Have you got any photos of the damage and water levels?
I don't know how these things work, but not having it insured means it probably won't be written off? This means it could be re-registered once it's fixed. Of course, it also depends on just how damaged it really is. How high did the water get? Fresh or salt? Debris or clean?
On the other hand, being upfront and telling people, the water got this high and this is the issue(s) and selling it for parts is probably the most honest way to approach it. Of course I suspect the market is about to have more than a few of vehicles with that problem
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