If you live or work in Texas and part of the South-Central U.S., you’re likely trying to recover from record-breaking rains and widespread flooding. You’re probably prepared to deal with damage to buildings, but are you ready to deal with the damage to your car as well?
Fortunately for vehicle owners, the National Insurance Crime Bureau (NICB) is assisting law enforcement agencies, insurance companies and car rental companies with identifying and cataloging water-damaged vehicles to keep them from being resold to unsuspecting consumers. As of the end of May, authorities estimate that thousands of vehicles may have been flooded.
“Unfortunately, natural disasters bring out dishonest salvage dealers who don’t tell you that the vehicles they’re selling are heavily water-damaged,” said NICB president and CEO Joe Wehrle.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
