Louisiana Update – Flooded Vehicles Could Flood Market
Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/7665256-nicb-louisiana-flood-cars
The
To view a video report from the scene, click here.
Based on the extensive vehicle losses following Hurricane Katrina in 2005,
Flooded vehicles that did not have insurance coverage are a major concern as they are frequently cleaned up to hide the damage and then sold to unsuspecting consumers with no indication of a problem. The number of uninsured vehicles that were flood damaged may be even more than the number of insured vehicles since many owners choose to drop their policy's comprehensive coverage as the vehicle ages.
"It's buyer beware," said Commissioner of
Tips
- Look for water stains, mildew, sand or silt under the carpet, floor mats, and dashboard, and in the wheel well where the spare is stored. Look for fogging inside the headlights and taillights.
- Do a smell test. A heavy aroma of cleaners and disinfectants is a sign that someone's trying to mask a mold or odor problem.
- Get a vehicle history report. Check a trusted database service. You can check NICB's free VINCheck SM database and the
Louisiana Office of Motor Vehicle's site. There are also reliable services that charge a small fee for history reports. - Have a trusted mechanic inspect the car's mechanical and electrical components, and systems that contain fluids, for water contamination.
For more tips click here.
NICB and state officials, including the
Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800-TEL-NICB (800-835-6422), texting keyword "fraud" to TIP411 (847411) or submitting a form on our website. Or, download the NICB Fraud Tips app on your iPhone or Android device.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/louisiana-update--flooded-vehicles-could-flood-market-300321228.html
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