Does anyone know or have a flood 991 from Harvey that will be total losses? I have a guy that's going to let me have his Cayman S for whatever the insurance company would offer him to take it post settlement. Thinking it may be fun to see whatever flood cars can be had a dirt cheap prices and turned into track cars.

P.S. It's unfortunate the devastation and not meaning this as exploitation... The car I found was pretty mint and the owner is safe first and foremost - he lost 5 cars - or at least they're toast from water damage and are sure to be totalled.

 

Well that - at least - is legit... I'm more worried about title laundering via one of "those" states, and a glut of ex-flood cars being cleaned up and resold...

 

You're not exploiting the situation. It would be ideal for those cars to go to someone who knows what they are getting into and are able to use the vehicle. Track car sounds like a perfect use.

 

I had a vehicle flooded during Sandy, the insurance company (forget which one) did not entertain a salvage buyback. They all went to a storage facility in Calverton, LI awaiting the crusher. There was no wiggle room for any part salvage.

 

Good for the insurance company! To many scumbags out there that would try to flip that car to an unsuspecting buyer.

 

True enough, but it seems a shame to waste all those perfectly good hard parts.

 

*ding ding ding* Cars are going to be shipped to Texas World Speedway and sit there waiting scrap.

 

In most states all you have to do is ask to keep the car and your settlement will be minus the scrap value of the car. They can't make you surrender it.

 

I am not sure about other states but in Texas they can. Well I guess technically they cant but then the insurance company doesn't have to pay the claim either.

I hope you get the part you are after but I wouldn't expect to see a ton of "cheap" used parts coming out of this mess.

 

They are under no obligation to resell it back to you or anyone else after they own. If they deem that the loss and subsequent salvage can project liability, the car is crushed. Think about it, they resell it back to an individual who is driving down the highway and at the airbag deploys causing a fatal accident. What deep pocket do you think the estate will go after?

 

Here:

https://rennlist.com/forums/991/1023...ce-please.html

 

Understood. But I still can't adjust to our throw-away society. Strip out all things electrical and upholstered, and ship the rest to a salvage yard.

Yes, I know the economics might not make sense to a corporate accountant. But the going prices for lightly used body parts, drive train, suspension, etc. would probably add up to more than the intact value of the car, pre-flood.

 

I can't see how properly disassembled, cleaned and stored hard parts wouldn't make good replacement parts. Glass, fenders, wheels, hoods and parts as mentioned by bkrantz. Wouldn't they want to limit insured losses somewhat by using a technically acceptable salvage operation?

 

Interesting! Sandy and Katrina were salt water floods. Harvey was mainly fresh water rain. Salt water corrodes everything. Fresh water doesn't.

 

Nobody is seeking an "obligation" to do anything. A car sold as salvage is understood to be totaled and exempts the insurance company or otherwise from liability. Heck as mentioned, it's probably beneficial for the original owner to part out non electrical items such as fenders, wheels, or any other solid good for cheap and even make money on the buy back. If a car was sold as a rolling chassis without all the electronics, engine, tranny, etc anyway then how great of a start for building a race car. The engine would be a great donor too if it was not started until inspected and properly cleaned or rebuilt... so many better uses than crushing.

Would these cars be good candidates for rebuilding and selling as street cars? Doubt it and there likely isn't a good model where this makes sense given the lifetime of gremlins that would perpetually need to be addressed.