Driveway Flood Claims Rise, Costs Rise for Insurers

Insurance carriers are facing a spike in flood-related vehicle claims from policyholders who did everything right—evacuating and protecting their homes—because even modest floodwater can ruin parked cars, turning thousands of vehicles into preventable losses. With Hurricanes Helene and Milton causing hundreds of thousands of vehicle damages and about 80% of drivers carrying comprehensive coverage, insurers are grappling with the scale of post-storm claims rather than the direct event itself.