Flood Damaged Cars Could Make Their Way to Nevada

The state of Nevada is warning consumers to watch out for flood damage in vehicles when they buy a used car. A statement from the Nevada Division of Insurance says “Even though it has been several months since Hurricanes Irma and Harvey devastated Texas and Florida, there were thousands of vehicles that were damaged in the two storms, “Some of these vehicles may be making their way to Nevada.” It is legal to sell a total loss vehicle as long as the damage is disclosed, but the new owner may pay significantly higher insurance rates if the vehicle can be insured at all. Not knowing you purchased a flood-damaged vehicle could have serious implications, especially if you are involved in a collision and the vehicle is deemed a total-loss. This means the insurance company will pay for what the vehicle was worth at the time of the incident and not what the consumer paid for it.