Indiana Code 9-22-3-2.5. “Flood damaged vehicle”
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Sec. 2.5. (a) As used in this chapter, “flood damaged vehicle” means a passenger motor vehicle that satisfies either of the following:
(2) The vehicle has been submerged in water to the point that rising water has reached over the door sill, has entered the passenger or trunk compartment, and has exposed any electrical, computerized, or mechanical component to water.
(1) The vehicle has been acquired by an insurance company as part of a damage settlement due to water damage.
Terms Used In Indiana Code 9-22-3-2.5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) The term does not include a passenger motor vehicle that an inspection conducted by an insurance adjuster or estimator, a motor vehicle repairer, or a dealer licensed under IC 9-32 determines:
(1) has no electrical, computerized, or mechanical components that were damaged by water; or
(2) has one (1) or more electrical, computerized, or mechanical components that were damaged by water and all such damaged components have been repaired or replaced.
As added by P.L.59-1998, SEC.3. Amended by P.L.258-1999, SEC.1; P.L.198-2016, SEC.382.