Vehicles damaged in Spanish Floods: Insurance

[barge1914]

Well, I didn’t know that….


<<<Videos and images have emerged of vehicle pile-ups on motorways, cars floating down streets and water flooding garages. But if your car is damaged or even written off in a similar freak weather phenomenon, who is going to cover the cost?

Many drivers might be surprised to know that, although they pay their vehicle insurance annually, the insurance companies usually don’t foot the bill themselves for damage caused during these extraordinary natural disasters.

We saw a similar outcome when the volcano in La Palma erupted.

Rather, it’s a separate entity known as the Insurance Compensation Consortium that will sort things outif your car has been damaged.

The Insurance Compensation Consortium​

The Insurance Compensation Consortium is a vital safety net for those affected by extraordinary events like the DANA floods. The Consortium provides coverage for damages caused by flooding, including material damage to homes, cars, commercial establishments and industries.

Additionally, it covers accommodation expenses due to uninhabitability of homes and loss of income resulting from the cessation of economic activity.

It is a public entity of the Ministry of Economic Affairs and Digital Transformation and its actions are regulated by Royal Decree 300/2004.

Around 40,000 people have already been in touch with the Consortium to seek compensation or to organise repairs, but it’s important to know that only drivers who have a current motor insurance policy will be covered.

Those affected by the floods can apply for compensation by calling 900 222 665 or visiting the Consortium's website (www.consorseguros.es).>>>


Full article at ….https://murciatoday.com/floods_in_spain_who_covers_the_cost_of_damaged_vehicles_1000158260-a.html

I wonder what cover our UK Policies give if we are caught up abroad in something like this, the likelihood of which seems to increase year by year.

 

[runnach]

Well, I didn’t know that….


<<<Videos and images have emerged of vehicle pile-ups on motorways, cars floating down streets and water flooding garages. But if your car is damaged or even written off in a similar freak weather phenomenon, who is going to cover the cost?

Many drivers might be surprised to know that, although they pay their vehicle insurance annually, the insurance companies usually don’t foot the bill themselves for damage caused during these extraordinary natural disasters.

We saw a similar outcome when the volcano in La Palma erupted.

Rather, it’s a separate entity known as the Insurance Compensation Consortium that will sort things outif your car has been damaged.

The Insurance Compensation Consortium​

The Insurance Compensation Consortium is a vital safety net for those affected by extraordinary events like the DANA floods. The Consortium provides coverage for damages caused by flooding, including material damage to homes, cars, commercial establishments and industries.

Additionally, it covers accommodation expenses due to uninhabitability of homes and loss of income resulting from the cessation of economic activity.

It is a public entity of the Ministry of Economic Affairs and Digital Transformation and its actions are regulated by Royal Decree 300/2004.

Around 40,000 people have already been in touch with the Consortium to seek compensation or to organise repairs, but it’s important to know that only drivers who have a current motor insurance policy will be covered.

Those affected by the floods can apply for compensation by calling 900 222 665 or visiting the Consortium's website (www.consorseguros.es).>>>


Full article at ….https://murciatoday.com/floods_in_spain_who_covers_the_cost_of_damaged_vehicles_1000158260-a.html

I wonder what cover our UK Policies give if we are caught up abroad in something like this, the likelihood of which seems to increase year by year.

You make a good and valid point. AIB as a broker cover gain a lot of business through this forum, perhaps they, as a broker, can answer your question, which would certainly give those of us who do business with AIB much needed clarity on this subject.

 

[Robmac]

You make a good and valid point. AIB as a broker cover gain a lot of business through this forum, perhaps they, as a broker, can answer your question, which would certainly give those of us who do business with AIB much needed clarity on this subject.

More likely Terry that they will use the foreign disasters as an excuse for price hikes.

 

[runnach]

More likely Terry that they will use the foreign disasters as an excuse for price hikes.

I never had you down as a cynic, Rob.

 

[colinm]

As a slight aside, with the damage caused to properties around here t'other month, someone was on Faceache asking for data of rainfall amounts to prove that it had been 'storm damage' to their house which the insurance company had denied. The page erupted with with comments about 'nasty' insurance companies trying to get out of payments, I was head scratching for a time until I realised what was actually going on. The company had noted the damage as 'flood damage', this has consequences to future insurance, so the house occupants where trying to dispute this. The house has flooded two times before to my knowledge, it is built right next to a brook, and only a couple of foot above the normal water levels.

 

[Moonraker 2]

I made a comment about this earlier.
I wondered if the insurance companies would try blaming God, then they didn't have to pay out.
I don't think mine covers extreme circumstances.

 

[JQB]

I never had you down as a cynic, Rob.

Cynic? Realist more like.....