Does property liability insurance compensate for the loss of elevator water?

If property losses are caused by elevator water inflow, the elevator water inflow person shall be liable for compensation according to the fault. In addition, property losses are calculated according to the market price at the time of loss or other means.

Relevant laws and regulations: Tort Liability Law of People's Republic of China (PRC).

Article 19 If the property of another person is infringed, the property loss shall be calculated according to the market price at the time of the loss or by other means.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.