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Rain leads to flood of applications at car insurance companies

Sunday, October 18, 2020 • Tamil Comments

The rains and floods in Hyderabad have shattered many lives. Many people have died. Many people lost their houses, and other properties. Thousands of vehicles like bikes and cars have been washed away in the water and this has led to the damage of those vehicles which were stranded on the roads as the owners of the vehicles had no other choice.

After all this has happened, with wires of the cars being damaged and engines remaining to be not working anymore, a lot of people have started applying for insurance.

Insurance companies are being flooded with applications for claiming the insurance.

Mostly, in minor repairs, the water enters up to the carpet level and needs only cleaning. This may cost from Rs 10,000 to Rs 15,000. If water level is up to the dashboard, it may require repairs and/or replacement of some electronic components. This would cost from Rs 40,000 to Rs 50,000. The high risk ones, which is the worst scenario, the vehicle has submerged for a long period, a lot has to be repaired and this might cost around Rs 1.2 lakh to Rs 2 lakh.

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