Amid monsoon mayhem and flood crisis, here’s how health, home, and motor insurance can help you secure your life, property, and vehicle

As per the National Disaster Management Authority (NDMA), India is “highly vulnerable to floods.” More than 40 million hectares of the total geographical area of 329 million hectares in India are flood-prone. The reasons for devastating floods are numerous, including a steep increase in population, rapid urbanisation, acceleration of developmental and economic activities in flood plains, and the adverse impact of global warming. Owing to their recurring nature and their all-consuming impact on lives, livelihood systems, property, infrastructure, and public resources, floods are a cause for concern for multiple stakeholders. Climate researchers, health experts and policy makers are continually studying the ever-evolving patterns of floods and untimely, torrential rains. Experts are also studying the widespread repercussions of flood-related damages.

The frequency and intensity of floods have been on the rise in recent years, primarily due to climate change with poor infrastructure leaving vulnerable populations at the mercy of the vicissitudes of these calamities. This vulnerability is particularly evident during the monsoon season when heavy rains lash various parts of the country.

In the last decade, India has experienced the devastating impact of climate change, leading to an increase in the frequency and severity of annual monsoon rains.

This year, the heavy rains have particularly battered the northern Indian states of Himachal Pradesh, Uttarakhand, Haryana, Uttar Pradesh, Jammu and Kashmir, and Delhi.

The rising water levels of the Yamuna River have resulted in widespread displacement, while floods in Himachal Pradesh have swept away homes and vehicles. In fact, the July of 2023 has been labelled as the “wettest” in decades, causing significant damage to communities and infrastructure.

Indeed the estimated cost of the damage in the state is reportedly over Rs 3738.28 crore, as reported by the Economic Times. Himachal Pradesh is still struggling to recover from widespread devastation caused by cloudbursts and floods.These floods wreak havoc not only on life and livestock in rural areas but also pose significant threats in urban areas. The impact of floods extends beyond the countryside, affecting densely populated cities and towns as well. Urban areas often face challenges such as inadequate drainage systems, encroachment on natural water channels, and rapid urbanisation, which exacerbate the risks associated with flooding.The consequences of urban floods are far-reaching and can lead to extensive damage to life, property, and vehicles. Floodwaters can inundate residential areas, causing the displacement of residents and damaging homes. The forceful currents and debris carried by floodwaters can result in the destruction of infrastructure, including roads, bridges, and public facilities. Moreover, vehicles left in low-lying areas or parking lots are vulnerable to submersion, leading to substantial financial losses for individuals and businesses.

Floods and steady stream of insurance
The impact of urban floods is not limited to physical damage alone. Floodwaters often become contaminated, posing health risks due to the spread of waterborne diseases. The disruption of basic services such as electricity, communication, and transportation further compounds the challenges faced by urban dwellers during and after a flood event.

Therefore, it is crucial to recognise that floods affect both rural and urban areas, inflicting widespread destruction and disrupting the lives of millions. Comprehensive insurance coverage, including health, home, and motor insurance, becomes essential for individuals residing in both rural and urban settings. These insurance policies provide financial security and support in the face of flood-related losses, helping individuals and communities recover and rebuild their lives after such calamities.

In the face of such emergencies, having robust health, home, and motor insurance in place becomes crucial. Let us explore how each of these insurance types can help secure your life, property, and vehicle during monsoon mayhem and flood crisis.

Health Insurance: During flood situations, the risk of waterborne diseases, injuries, and other health complications significantly increases. Having comprehensive health insurance coverage ensures that you have access to medical treatment and emergency care when you need it the most. Health insurance can cover expenses related to hospitalisation, surgeries, medications, and consultations with doctors and specialists. This coverage is especially important during times of natural disasters when healthcare facilities may be overwhelmed, and immediate medical attention is critical.

One such integrated one-of-a-kind health insurance policy is Reliance Health Infinity Insurance, by Reliance General Insurance, one of India’s leading private general insurance companies. This policy offers extensive coverage, longer tenure, global coverage, high sum insured, double cover, unlimited restore, and many more benefits.

Home Insurance: Monsoons and floods pose a significant threat to homes and properties. Rising water levels, heavy rainfall, and strong winds can cause structural damage, destruction of belongings, and even complete loss of homes. Reliance Bharat Griha Raksha Policy covers building property and even contents inside against a wide range of perils such as Fire, Flood, Explosion or Implosion, Lightning, Cyclone, Earthquake and More. The policy also covers Loss of rent/Alternative accommodation and there are add-ons to secure the insured and the spouse against personal accident and even the valuables.

Motor Insurance: Vehicles are highly vulnerable to damage during flood situations. Waterlogged roads, submerged vehicles, and strong currents can cause irreparable harm, leaving you with costly repairs or total loss of your vehicle. Motor insurance, particularly comprehensive coverage, can protect your vehicle against damages caused by natural disasters, including floods. It can provide compensation for repairs or replacement of your vehicle, saving you from significant financial setbacks.

Under the Motor Vehicle Act 1988, it is mandatory for all vehicle owners in India to have at least third-party liability insurance. Third-party insurance is the minimum level of coverage required by law, but it only provides protection against accidents that cause injury to another person or damage to their property. It does not cover events like theft, fire, and natural disasters.

With comprehensive vehicle insurance, you can have peace of mind knowing that you are covered for various situations. Reliance Two-wheeler Package Policy and Reliance Private Car Package Policy, offers additional protection against theft, fire, and natural disasters. It also covers damage to your own vehicle.

These insurance policies offer peace of mind, ensuring that you can navigate through monsoon mayhem and flood crises without compromising your financial stability or well-being.

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