Apr
22

Insurance Salvage Flood Vehicles

After the recent hurricanes in the southern part of the United States a lot of vehicles were damaged. Though insurance companies have declared these vehicles to be salvage, many flood vehicles appeared in dealership lots. These salvaged vehicles have extensive water damage, but there are steps you can take to protect yourself from buying them.

Flood vehicles are usually sold to consumers “as is” and the buyer finds out that the vehicle is salvaged only when he/she take it to get insured. This is when they realize that their agent can’t even issue them an insurance rate quote because of the salvage title on the vehicle. In cases like this most buyers have to go through a length inspection process with the state motor vehicle bureau that is required for a vehicle with a salvaged title.

One of the best ways to protect you from buying a flood vehicle is to get a vehicle history report from CARFAX or other organization which tracks flood vehicles and other types of damage. You can take the vehicle to a qualified mechanic to be inspected or inspect it yourself. Some signs of high water levels and tale water mark signs may be seen if you look inside the engine compartment. Also check under carpeting to see if there is mold or any presence of water staining. It is important that you thoroughly inspect the electrical system, as this is where the most water problems show up first.

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