Damage to motor vehicles is excluded from the flood insurance policy, which is designed to protect your home and belongings. Flooded cars are often declared total losses because repairing water damage is complicated and expensive. A total loss means that the insurance company has determined that the damage cannot be safely repaired or that the cost of repairing the vehicle is greater than the value of the car. Allowing an insurance company to track your actual driving habits, usually through a device connected to your car or a smartphone app, can offer substantial savings.
Freedom Insurance Group understands and helps car owners in Roanoke, Texas find the right coverage options for their needs at the lowest possible cost. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. If the owner of the flooded vehicle filed an insurance claim and the damage was properly repaired, you should be able to insure a car or truck that was flooded before, just as you would with any other vehicle. Remember that insurance agencies seek to offer you the best insurance policy for your needs at the lowest prices.
Some insurers may not be willing to offer collision auto insurance coverage or comprehensive car coverage for a car with a salvage title. Once the vehicle is declared as a total loss, the owner is paid the value of the vehicle at the time of the loss, minus any car insurance deductibles. You may only be able to assume responsibility for a car with a salvage title if insurers aren't willing to offer comprehensive or collision coverage for the vehicle. You can save on premiums if an insured student attends school at least 100 miles away and doesn't have access to the insured vehicle.
For example, the exact amount you save at Progressive depends on how long you've been insured on an ongoing basis. Similarly, insurers offer discounts to drivers who use the same insurance company for other types of insurance, such as homeowners or renters insurance. Minor floods that run out quickly are usually repaired, but insurance companies often consider that vehicles that are seriously flooded or remain in the water for days cannot be repaired, leading to the car being declared a total loss. Homeowners are generally offered a discount on car insurance because they are considered to be financially stable.
You'll save on premiums with most insurance companies if you can show that you've had insurance for the previous six months. Several insurers offer discounts for cars with alarms, LoJack, or steering wheel locks, which can help prevent car theft.