Avoid buying flood-damaged vehicles

August 20th, 2014 by admin

After storms, including the extreme flooding that ravaged Alberta and Ontario one year ago, some individuals try to resell flood-damaged vehicles. Seeking to cut down on this practice, the Insurance Bureau of Canada worked with the Alberta government to create a watch list of vehicle identification numbers (VINs) from vehicles that were "written off during the southern Alberta floods." 

The Bureau also compiled other tips for customers to avoid buying flood-damaged cars:

  • Select a reputable dealer.
  • Make sure to inspect the vehicle for damage, including water stains, mildew, sand or silt beneath carpets, floor mats, headliner cloth as well as behind dashboards.
  • Inspect the car for rust on the screw of the console or in other areas where water would not ordinarily get to. 
  • See whether there are signs of oxidation under the hood. Signs include white powder and pitting on aluminum and alloys.
  • Look at door speakers, which are frequently damaged during floods.
  • Have a certified mechanic perform an inspection prior to buying the vehicle.
  • Perform an ownership history search of the vehicle. To receive more information, you can order a Vehicle Record, sometimes called a "vehicle abstract." These cost $12 normally. 
  • Finally, go with your instincts. If a deal seems too good, this likely is the case and should give you pause. Additionally, customers can report suspicious vehicles to the IBC through the tips reporting program at 1-877-IBC-TIPS.

For answers to all of your auto insurance needs, including advice for buying a new car, contact the experts at Fundy Mutual. One of our experienced agents will be happy to help you with these and your other insurance needs.