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Take the money, buy the car from the insurance company, get a shop electrical manual, learn auto electrics while fixing it. Most flooding repairs involve taking every connector apart, drying it out, spraying it with anti-corrosive fluid and putting it back together. This is tedious and time consuming work, because you only work with one connector at a time, but not very complicated. Done right you might be able to pay yourself a couple of grand while keeping the car.
I would not call buying an ABS computer and giving that system a going over simple or cheap.
Let it go. The problems are too insidious to ever think you've found all of them.
Here in MI, it would be issued a "flood" title, which I believe is orange instead of the usual green. It will never be worth anything ever again.
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