It breaks my heart to see all those cars in heaps and flood waters in the Northeast. Of course, I feel even more so for the people, but all those cars are a horrendous sight. I'm hoping they had lots of the right kinds of insurance.
And anyone thinking about buying a used car over the next few months, keep Sandy in mind. After Katrina, there were thousands of used cars sold from Florida to Maine that had been pulled out of Katrina. There are a lot of unscrupulous car salesmen.
I am wondering if any of them will even work right in the coming months. I mean they all had a ton of sea water in them and that salt has a corrosive effect on all kinds of things. I hope that they were all covered though.
I would think that most of the vehicles would have insurance of some type. However, I am unsure if their insurance would cover flood water damages. It's just nothing something that a lot of people think they will ever need, unfortunately.
That is a lot of loss, that's for sure. But as someone else pointed out, flood insurance isn't something people think they need and with budgets being as tight as they are most people aren't going to buy something they see an unneeded.
I'm like classicjuju here. Be really careful if you buy a used car over the next year. Personally, I would not want to buy one that had been in a flood. I can see all kinds of things happening due to being in all that water.