What add-ons should a car insurance policy have to prevent damages from floods? Amjad Khan answers

economictimes.indiatimes.com:

«So, we leave AI aside and look at climate change because that is something which we have been seeing incessantly increasing every year on year and India is no exception to that,» says Amjad Khan, Anand Rathi Insurance.We will definitely talk about the add-ons and how one should make their car monsoon ready. But with the monsoon that has already happened in major parts of India and damaging not just the property but other than that the cars as well. And we have seen across India that there were so many videos, so many footages of cars just going up in the way like a river and at this point in time just wanting to understand that what should a consumer or the car owner take in mind or consider in mind whenever they are stuck in such kind of a situation. What all things get covered in the insurance and what all not.So, yes, we have witnessed a lot of monsoon chaos in the last 10 years.

In fact, I would like to bring to highlight one thing that next 10 years what we are going to witness in terms of the top two discussions the world is going to go through is – one is AI and second is climate change. So, we leave AI aside and look at climate change because that is something which we have been seeing incessantly increasing every year on year and India is no exception to that.

We have seen how the rains have impacted every year for the last 10 years. You have seen the impact of this year 2023 happens to be north of India where we have seen flooding all across the entire northern region of our country and we have seen the amount of chaos it has created.

This is going to continue because the climate change starts with a lot of slow process and it is not something it is not going to change overnight. So, we got to be better