ask for steering.

To keep away from such disputes, you may purchase an engine safety add-on cowl. The add-on will cowl every kind of damages to the engine and isn’t costly. However, you can not buy it as soon as the insurer points the coverage. You might want to wait till renewal.

Do word that if the water enters the cabin and damages elements like audio system, sensors, or electrical gear, the insurer will solely pay for factory-fitted elements. Whatever you bought individually won’t be lined except you might have an add-on overlaying such fittings.

(Do you might have private finance queries? Send them to mintmoney@livemint.com and get them answered by business consultants)

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