In the internal combustion engine application, the timing belt connects the crankshaft to the camshaft(s), which in turn controls the opening and closing of the engine's valves. It has custom teeth to turn the camshaft(s) synchronized with the crankshaft and is specifically designed for a particular engine. In some engine designs, the timing belt may also be used to drive other engine components such as the water pump and oil pump. so if the belt snapps then these may also be damaged. if a belt snapps noone knows how they react but i know i certainly dip the clutch imediately. if in any case the engines sensors arnt working correctly (ie, not working as the engine isnt running) and the oil is still circulating, this can cause damage to many seals and may harm other components. and NO not all cars have adequate pressure relief valves, nor are they capable of coping with a sudden 100 maybe plus psi of oil pushing around when it only sits at around 30 and lower in idle or cam belt snapped state.
different opinions, different answers, lets agree to disagree