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Re: the ultimate dumba#@ move by me
I would have tried to buy it back from the ins. co. Most people I know would have aired it out, changed the fluids a few times and put it back on the road- no joke! 
That water looks pretty clean- crop field silted pond water is a little tougher on things. My ex brother-in-law has experience with that scraping the snow off the pond one year with a 7500lb. tractor so the kids could go ice skating. The tractor & him went ice fishing instead 
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'68 GMC shortbox 4x4 350/SM465/T221- bought it in '83 SOLD 
'72 K20 500 Cad/TH400/NP205 SOLD
'92 Chevy 2500 6.5 mech TD 4L80E crusty daily driver
'72 Monte Carlo... sweet low mile toy
'11 Dodge Challenger IE 392 6spd... midlife car 
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