http://www.manufacturing.net/news/2012/11/claims-about-flood-damaged-cars-arent-true
The companies — State Farm, Progressive, New Jersey Manufacturers and Nationwide — have received about 31,000 car-damage claims.
"It's not anything near what we're talking about in the Katrina situation," said James Appleton, president of the New Jersey Coalition of Automotive Retailers, a statewide association of more than 500 dealers.
A word of caution just like after Katrina:
So even if the numbers are far smaller than the estimates, anyone buying a used car in the coming months should check the title and repair history and have the car inspected by a mechanic. Buyers can also do their own inspection, sniffing for musty odors and checking for mud and debris under the dashboard.
Excellent advice. I cannot list the number of times a used "California car" turned out to be from Chicago.
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