I dunno, the car could be written off.
During the Newcastle storms/floods of a few years ago, my friend suffered the same predicament as you. He had a Ford Falcon XR8 sedan.
End result - write off as the engine was absolutely stuffed.
Then again, as your Z is new, a new engine maybe feasible. But then you run into issues when the Engine number doesnt match the placard on your car with the VIN/Engine etc.
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