Well I at least glad it was not my Hudson

Comments

  • MikeWA
    MikeWA Senior Contributor
    edited March 2013
    Owner will make out like a bandit on this deal- Insurance co. will give him the $830,000, he'll insist on getting the salvage as part of the deal, he'll spend a couple or 3 hundred G's to restore it (it doesn't look all that bad), and put a half million in his pocket. Worst case scenario, he "sold" the car for full value in a weak market. Doubt it has much sentimental value- the big buck cars are usually just about the money.

    I used to work for a company that loaned money to commercial fishermen. The fishing business went to he11 and we had a rash of "friction fires"- caused by the heat generated from the mortgage rubbing up against the insurance policy.
  • raidmagic
    raidmagic Senior Contributor
    Wow some people, there were calls for straight murder and for taking a pipe to the drivers knee. While I would be pissed I wouldn't be wanting to kill or mame anyone. Fire the guy and call it good if it is proven he was at fault
  • MikeWA
    MikeWA Senior Contributor
    You speak German. Good for you- that's pretty cool. And your point is?
  • RL Chilton
    RL Chilton Administrator, Member
    Mike-

    I think you're right on about the $$. My thoughts exactly.
  • hudsontech
    hudsontech Senior Contributor
    I was stationed at the Coast Guard Air Station in Brooklyn, NY for a while. Came fall, when it was time to pull boats out of the water and put them up for storage, we could sit in the duty office looking out over Rockaway Sound and watch boats catch fire. If you looked really close you could see small boats moving away from the burning boat going like crazy. Owners burned them for insurance, rather than pay storage fees all winter. A lot of them got nailed for insurance fraud.

    Hudsonly,
    Alex Bur
    Memphis, TN
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