Bugatti Veyron DOWN! - Page 9

Tmall · 11-19-2009, 09:14 AM

I didn't even know there was one posted.

Flexin · 11-19-2009, 09:25 AM

Quote:

Originally Posted by Tmall

I didn't even know there was one posted.

Derf posted it a while back. http://jalopnik.com/5404403/exclusiv...nto-texas-lake

James

RACER X · 11-30-2011, 11:18 AM

dang took this long to get to court........

http://www.inautonews.com/2009-bugat...nsurance-claim

The 2009 crash of a Bugatti Veyron into a Texas lagoon is reported to have been an alleged case of insurance fraud, as a federal judge decided the complaint should go before a jury.
Recorded on an amateur video that was viewed nearly 2.6 million times on YouTube, the crash is being challenged by Philadelphia Indemnity Insurance Company, which provided $2 million in collector-car insurance for the Veyron.

The company claims that the owner of the supercar, Andy House of Lufkin, Texas, intentionally drove the car into the lagoon to destroy it and get a big insurance payoff. The 2010 federal complaint also names one Lloyd Gillespie, who reportedly gave House a $1 million interest-free loan to buy the Bugatti. Philadelphia Indemnity claims House and Gillespie conspired to defraud the company in order to double the $1 million investment.

The company also says that its investigation uncovered a confidential informant who said that before the lagoon crash, House offered to pay him to steal the car and burn it in order to collect the insurance money.

“However, apparently Mr. House instead drove the car into the lagoon without the confidential informant’s assistance,” the complaint reads. “The confidential informant indicated that he believed Mr. House and Mr. Gillespie acted in coordination in this matter,” Philadelphia Indemnity added.

EpyonXero · 11-30-2011, 02:27 PM

I hope he gets nailed.

Particle Man · 12-03-2011, 11:34 AM

Quote:

Originally Posted by EpyonXero

I hope he gets nailed.

This.

Homeslice · 12-04-2011, 04:36 PM

If someone can buy one of those for only $1M, then why is the insurance company covering it for $2M?

Cutty72 · 12-04-2011, 07:50 PM

Quote:

Originally Posted by Homeslice

If someone can buy one of those for only $1M, then why is the insurance company covering it for $2M?

Because collector and exotic vehicles can be insured for a set value, rather than an "actual replacement" value, since they can't always be replaced.

He could insure that car for whatever he wants. The amount of coverage changes the premium that he pays.

Particle Man · 12-04-2011, 11:22 PM

Quote:

Originally Posted by Cutty72

Because collector and exotic vehicles can be insured for a set value, rather than an "actual replacement" value, since they can't always be replaced.

He could insure that car for whatever he wants. The amount of coverage changes the premium that he pays.

Yeah - I doubt he had basic comprehensive on it

askmrjesus · 12-04-2011, 11:59 PM

Quote:

Originally Posted by Particle Man

Yeah - I doubt he had basic comprehensive on it

I'm sorry sir, but your claim has been denied.

You do not have coverage for uninsured pelican.

JC

Particle Man · 12-05-2011, 05:45 AM

Quote:

Originally Posted by askmrjesus

I'm sorry sir, but your claim has been denied.

You do not have coverage for uninsured pelican.

JC

Maybe I should have said CARPrehensive...

11-30-2011, 11:18 AM	#83
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	dang took this long to get to court........ http://www.inautonews.com/2009-bugat...nsurance-claim The 2009 crash of a Bugatti Veyron into a Texas lagoon is reported to have been an alleged case of insurance fraud, as a federal judge decided the complaint should go before a jury. Recorded on an amateur video that was viewed nearly 2.6 million times on YouTube, the crash is being challenged by Philadelphia Indemnity Insurance Company, which provided $2 million in collector-car insurance for the Veyron. The company claims that the owner of the supercar, Andy House of Lufkin, Texas, intentionally drove the car into the lagoon to destroy it and get a big insurance payoff. The 2010 federal complaint also names one Lloyd Gillespie, who reportedly gave House a $1 million interest-free loan to buy the Bugatti. Philadelphia Indemnity claims House and Gillespie conspired to defraud the company in order to double the $1 million investment. The company also says that its investigation uncovered a confidential informant who said that before the lagoon crash, House offered to pay him to steal the car and burn it in order to collect the insurance money. “However, apparently Mr. House instead drove the car into the lagoon without the confidential informant’s assistance,” the complaint reads. “The confidential informant indicated that he believed Mr. House and Mr. Gillespie acted in coordination in this matter,” Philadelphia Indemnity added. __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD. Last edited by RACER X; 11-30-2011 at 02:38 PM..

11-30-2011, 02:27 PM	#84
EpyonXero AMA Supersport Join Date: Nov 2008 Location: Redneck Riviera, FL Moto: 2003 VFR800f6 Posts: 2,531	I hope he gets nailed. __________________

11-19-2009, 09:14 AM	#81
Tmall Aspiring Rapper Join Date: Nov 2008 Location: Halifax, NS Moto: '12 CB1000R Posts: 3,569	I didn't even know there was one posted.

12-04-2011, 04:36 PM	#86
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	If someone can buy one of those for only $1M, then why is the insurance company covering it for $2M?