[DeTomaso] Flooded Pantera in Baton Rouge
Charles Engles
cengles at cox.net
Tue Sep 6 20:27:01 EDT 2016
Dear Ed,
I am no expert with this topic and I suspect that Jeff Cobb knows far more about these things than I do, but the deal is that the insurance company has paid the Pantera for his claim. They now have , I think, salvage title to the Pantera. The insurance company wants to make money and/or minimize their loss on the claim so they are interested in selling it for whatever it will bring through Copart, who, I suspect, will get a cut of the action. So, IF I understand the situation the Pantera won’t be scrapped, but it will have it’s title marked SALVAGE or the Louisiana equivalent.
So, assuming that you bought the Pantera, it would be all ready to be parted out. It would be difficult to restore it and then try to sell it with a Salvage Title, AFAIK.
Warmest regards, Chuck Engles
From: Ed Mendez [mailto:edducati at mac.com]
Sent: Tuesday, September 06, 2016 5:19 PM
To: cengles at cox.net
Cc: jeffcobb1 at me.com; detomaso
Subject: Re: [DeTomaso] Flooded Pantera in Baton Rouge
So they scrap cars even if they are classics?
That is criminal if they scrap that Pantera.
Ed
On Sep 06, 2016, at 04:51 AM, cengles at cox.net wrote:
Dear Jeff,
I thought that perhaps you might reply and I thought
that you would have a pretty good idea about what is going on with
these flood damaged sports cars. I am glad that you're OK.
Warmest regards, Chuck Engles
On Mon, Sep 5, 2016 at 10:11 PM, JEFFREY COBB wrote:
Chuck,
This car may not be for sale in Louisiana though loopholes are
everywhere.
Louisiana law states this and even more since this is a disaster area.
Basically when the insurance totaled paid off and flooded car is free
of its
owner,
it must be scrapped.
Very sad to leave from after I spent weekend transporting people from
flood waters to going to
Monterey week and then back to this. I have one customer who lost 12
hot rods. I was lucky!
Most dealers do not have used cars to sell and rent cars are coming in
from five states away!
Most did not have insurance because this never should ave happened at
all!
Two of my mechanics have been paid $22,000.each by FEMA within three
days so far for the three feet
of water in their homes.
I felt wrong, guilty, confused, bad and sad leaving the next day but
with my medical condition I could
not go in butt deepwater
full of feces, garbage and diesel/ gasoline fuels floating on top to
help my friends.
Enjoyed seeing and talking with you deTomaso guys and gals out in the
dry world.
Quack quack.
Jeff Cobb
Baton Rouge, La.
225-907-4514
Bordinat Mangusta
-------------------------Newspaper article--------9/1/16-------------
As of Wednesday, State Farm -- just one of the insurers that serves car
owners in the area
-- had received
almost 18,000 auto claims related to flooding.
That number was more than double the number of homeowner claims the
company had received, spokesman
Roszell Gadsen said.
With such a large volume, towing companies have been stretched to the
limit.
aWeave been working around the clock,a said Ronnie
Stewart,
of Stewartas Towing in
Livingston Parish.
aItas been hectic and crazy,a Stewart said. He estimated that his
company, a small one with four
trucks, had towed more than
300 cars since the waters receded.
There were still plenty more left to be towed.
aWe probably havenat put a dent in all the cars thatas flooded,a he
said.
In East Baton Rouge Parish, the woman who answered the phone at
Roadrunner Towing said there were
no words to describe how busy it had been. Roadrunner, which has
contracts with several local police
agencies, had towed more than 700 vehicles by midweek.
Most of the cars are being taken to private towers' yards or large auto
salvage yards like Insurance Auto
Auctions in Livingston or Copart in Greenwell Springs.
Jeanene OaBrien, of Insurance Auto Auctions, said the company is
handling athousands of cars per day.a
A caras trip to one of these yards will be the first leg of its journey
to the compactor or the junkyard.
