Reports indicate that as many as 250,000 vehicles may be affected by Hurricane Sandy's flood waters, the release said. This compares to 325,000 vehicles that were damaged by Hurricane Katrina, according to the National Insurance Crime Bureau.
DamageMAX is here to help:
Many of the 250,000 vehicles damaged in Hurricane Sandy will be considered "total losses" by insurance companies and will be scrapped or crushed. Many others will not be totaled out and in fact, insurance coverage may be denied due to policy exclusions, dropped coverage or high deductibles.
DamageMAX purchases flood damaged vehicles AS-IS. For those consumers stuck with a flood damaged vehicle can utilize DamageMAX to sell their vehicle. DamageMAX specializes in damaged, disabled and flooded vehicles. If you don't want to wait to have the car repaired, simply pocket the insurance claim check and DamageMAX will pay you to walk away from the vehicle. Take that money to buy a new vehicle. But be smart - as outlined below, many flooded vehicles will end up in show rooms and in dealer inventory - don't sell your flood car just to end up in another flood car!
How to avoid purchasing a flood damaged vehicle:
Thousands of flood-damaged cars are entering the market and consumers need to exercise caution when buying. Consumer organizations are warning buyers to be aware that many cars currently for sale suffered flood damage from Hurricane Sandy.
Even car shoppers far from the northeast should be on the lookout for flood cars. “Flood damaged vehicles can be shipped across the country in a matter of days,” said Sally Greenberg, Executive Director of National Consumers League. “Consumers throughout the US need to take specific steps to protect themselves from inadvertently buying these vehicles.”
Consumer advocates offer these tips for car buyers:
• Consumers should check the vehicle history, using the unique Vehicle Identification Number (VIN) and entering the VIN into the national government database. The system is called the National Motor Vehicle Title Information System (NMVTIS).
It was established by the US Department of Justice, and can be found at www.vehiclehistory.gov. Vehicle histories can be accessed for between $3 and $13. This database contains valuable information, including whether the vehicle was reported as flooded
However the database does not capture every flood vehicle - use common sense - Buyer Beware!
• Additionally, consumers should have the vehicle inspected by an independent mechanic prior to purchase -- including when buying over the internet.
For more information - contact Damagemax.