When shopping around today for auto insurance bids for renewing or updating an existing car insurance policy, you may need to make sure, in writing, that when you accept an auto insurance bid for your vehicle, that flood damage is in writing in the terms and conditions of the insurance policy.
This will need to be for replacement value as well as damage repairs. These are two distinct insurance requirements and need to be in writing, in your auto insurance policy.
Climate Change and Car Insurance Requirements
Climate change is affecting our weather systems around the world and our climates are now bringing massive changes to our environments. In Australia, we are now seeing a second summer of flood disasters through the Eastern States of Australia and seeing cars that are normally parked in their garages floating down driveways, highlight the need for this event to be adequately covered by a comprehensive auto insurance policy.
The Northern hemisphere this past winter has seen record snow storms and when cars are covered in ice for months at a time, leaves them open to a number of damages to their vehicles.
It is not only cars that have been snow-bound for months at a time but for those vehicles that have been dug out of the snow and have been operating on the roads on a daily basis means they are very likely to have received salt or stone damages that if they are not repaired quickly, will encourage rust to attack the car long before the car stops being useful. Rust affects resale value considerably and unless you can replace your new vehicle every two or three years, you could find that your replacement value when you do want to trade it in or resell it, will have decreased considerably.
The cost of depreciation on your vehicle in combination with the condition of your car, will decide the resale value of your car. You may need to weigh up the cost of an adequate auto insurance policy against the loss of damage to your car to help you to realise that having the damage repairs written into your car insurance terms and conditions far outweighs the cost of paying the extra insurance.
Flood Prone Zones do affect Auto Insurance bids
All insurance policy bids are dependent on the area in which you live. This is understandable when you live in a low or high crime zone for example. So it is no different for auto insurance bids because they will be affected by the likelihood of a claim.
In Australia, the flood prone zones whether they are shown as a one-in-five year or a one-in-a -hundred years likelihood of a claim are freely available in most real estate offices. The real estate agents tend to keep them out of the public eye but they will show you if you ask to see one. Failing that, you can go to your local council or library and ask to see a map of the flood designated zones in your council electorate.
If you are now aware that your residence is in a flood prone zone, you will know that you need to be covered for all eventualities. As has been shown in the past two years, a one-in-five year flood can happen two years in a row.
Unless you state clearly your full needs when requesting an auto insurance bid today, you could find that your vehicle is not adequately insured if you are affected by a flood. Once you have satisfied yourself that you are covered for every type of flood, read your terms and conditions when you receive your auto insurance policy to make sure that it is all in writing.
When requesting an Auto bids insurance quote today you will need to include the likelihood of unforeseen weather events due to climate change. The floods in Australia over the past two summers, the severe weather in North America and Europe over winter could cost you money otherwise.
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Jan Smith
Car Auto Article FeedFind More ArticlesSearchRecent ArticlesObtain The Right Protection For The VehicleCar Insurance for Young Drivers: Boys Vs GirlsGreat Reasons To Keep Up With Changing Insurance LawsHow to Search for the Perfect Car Insurance for YouBenefits of Motor Fleet Insurance Policy Over Individual Vehicle InsuranceHow Being A Responsible Driver Can Save You Money On Automobile CoverageColors and Cars: Does It Matter?Dangerous Car RecallsWhat Is Van Gap Insurance?Getting a "Designer" Traders Car Insurance PolicySubmitted On March 04, 2012. Viewed 7 times. Word count: 620.MLA Style Citation:Smith, Jan".".4 Mar. 2012EzineArticles.com.8 Mar. 2012
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