Filed Under:Markets, Personal Lines

The Insured and the Uninsured After Sandy

LONG BEACH, N.Y. (Reuters) - Standing in the driveway next to the charred shell of his house on Long Beach, Long Island, with the hood open to his water-logged, brand-new 2012 Subaru Outback, Bill Long heard the words so many in the path of superstorm Sandy have been hoping to hear: "I'll take care of that."

The words came from Matthew Stewart, a total loss specialist for insurer USAA, who took just a few seconds to see the tell-tale debris of water damage that will likely spell disaster for many cars in Sandy's path. Some 325,000 cars flooded during Hurricane Katrina, according to the National Insurance Crime Bureau, and a similar number could come from this storm.

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