100,000 Vehicles Flooded in Louisiana
Flood damaged vehicles in Louisiana are going to be an even bigger problem than expected.
The National Insurance Crime Bureau now estimates as many as 100,000 cars and trucks were soaked in last month’s historic flooding. That’s a much higher number than first estimated. And keep in mind, the count only includes insured vehicles, not ones that aren’t insured because they are older.
Meanwhile, the flooding also hit new car dealerships very hard as well. It initially closed or disrupted 60 to 80 dealerships. A handful of them lost their entire inventory of new and used vehicles.
At least 1,500 families with household members working at dealerships were among the 100,000-plus families across the Baton Rouge area impacted by the floods. The Baton Rouge and Lafayette areas were among the hardest hit.
The National Automobile Dealers Charitable Foundation Emergency Relief Fund is stepping in to provide some help. It’s distributing checks of up to $1,500 directly to affected employees. The National Automobile Dealers Association aims to raise $2 million more from members for the fund. It’s likely to be the second-biggest disaster relief effort staged by the fund after Hurricane Katrina.
More than 100,000 people have filed for federal aid. The flooding, which killed 13 people, damaged more than 60,000 homes.
Reprinted from Car Pro.
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