The number of cars damaged in Superstorm Sandy has increased. The National Insurance Crime Bureau, or NICB, has increased the estimate of damaged cars to 250,000, with the majority of the damaged cars in New York and New Jersey. The NICB estimate is based on car insurance claims that have been processed by insurance companies.
The NICB estimates that 150,000 cars were damaged in New York and 60,000 cars in New Jersey, totaling 210,000 in those two states. Rounding out the top five of states with the highest damaged car insurance claims were Connecticut, 8,000; Maryland, 5,500; and Massachusetts, 5,000. The remaining 21,500 damaged cars were spread out over states in New England and the Eastern Seaboard.
The NICB noted that the data represented only cars that had a processed insurance claim and that it had no information on the extent of the damage of these cars. It cautioned that many of these cars may have been repaired and reconditioned and sold to unsuspecting buyers. To learn more about how to avoid buying a flood-damaged car, read "4 tips to avoid buying a water-damaged car."
Are you looking for a used car? Would you be able to notice damage that was caused by the storm?
Tara Baukus Mello writes the cars blog as well as the weekly Driving for Dollars column, providing both practical financial advice for consumers as well as insight into the latest developments in the automotive world. Follow her on Facebook here or on Twitter @SheDrives.