Kathmandu. It’s rainy season now. Heavy rainfall is taking place in different parts of the country. There is some relief to life as the rain has brought coolness in the scorching heat. All is well until then. But excessive rainfall brings destruction along with landslides and floods.
Nepal’s non-life insurance sector has witnessed an increase in the number of motor insurance claims due to rain. In recent times, the use of electric vehicles (EVs) powered by electric power in Nepal has increased due to which the damage caused to vehicles due to floods and rains has increased.
What can we do if a motor vehicle gets submerged in water while driving on the road, is submerged or washed away by the flood while in the parking lot? Motor vehicle insurance is the only way for vehicle owners to make up for the losses caused by such unprecedented elections.
The owners of the insured motor vehicles are confident that the insurance company will give a claim. But in all cases, the insurance company may not pay the claim, even if you submit proof of submergence, flooding, the car’s compensation claim can be rejected.
For example, a person living in Balkumari Housing bought an electric jeep worth around Rs 5.2 million two months ago. Two months later, the battery of his car broke down in the flood. In such a situation, the car seller company withdrew and the insurance company also refused to pay compensation. The insured had paid around Rs 74,000 for car insurance. Now when the company refused to do anything, the person had to spend Rs 1.5 lakh to repair the jeep. Even if the vehicle warranty is damaged in time, the situation of paying from khalti is a big loss for the insured. Know what to do if you also don’t suffer such losses.
Comprehensive insurance:
This insurance will be useful during natural disasters. Such as floods, landslides, earthquakes, rain, storms, fires, lightning, damage to vehicles due to falling trees or poles, etc. In all these circumstances, you will easily get a claim from insurance to compensate for the damage caused to the vehicle. It is still necessary to take this insurance as the area from the hills to the Terai of Nepal is a high risk of flood or landslide.
You can also buy general motor insurance by paying a small sum of money to cover the risks. While this involves many risks, the risks mentioned above are not included. This insurance covers damage caused by water entering the interior of the car, damage to the body, damage to the color, damage caused by the disaster, damage to the building or wrecked car, damage to the electric system of the car. But that’s not enough.
Even after all this, the company may refuse to give you an insurance claim, if there is damage to the engine or battery. In fact, engine safety bearing is often not added to the basic comprehensive insurance plan. It should be included separately. After adding it, if you have a problem with your motor, this motor safety sister will save you millions of rupees. This is because there is a risk of engine hydrolock during rain or flood and the risk of not running the motor due to short circuit in the control unit in the electric motor. So you have to take engine safety along with a comprehensive plan. If there is any engine problem during the disaster, you will only have to call the insurance company. After that you will save millions of rupees.
Now you will feel that you should do it all. The terms and conditions included in the policy and this is a game of conditions. Even after this, you have to take care of some other things. Such as informing the insurance company immediately about the accident.
If the motor vehicle is full of water, do not start it. Because it causes more damage to the motor. Preserve photos and video evidence of the damaged car and keep the car as it is until the surveyor arrives. The insurance surveyor can take the vehicle to the nearest garage for repair after giving permission. After that, the surveyor will go to the garage and study the condition of the vehicle and submit a report to the insurance company and you will get the claim according to the report.
Claim may be rejected even if key is lost:
Since motor vehicle theft and accidents are also included in comprehensive insurance, it is also useful information for you. Two keys come with your motor vehicle. Only in the event of a theft, if you are unable to hand over the second key to the surveyor, your insurance claim may be canceled. Because it will be considered your negligence. To avoid such a situation, when one of the keys of the car is lost, then register its application to the police station and change the key including the lock of the car. Then inform the insurance company about it. In the event of a car being stolen in the future, you will not have any problem due to the keys.
