[DeTomaso] Flooded Pantera in Baton Rouge
Scott Mead Photography
scott at scottmeadphotography.com
Tue Sep 6 20:35:59 EDT 2016
Excellent points, Chuck. However, this car would be the perfect race car candidate: It would more than likely be fully gutted anyway, and once completed, would render a salvage title a moot point. If only there were a road course that didn't require a swim to get there, I'd consider the car.
Aloha from Hawaii,
Scott
-----Original Message-----
From: DeTomaso [mailto:detomaso-bounces at server.detomasolist.com] On Behalf Of Charles Engles
Sent: Tuesday, September 06, 2016 2:27 PM
To: 'Ed Mendez'
Cc: 'detomaso'
Subject: Re: [DeTomaso] Flooded Pantera in Baton Rouge
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
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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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