When a flood-damaged car arrives at Insurance Auto Auctionsa yard in
Livingston,
for example, the vehicle identification number is
registered with both
the
National Insurance Crime Bureau and the National Motor
Vehicle Title Information System.
RELATED [1]Why you may not need to file an insurance claim before
applying for FEMA assistance
[2]Why you may not need to file an insurance claim before applying for
FEMA assistance
People whose flood-damaged homes and vehicles weren't covered by flood
insurance or with coma|
The state's Office of Motor Vehicles also will issue a certificate of
destruction for any
car that is
totaled because of a gubernatorially declared disaster. The certificate
is reported to those
same national databases as a "fatal brand," or one that should prevent
the car from being sold for
anything besides parts or scrap.
Insurance Auto Auctions sells only to licensed dealers, scrappers or
dismantlers, OaBrien
said. Members of the
public cannot purchase cars from the company's lots in Louisiana.
The process has improved since Hurricane Katrina, when thousands of
destroyed cars remained
under highway overpasses for months, said Jill Jarreau, of the OMV.
-----------33-3-3-3-3-3-3-3-3-3-3-3-3-3--2-2-2-2--2-2--2-4//5/4-4-4-4-4
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Louisiana Reminds Insurers of Flooded Vehicle Requirements August 18,
2016
flooded car
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The Louisiana Department of Insurance has issued a reminder to
insurance companies regarding the Certificate of Destruction title
requirements for flooded vehicles.
The department issued the bulletin following the federal declaration of
disaster due to the recent [18]massive flooding in Southeast
Louisiana.
A Certificate of Destruction is a type of title for water damaged
vehicle that has been declared a total loss.
The department said that when, as a result of an insurance settlement,
a motor vehicle is determined to be a total loss due to water damage,
Louisiana law requires the insurance company acquiring ownership of the
vehicle to send the certificate of title to the Office of Motor
Vehicles along with an application for a Certificate of Destruction.
The certificate and application must be sent to the OMV within 30 days
from the settlement of the claim.
Source: Louisiana Department of Insurance
Related:
a-c- [19]As Louisiana Surveys Flood Damage, Death Toll Rises
a-c- [20]AIR Worldwide: Louisianaas Record Rainfall Caused by
Low-Pressure System
a-c- [21]6 Dead, Tens of Thousands Evacuated in Louisiana
Flooding
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a-c- Topics: [27]auto insurance, [28]Certificate of Destruction
title requirements, [29]federal declaration of disaster, [30]flooded
vehicles, [31]flooding in Southeast Louisiana, [32]Louisiana
Department of Insurance, [33]Office of Motor Vehicles, [34]total
loss, [35]water damaged vehicle
a-c- -----------------------------------
On Sep 5, 2016, at 4:55 PM, Charles Engles < [36]cengles at cox.net>
wrote:
Dear Forum,
An insurance adjustor friend of a Pantera friend
told
him that this Pantera is flooded and has been totaled and is
available
with a salvage title in Baton Rouge.
It appears to be pretty stock. One picture I did
not
include shows the tub with a space saver spare plus the red inflator.
The pictures seem to show a high water mark above the window sills.
It seems that this car is *supposed* to be available
for online auction through: [1]http://www.copart.com I have tried
searching for it three times and can't find it on their site although
there are lots of flood damaged and other cars there, i.e. Ferraris
and
Maseratis, etc, in small numbers.
Supposedly the value on the car was said to be
"$10,000". However, all the cars on the site are up for bid with a
few "drivers" also available for a "buy it now" price. Finally, it
seems that you have to register and pay a fee before you can bid.
However, if you're keen for a "deal", then perhaps
calling the Baton Rouge Copart salvage yard might be advantageous.
