When a hurricane hit us here in NJ several years ago ( I think it was the remains of Andrew) We had some flooding damage. The state said that as an AHJ I was to allow the people to use the piece of equipment if it looked good, didn't go under water and if a lic. elec. contractor took out a permit for the job. This way he took the responsability for the equipment. If the equipment went under water, Again we would be able to leave the equipment in place ONLy IF a contractor took out a permit and was responsible for the equipm. Or else we could get it field tested, but as you figure out, that was the most costly route. Long story short, equip. that went under water was normally junked.