<VV> Re: Flooded Mustangs in New Orleans

[Garth Stapon]

Group:

I read that one insurance Company (I think it was State Farm) insured approximately 50% of the cars in the flood zone.

They were impounding all the cars to make a permanent record of their VIN number, just so that they would not end up back on the used market.

It seems this was the case with many Florida hurricane cars and their goal is to prevent this from happening again.

Regards, Garth

-----Original Message-----
From: Jeff Clark <markii56 at yahoo.com>
Sent: Nov 22, 2005 3:55 PM
To: Virtual Vairs <virtualvairs at corvair.org>
Subject: <VV> Re: Flooded Mustangs in New Orleans

Everyone's worried about these cars being cleaned up
and finding their way to market.  If they'd been under
CLEAN water for a short period of time, then I'd
worry, too.  But cleaning up flood cars and selling
them at auction is all about profit- if the scammers
can't make money, they won't even try.  As it will
cost them more to clean them, fix the problems and get
the smell out than they can even sell them for, I
don't think we have too much to worry about.


	
		
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