Understanding Flood Damage & Auto Insurance

In Albany, OR, it is important to understand the relationship between auto insurance and flood damage. Although floods can cause a great deal of destruction, not all forms of auto insurance policies cover the resulting damages.

Allen & Associates Insurance Inc. wants you to understand exactly what type of coverage you have and how much it will cost for additional protection if necessary.

What Does Auto Insurance Cover?

In general, standard auto insurance policies are designed to provide coverage for accidental damage or loss caused by an event that is not specifically excluded from the policy. This means that most policies will provide at least some level of coverage for damages caused by a collision with another vehicle, theft, or vandalism.

However, many policies also exclude certain types of events such as floods or earthquakes. If your policy does not specifically list flood damage as being covered, then it is likely that you won’t receive any compensation for any damages incurred due to flooding.

Additional Coverage Options

If you want additional protection against flood damage, you may be able to purchase a separate policy that covers this type of damage specifically. These policies are typically available through private insurers. They can be quite affordable depending on where you live and how much risk you’re willing to take on.

These policies often have high deductibles and limited coverage amounts; however, they can help protect your car from potential financial losses due to flooding if something should happen.

Contact Us Today

Understanding your auto insurance policy and knowing what it covers (and does not cover) is essential when it comes to protecting yourself from potential financial losses due to floods in Albany, OR.

Got more questions? Contact Allen & Associates Insurance Inc. today, and we’ll answer!