The rainy season often brings the risk of floods that can damage vehicles, including motorcycles. Many motorcycle owners wonder, does insurance cover flood damage? This article will explain more about insurance coverage for motorcycle affected by floods.
Does Motorcycle Insurance Cover Flood Damage?
In general, standard motorcycle insurance, whether third-party or comprehensive, does not cover damage caused by natural disasters like floods. To get protection against flood damage, motorcycle owners need to add special perils coverage when renewing their insurance policy.
What Is Special Perils Coverage?
Special perils coverage is an optional add-on to your existing insurance policy that protects your vehicle from damage caused by natural disasters, such as:
- Floods
- Landslides
- Storms
- Earthquakes
- Falling tress
By adding this coverage, motorcycle owners can file an insurance claim for flood-related damage without having to bear the repair costs themselves.
How to Add Special Perils Coverage
When renewing your motorcycle insurance, you’ll be given the option to include add-ons such as special perils coverage. The cost of this coverage is usually around 0.5% of your bike’s insured value. Although there’s a small extra fee, it brings peace of mind. Especially for those living in flood prone areas.
How to make an Insurance Claim for Flood Damage
If your motorcycle is damaged due to flooding and you have special perils coverage, follow these steps to file a claim:
- Do not start the engine of a water submerged motorcycle to avoid further damage.
- Take photos of the damage as proof for your claim.
- File a police report within 48 hours of the incident.
- Contact your insurance company to report the incident and get further instruction.
- Send your motorcycle to a panel workshop approved by the insurance company for assessment and repair.
Flood damage to motorcycle is only covered by insurance if you’re added special perils coverage to your policy. That’s why it’s important to consider this add-on when renewing your insurance, especially if you live in a high risk flood area.
For riders who aren’t sure if their current insurance policy includes this coverage, feel free to reach out to our team! We’ll help you check and assist with your insurance claim process, just click here to get started!
With the right protection, you can reduce the financial burden in the event of an unexpected natural disaster.
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