• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

A $120,000 fender-bender

Random Variable

Random Variable

Lifer
The rear bumper of a Ferrari Enzo is made of a lightweight, durable carbon-fiber material used in race cars and by the aerospace industry.

State Farm Insurance Cos. realized the difficulty in repairing the car when one of its policyholders, driving an old truck while under the influence, scraped another policyholder's Enzo.

Cost of the 2003 Enzo: $600,000.

Cost of repairing car: $120,000.

Cost of bumper replacement: $24,000.
Click to expand...

http://www.pantagraph.com/stor.../bus_20050201004.shtml
 
heh, I don't think the truck driver has enough propert damage on his policy to cover that. I wonder if they'll make him responsible for the rest. His policy is probably gonna get cancelled. Maybe the Enzo guy too now that they see how much it costs to fix his car.
 
Originally posted by: OS
heh, I don't think the truck driver has enough propert damage on his policy to cover that. I wonder if they'll make him responsible for the rest. His policy is probably gonna get cancelled. Maybe the Enzo guy too now that they see how much it costs to fix his car.
Click to expand...

when you have a ferrari (or other exotic cars), you dont get run of the mill insurance

they have specialized insurance for exotic cars

 
Originally posted by: GTaudiophile
Labor. You just don't slap on a bumper...much less one for a Ferrari Enzo.
Click to expand...



Aye. On such a vehicle, the sound of the air rubbing against its bumper should be tuned to the note of G.
 
Originally posted by: z0mb13
Originally posted by: OS
heh, I don't think the truck driver has enough propert damage on his policy to cover that. I wonder if they'll make him responsible for the rest. His policy is probably gonna get cancelled. Maybe the Enzo guy too now that they see how much it costs to fix his car.
Click to expand...

when you have a ferrari (or other exotic cars), you dont get run of the mill insurance

they have specialized insurance for exotic cars
Click to expand...

Duh, but it doesn't matter. Business is business and if the insurance company sees that it's not profitable to insure this guy, it's not above them to jack up his rates or cancel his policy.
 
Originally posted by: OS
Originally posted by: z0mb13
Originally posted by: OS
heh, I don't think the truck driver has enough propert damage on his policy to cover that. I wonder if they'll make him responsible for the rest. His policy is probably gonna get cancelled. Maybe the Enzo guy too now that they see how much it costs to fix his car.
Click to expand...

when you have a ferrari (or other exotic cars), you dont get run of the mill insurance

they have specialized insurance for exotic cars
Click to expand...

Duh, but it doesn't matter. Business is business and if the insurance company sees that it's not profitable to insure this guy, it's not above them to jack up his rates or cancel his policy.
Click to expand...

How is Enzo's owner's policy gonna get canceled? his policy is unaffected
 
Originally posted by: z0mb13
Originally posted by: OS
Originally posted by: z0mb13
Originally posted by: OS
heh, I don't think the truck driver has enough propert damage on his policy to cover that. I wonder if they'll make him responsible for the rest. His policy is probably gonna get cancelled. Maybe the Enzo guy too now that they see how much it costs to fix his car.
Click to expand...

when you have a ferrari (or other exotic cars), you dont get run of the mill insurance

they have specialized insurance for exotic cars
Click to expand...

Duh, but it doesn't matter. Business is business and if the insurance company sees that it's not profitable to insure this guy, it's not above them to jack up his rates or cancel his policy.
Click to expand...

How is Enzo's owner's policy gonna get canceled? his policy is unaffected
Click to expand...

Q: What do insurance companies consider when they decide whether to cancel or not renew policies?

Claims. Do you file claims frequently or for large amounts?

link

The legality of the ins co not renewing his policy or cancelling it depends on state law, but they can just side step the whole issue by just saying they're increasing rates for that model vehicle.

 
Originally posted by: OS
Originally posted by: z0mb13
Originally posted by: OS
Originally posted by: z0mb13
Originally posted by: OS
heh, I don't think the truck driver has enough propert damage on his policy to cover that. I wonder if they'll make him responsible for the rest. His policy is probably gonna get cancelled. Maybe the Enzo guy too now that they see how much it costs to fix his car.
Click to expand...

when you have a ferrari (or other exotic cars), you dont get run of the mill insurance

they have specialized insurance for exotic cars
Click to expand...

Duh, but it doesn't matter. Business is business and if the insurance company sees that it's not profitable to insure this guy, it's not above them to jack up his rates or cancel his policy.
Click to expand...

How is Enzo's owner's policy gonna get canceled? his policy is unaffected
Click to expand...

Q: What do insurance companies consider when they decide whether to cancel or not renew policies?

Claims. Do you file claims frequently or for large amounts?

link

The legality of the ins co not renewing his policy or cancelling it depends on state law, but they can just side step the whole issue by just saying they're increasing rates for that model vehicle.
Click to expand...

ok maybe I am understanding the situation wrong.. who is at fault here? the truck or the enzo??

I thought the truck driver is at fault, so basically the truck's insurance should pay for enzo's insurance, right?

even if enzo's insurance needs to pay for the repairs, I bet he has some kind of special insurance (of course pay crazy premiums) deisgned for that car
 
Originally posted by: z0mb13
ok maybe I am understanding the situation wrong.. who is at fault here? the truck or the enzo??

I thought the truck driver is at fault, so basically the truck's insurance should pay for enzo's insurance, right?

even if enzo's insurance needs to pay for the repairs, I bet he has some kind of special insurance (of course pay crazy premiums) deisgned for that car
Click to expand...

Did you read the article? They were both insured by the same company. They have to pay for it themselves.
 
Originally posted by: OS
Originally posted by: z0mb13
ok maybe I am understanding the situation wrong.. who is at fault here? the truck or the enzo??

I thought the truck driver is at fault, so basically the truck's insurance should pay for enzo's insurance, right?

even if enzo's insurance needs to pay for the repairs, I bet he has some kind of special insurance (of course pay crazy premiums) deisgned for that car
Click to expand...

Did you read the article? They were both insured by the same company. They have to pay for it themselves.
Click to expand...

Ahh...

 
Originally posted by: OS
Originally posted by: z0mb13
ok maybe I am understanding the situation wrong.. who is at fault here? the truck or the enzo??

I thought the truck driver is at fault, so basically the truck's insurance should pay for enzo's insurance, right?

even if enzo's insurance needs to pay for the repairs, I bet he has some kind of special insurance (of course pay crazy premiums) deisgned for that car
Click to expand...

Did you read the article? They were both insured by the same company. They have to pay for it themselves.
Click to expand...

what do you mean? you're talking about the insurance company paying for both car/truck's damages? or the policy holders having to pay for their own damages??

I refuse to believe the enzo owner having to pay for damages when he had his parked car messed up by a drunk driver(altho being an enzo owner, he could probably easily afford it)... he should have his car fixed AND have absolutly no impact on his premium...
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top