Almost 459,000 vehicles, 28% of the total registered in the province of Valencia, are in the areas affected by the DANA floods, according to a report published this Tuesday by the technology company Solera.
Of all of them, 61% are more than 10 years old, that is, they are vehicles that normally only have third-party coverage, although the Insurance Compensation Consortium will cover any vehicle with a valid policy, regardless of whether it is comprehensive or comprehensive. third parties.
However, especially in newer vehicles (which make up 17% of the fleet in the affected areas in the province of Valencia), policyholders should check if they have any improvement clause in the contracts. This means that a vehicle, which depreciates every year, can recover a part of that lost value, up to 20-30% depending on what is signed, in addition to the valuation made of the car according to the tables of the corresponding entities.
However, given the age of the fleet, many of the cars will be totaled as the cost of repairs would exceed their market value, which can be barely 1,000 euros for many vehicles.
Furthermore, not only those that suffered damage to the bodywork must be taken into consideration, but also those that have been flooded even though they are immaculate externally, due to the damage suffered by the electronic control units, since, for example, a five-speed car Ten years old it can have between 25 and 35 switchboards.
Furthermore, up to 93% of the vehicles registered in the most affected municipalities are in the hands of private owners, compared to 4.4% of companies, 2.3% of renting and 0.4% of ‘rent a car’.
Regarding the car brands registered in the region, Ford is the majority manufacturer, with just over 61,000 vehicles sold, 13.4% of the total. Peugeot and Citroën follow, with 9% each of the total.
In the municipalities considered as ground zero of the catastrophe, the fleet of vehicles dated January 1, 2024, according to data provided by MSI, are: Alacuás (18,173), Albal (10,478), Aldaya (19,774), Alfafar (11,969) , Algemesí (17,178), Benetúser (8,509), Catarroja (19,572), Llocnou de la Corona (124), Masanasa (7,141), Paiporta (15,049), Picaña (7,367), Sedaví (7,547), Utiel (7,055) and the La Torre neighborhood of the city of Valencia (471,015, total figure for the entire capital of Turia).
Thus, the report ensures that all insurance compensation will be carried out by the Insurance Compensation Consortium, which depends on the Ministry of Economy, Commerce and Business, because the storm and its material consequences are classified as “risks.” extraordinary.
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