Hurricane Ian Has Insurance Crime Experts Warning Car-Buyers

FORT LAUDERDALE, FL - SEPTEMBER 10:  Trees bend in the tropical storm wind along North Fort Lauderdale Beach Boulevard as Hurricane Irma hits the southern part of the state September 10, 2017 in Fort Lauderdale, Florida. The powerful hurricane made landfall in the United States in the Florida Keys at 9:10 a.m. after raking across the north coast of Cuba.  (Photo by Chip Somodevilla/Getty Images)

At a glance

  • Hurricane Ian flooded many vehicles when it hit Florida and other southern states last week. Experts warn unsuspecting car-buyers against the heightened risk of fraud as those cars may soon appear for sale across the U.S. without disclosing the damage.
  • It is too soon to know how many cars were damaged by Hurricane Ian, but the risk of fraud could be even greater following the deadly storm than in times past.
  • With the cost of used vehicles up nearly 40 percent since 2019, selling flooded-out cars is incredibly profitable and an attractive scheme for crooks.

Top News Stories

Sponsored