Ahh man, that sucks! I've has my share of water incidents and I always pull everything out of the phone (sim/sd/battery ect) and submerge it in rice right away f 24 hours. So far, I've save three BlackBerry this way.
Remember...you can by rice virtually anywhere anytime, even at a bar when I was loaded

lol
Your Priv has been number of stickers within it that when exposed to moisture, turn colour, from white to RED. The red stickers will indicate if your warranty is void or Not....red is bad obviously.
I hope in your case I am wrong! Good luck!!!