Warmest regards, Chuck Engles
References
1. [37]http://www.copart.com/
<IMG_2523.JPG>
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Dear Ed,
I am no expert with this topic and I suspect that
Jeff Cobb knows far more about these things than I do, but the deal is
that the insurance company has paid the Pantera for his claim. They
now have , I think, salvage title to the Pantera. The insurance
company wants to make money and/or minimize their loss on the claim so
they are interested in selling it for whatever it will bring through
Copart, who, I suspect, will get a cut of the action. So, IF I
understand the situation the Pantera won't be scrapped, but it will
have it's title marked SALVAGE or the Louisiana equivalent.
So, assuming that you bought the Pantera, it would be
all ready to be parted out. It would be difficult to restore it and
then try to sell it with a Salvage Title, AFAIK.
Warmest regards, Chuck Engles
From: Ed Mendez [mailto:edducati at mac.com]
Sent: Tuesday, September 06, 2016 5:19 PM
To: cengles at cox.net
Cc: jeffcobb1 at me.com; detomaso
Subject: Re: [DeTomaso] Flooded Pantera in Baton Rouge
So they scrap cars even if they are classics?
That is criminal if they scrap that Pantera.
Ed
On Sep 06, 2016, at 04:51 AM, [1]cengles at cox.net wrote:
Dear Jeff,
I thought that perhaps you might reply and I thought
that you would have a pretty good idea about what is going on with
these flood damaged sports cars. I am glad that you're OK.
Warmest regards, Chuck Engles
On Mon, Sep 5, 2016 at 10:11 PM, JEFFREY COBB wrote:
Chuck,
This car may not be for sale in Louisiana though loopholes are
everywhere.
Louisiana law states this and even more since this is a disaster area.
Basically when the insurance totaled paid off and flooded car is free
of its
owner,
it must be scrapped.
Very sad to leave from after I spent weekend transporting people from
flood waters to going to
Monterey week and then back to this. I have one customer who lost 12
hot rods. I was lucky!
Most dealers do not have used cars to sell and rent cars are coming in
from five states away!
Most did not have insurance because this never should ave happened at
all!
Two of my mechanics have been paid $22,000.each by FEMA within three
days so far for the three feet
of water in their homes.
I felt wrong, guilty, confused, bad and sad leaving the next day but
with my medical condition I could
not go in butt deepwater
full of feces, garbage and diesel/ gasoline fuels floating on top to
help my friends.
Enjoyed seeing and talking with you deTomaso guys and gals out in the
dry world.
Quack quack.
Jeff Cobb
Baton Rouge, La.
225-907-4514
Bordinat Mangusta
-------------------------Newspaper article--------9/1/16-------------
As of Wednesday, State Farm -- just one of the insurers that serves car
owners in the area
-- had received
almost 18,000 auto claims related to flooding.
That number was more than double the number of homeowner claims the
company had received, spokesman
Roszell Gadsen said.
With such a large volume, towing companies have been stretched to the
limit.
aWeave been working around the clock,a said Ronnie
Stewart,
of Stewartas Towing in
Livingston Parish.
aItas been hectic and crazy,a Stewart said. He estimated that his
company, a small one with four
trucks, had towed more than
300 cars since the waters receded.
There were still plenty more left to be towed.
aWe probably havenat put a dent in all the cars thatas flooded,a he
said.
In East Baton Rouge Parish, the woman who answered the phone at
Roadrunner Towing said there were
no words to describe how busy it had been. Roadrunner, which has
contracts with several local police
agencies, had towed more than 700 vehicles by midweek.
Most of the cars are being taken to private towers' yards or large auto
salvage yards like Insurance Auto
Auctions in Livingston or Copart in Greenwell Springs.
Jeanene OaBrien, of Insurance Auto Auctions, said the company is
handling athousands of cars per day.a
A caras trip to one of these yards will be the first leg of its journey
to the compactor or the junkyard.
When a flood-damaged car arrives at Insurance Auto Auctionsa yard in
Livingston,
for example, the vehicle identification number is
registered with both
the
National Insurance Crime Bureau and the National Motor
Vehicle Title Information System.
