One scenario would be that the car owner gives the flooded car to the insurance company, gets the money, and buys a new vehicle. The insurance company then has the vehicles restored and sold as used. This is doubly important because the "cash for clunkers" destroyed too many cheap cars, thus denying the less financially capable people a chance to buy a car.
If the insurance company doesn't want to deal with all that, a separate business can be formed that only deals with restoration of these cars. Very little startup funds are required because the cars can be taken from insurance companies on commission. There will be also less waste.
There is a big catch, though. Workers will be needed. I am not sure if there is anyone willing to work in those blue states... 63% of voters in New York wanted Obama.
You may be right, I don’t know.
Cars flooded with salt water but not immediately repaired will require a huge amount of parts + labor to replace electrical / electronics.
Don’t think that’s financially viable.
Is this really practical now with all of the electronics in modern cars?