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Car owners claim for flood damage

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17/01/2008

Nearly 11% of all insurance claims resulting from 2007’s flooding were car insurance claims, research from price comparison website Gocompare.com has shown.

With further flooding expected this year, many car owners who are underinsured are at risk of racking up repair costs. Hayley Parsons, managing director of Gocompare.com, says those at greatest risk are the nine million people who only have third party, fire and theft cover. None of these policies, which are among the cheapest policies available, cover flood damage. It is estimated that 28% of UK drivers have this kind of cover.

Parsons said: “Generally, drivers will opt for these policies as they cost less than comprehensive cover. Sometimes this will be the right cover for the individual if the value of the vehicle is very low. There is nothing wrong with purchasing these policies, but it is essential in times such as these that drivers know exactly what is and isn’t included in their policy cover.

“Everyday we are seeing images of people driving through flood water and it is clear that people still aren’t aware of the damage it can cause to their car or the danger flood water can hide.”

Gocompare.com has advised drivers to take a number of steps to reduce the risk of damage, should flooding strike again. These include moving your car to higher ground, avoiding driving to flood water and not starting your engine if your car is submerged in water.

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