I had a close look at the title status and realized that Texas considers all flood damaged cars as no longer fit to be put on the road. They are considered to be for parts or scrap value only.
This coupe is dead. All that's left is to harvest the parts.
Here's the exact language as provided by the Texas Department of Transportation:
NONREPAIRABLE MOTOR VEHICLE: A "nonrepairable motor vehicle" is a motor vehicle that:
is damaged, wrecked, or burned to the extent that the only residual value of the vehicle is as a source of parts or scrap metal; or
comes into this state under a title or other ownership document that indicates that the vehicle is nonrepairable, junked, or for parts or dismantling only.
A vehicle for which a Nonrepairable Vehicle Title is issued on or after September 1, 2003, may not be rebuilt, retitled, or operated on the public highways.