Latest news with #insurancepolicies
Forbes
22-07-2025
- Automotive
- Forbes
Does Your Car Insurance Cover Flood Damage? What You Need To Know Before The Next Storm
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Flooding can wreck your car in minutes, and if you're not prepared, it might wreck your wallet just as fast. As extreme weather becomes more common across the U.S., more drivers are asking an important question: If my car gets caught in a flood, will my insurance cover it? The answer depends on the kind of coverage you have. And if you only have basic liability coverage, you likely won't have protection against flood damage. Does Your Car Insurance Cover Flood Damage? In July, heavy rains led to severe flooding across parts of New York and New Jersey. Flooded streets and subway stations caused major disruptions throughout the region. If rising waters damaged your car, it could have suffered serious damage, from engine and electrical issues to soaked interiors. Unfortunately, regarding flood damage, not all car insurance policies offer equal protection. If you want protection against floods, you need comprehensive coverage. This type of insurance typically covers fire, theft, vandalism and flooding. It's usually optional but included in many full coverage plans. Liability insurance, which most states require, won't cover damage to your vehicle. It only pays for damage or injuries you cause to others. Collision coverage won't help either, as it only applies if you crash into another car or object. So, if rising waters catch you off guard, comprehensive coverage is what you'll want to have on your side. What's Covered Under Comprehensive Coverage? If you have comprehensive coverage, your insurance may cover: water damage to the engine or electrical systems ruined upholstery or interior mold or mildew caused by flooding repairs—or even a complete replacement if the car is totaled What's not covered? Your belongings inside the car. If a flood soaks your laptop or new handbag, this would fall under your renters' insurance or homeowners' insurance policy, if you have one. What To Do If Your Car Gets Flooded If a flood damages your car, here's what to do: Don't try to start the vehicle. Turning on a flood-damaged car can worsen the damage. Take photos. Document the damage from every angle. Call your insurance company. File a claim as soon as possible. Wait for the adjuster. A claims representative will inspect the damage and help you figure out the next steps. Depending on the extent of the flooding, your insurer will decide if the car is repairable or should be declared a total loss. Is It Worth Adding Flood Coverage? Adding comprehensive coverage is a smart move if you live in an area where storms, hurricanes or flash floods are common. It's not free, but it's usually affordable, often around $100 to $300 extra per year, depending on your car and where you live. Here's something many drivers don't realize: You usually can't wait until the last minute to add flood coverage. Once a storm is named or on the radar, most insurance companies pause new policies or changes. If you're considering adding comprehensive coverage, don't wait for the clouds—get it sorted before the forecast turns. Here are some of Forbes Advisor's picks of the best car insurance policies to choose from. Bottom Line Floods aren't just a coastal problem—they can hit almost anywhere, and your car is often one of the first things at risk. If you're unsure what your insurance covers, now's the time to look. Once the water starts rising, it's too late to make changes.
Yahoo
22-07-2025
- Automotive
- Yahoo
GoAuto Insurance wins approval to issue auto policies in Georgia, US
GoAuto Insurance, a direct-to-consumer auto insurer, has secured approval from the Georgia Office of Insurance and Safety Fire Commissioner to offer insurance policies. This marks the latest expansion for the Baton Rouge-based insurer, which has been offering its services in Louisiana, Nevada, Ohio, Texas and Alabama. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service GoAuto Insurance COO Brad Scharf said: 'Becoming licensed in Georgia and going live with policy issuance is a significant milestone for GoAuto Insurance. 'We are committed to making dependable, cost-effective insurance accessible. Georgia drivers now have a fresh new option to meet their insurance needs with convenience and peace of mind.' GoAuto Insurance, which commenced operations in 2009, focuses on providing auto insurance solutions directly to consumers by leveraging proprietary analytics and a digital-first model. GoAuto low-cost car insurance offers affordable coverage for budget-conscious drivers, providing online and mobile quotes, direct policy purchases without agent fees and manageable premiums. In December last year, GoAuto Insurance adopted One Inc's ClaimsPay and PremiumPay products. This technology integration is expected to streamline the company's payment systems by centralising them onto a single platform, enabling policyholders to utilise a variety of payment methods, including popular digital wallets and direct payment options. In May this year, GoAuto Insurance expanded its auto insurance in Ohio, offering commission-free policies, low down payments and flexible payment options tailored to regional driving in cities like Cleveland, Columbus and Cincinnati. The company provides essential coverage that meets Ohio's minimum insurance requirements, with digital and phone support, and vehicle maintenance to help reduce premiums. "GoAuto Insurance wins approval to issue auto policies in Georgia, US " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