RELATED [1]Why you may not need to file an insurance claim before
applying for FEMA assistance
[2]Why you may not need to file an insurance claim before applying for
FEMA assistance
People whose flood-damaged homes and vehicles weren't covered by flood
insurance or with coma|
The state's Office of Motor Vehicles also will issue a certificate of
destruction for any
car that is
totaled because of a gubernatorially declared disaster. The certificate
is reported to those
same national databases as a "fatal brand," or one that should prevent
the car from being sold for
anything besides parts or scrap.
Insurance Auto Auctions sells only to licensed dealers, scrappers or
dismantlers, OaBrien
said. Members of the
public cannot purchase cars from the company's lots in Louisiana.
The process has improved since Hurricane Katrina, when thousands of
destroyed cars remained
under highway overpasses for months, said Jill Jarreau, of the OMV.
-----------33-3-3-3-3-3-3-3-3-3-3-3-3-3--2-2-2-2--2-2--2-4//5/4-4-4-4-4
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a-c- [11]South Centr
Louisiana Reminds Insurers of Flooded Vehicle Requirements August 18,
2016
flooded car
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a-c- [17]1 Comments
The Louisiana Department of Insurance has issued a reminder to
insurance companies regarding the Certificate of Destruction title
requirements for flooded vehicles.
The department issued the bulletin following the federal declaration of
disaster due to the recent [18]massive flooding in Southeast
Louisiana.
A Certificate of Destruction is a type of title for water damaged
vehicle that has been declared a total loss.
The department said that when, as a result of an insurance settlement,
a motor vehicle is determined to be a total loss due to water damage,
Louisiana law requires the insurance company acquiring ownership of the
vehicle to send the certificate of title to the Office of Motor
Vehicles along with an application for a Certificate of Destruction.
The certificate and application must be sent to the OMV within 30 days
from the settlement of the claim.
Source: Louisiana Department of Insurance
Related:
a-c- [19]As Louisiana Surveys Flood Damage, Death Toll Rises
a-c- [20]AIR Worldwide: Louisianaas Record Rainfall Caused by
Low-Pressure System
a-c- [21]6 Dead, Tens of Thousands Evacuated in Louisiana
Flooding
Get Insurance Journal subscribe
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a-c- Categories: [26]Texas / South Central News
a-c- Topics: [27]auto insurance, [28]Certificate of Destruction
title requirements, [29]federal declaration of disaster, [30]flooded
vehicles, [31]flooding in Southeast Louisiana, [32]Louisiana
Department of Insurance, [33]Office of Motor Vehicles, [34]total
loss, [35]water damaged vehicle
a-c- -----------------------------------
On Sep 5, 2016, at 4:55 PM, Charles Engles < [36][2]cengles at cox.net>
wrote:
Dear Forum,
An insurance adjustor friend of a Pantera friend
told
him that this Pantera is flooded and has been totaled and is
available
with a salvage title in Baton Rouge.
It appears to be pretty stock. One picture I did
not
include shows the tub with a space saver spare plus the red inflator.
The pictures seem to show a high water mark above the window sills.
It seems that this car is *supposed* to be available
for online auction through: [1][3]http://www.copart.com I have tried
searching for it three times and can't find it on their site although
there are lots of flood damaged and other cars there, i.e. Ferraris
and
Maseratis, etc, in small numbers.
Supposedly the value on the car was said to be
"$10,000". However, all the cars on the site are up for bid with a
few "drivers" also available for a "buy it now" price. Finally, it
seems that you have to register and pay a fee before you can bid.
However, if you're keen for a "deal", then perhaps
calling the Baton Rouge Copart salvage yard might be advantageous.
Warmest regards, Chuck Engles
References
1. [37][4]http://www.copart.com/
<IMG_2523.JPG>
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6. http://www.theadvocate.com/louisiana_flood_2016/article_87a96b8c-6e12-11e6-ab8d-2b9bbc050b34.html?sr_source=lift_amplify
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