Does Auto Insurance Cover Natural Disasters?

A functioning and reliable automobile is an integral part of daily life for millions of U.S. individuals and families. Whether you drive a modest sedan, high-end SUV, large pickup truck or luxury car, you’ve likely invested significant financial resources into your vehicle. Given the inherent importance and these sizable costs, covering your vehicle against potential threats is paramount. Certain incidents, such as natural disasters, may be beyond your control, necessitating a full understanding of your coverage.

Am I Covered Against Natural Disasters?

To put it simply: You can be covered against natural disasters. Auto insurance can be customized and tailored to suit your unique needs, preferences and budget. If you drive a brand-new, high-end vehicle, you’ll likely want to retain more coverage than if you have an older automobile with little value. When assessing your coverage needs, you’ll want to understand the various auto insurance components available to you. In the case of addressing natural disasters, comprehensive coverage is key.

What Is Comprehensive Coverage?

Comprehensive coverage within your auto insurance policy is the key piece that can help you recoup losses arising from various natural disasters. This type of coverage may often be required by auto lenders throughout the duration of your loan. By investing in it, you may receive payouts to help repair, restore or replace your vehicle in the wake of the following incidents:

• Floods
• Hail
• Tornadoes
• Wildfires
• Earthquakes
• Landslides

Additional Considerations

While comprehensive coverage is the keystone of an auto insurance policy capable of responding to natural disasters, you may also want to consider additional financial protections. For example, roadside assistance coverage can help pay for towing and other aid if a natural disaster leaves you stranded. Alternatively, GAP coverage can help you recoup the full cost of replacing your vehicle if it’s totaled by a natural disaster, even if its value has significantly depreciated.

We’re Here to Help

Contact Verax Insurance Services in McAllen, TX, today to learn more about covering your vehicle against natural disasters and other key aspects of auto policies.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.