re: Car insurance vehicle buy back question

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Just shut up, you are wrong

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How? Simply saying I'm wrong doesn't make it so.

Lousiana reminds insurers of flooded vehicle requirements. Aug. , 2016.

certificate of destruction

That only applies if the insurance company acquires ownership. It is not the same thing as a salvage title.

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Can you buy back a vehicle that was totaled out for a flood claim? The adjuster on the phone said there was a law in La preventing this from happening. I have been told otherwise and that you can get a salvage title. I'd like to keep my vehicle if I can

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you cannot buy it from the insurance company. Unless you have a salvage type license (this is all from Katrina memory)


IIRC ins companies sell these cars to mechanics who refurbish and resell with a "salvage" title. You'd have to find a specfic mechanic etc to even start I think

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You really think a person who can afford a $100k vehicle wants to deal with the issues of a flooded vehicle? They want the full amount of the settlement to go buy another $100k vehicle

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Maybe, maybe not. It varies from vehicle to vehicle. If you have something rare and/or valuable there is no reason to allow the insurance company to buy from you.

My little porsche is a good example. While not an exceedingly rare or valuable when compared to other 993's, it didn't make sense when it flooded to scrap the car. Replacement cost would be 2 or 3 times the insured amount. People with $100k cars don't have 10/20/10, or whatever state minimum is, so it's apples and oranges.


Edit- I've never tried this but if you have a valuable or rare vehicle that flooded, can you file a claim with your insurance without them taking title to the car? Could you opt for a lesser payout and a salvage title?

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What do liability limits have to do with any of this?

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Because if you have liability only, you don't get a penny from the flood. Ergo, you could hose it out and sell it with a clear title.

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Zero chance

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Maybe, maybe not

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Thanks for seeing my point....

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it flooded and the owner's insurance deemed it a total loss and bought it.

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The two are not mutually exclusive. They can declare it a total loss without buying it from you.

What you guys are missing here is that a state of emergency has been declared. When it's declared, that's when flooded vehicles cannot be kept according to the law.

You drive it in a ditch and flood it out randomly, you can keep it.