Quote:
Originally Posted by slider701
The big question is what happens next? If you bought a car and it was damaged are you obligated to now take delivery? If you had a car for sale that hasn’t sold but has already been consigned over to the auction do they continue to sell it at now a reduced price or do you get it back to have it repaired. And who is covering the insurance claims? I would image the event policy would most likely be covered through Lloyd's of London due to the sheer volume of cars, people and potential liability of hosting such an event. But does Lloyd's cover it or does it fall back on the owner’s policy.
One thing is for sure………the phones we ringing off the hook at Hagerty’s this morning………and a few lawyer’s had their golf game interrupted also.
|
I can give you a personal experience, my front fender was severely damaged by a water weight that was used to secure a semi trailer side awning. The owner of the truck was told that a damaging storm was coming but elected not to store his awning away before leaving for the day. That evening a gust of wind blew the awning up and threw the weight up in the air and it went through the roof of my trailer, his insurance company claimed "act of God". I was out $16,000 for trailer repair and deductible costs, but my company was very good about paying for their share of the damage. Bottom line, I had to pay for someones negligence. I feel for all the owners of those beautiful cars, perhaps the auction house will give them a better ending.