What, he did not have insurance? Unbelievable. We know everyone buys the proper insurance. What a knob. He could have had coverage for these at a relatively cheap price too through classic car insurance companies Then again, he is from Wisconsin!. We really need to start having required insurance courses in high school. Drop the stupid global warming classes and give the students someone they can actually use in real life.
Since when is flood excluded from an auto policy? He must have had SOME coverage in order to drive the cars for the annual “three weeks of sunshine” in Wisconsin.
And either his cars are really bad units or he’s a lying piece of dirt. $100k to “fix” a fleet of cars after flood damage seems ridiculously low – especially if the cars are nice / rare / etc.
well, duh, Reality Bites, how about if he just bought liability insurance and didn’t buy physcial damage insurance?
you must be a teacher, too. obviously not an insurance person.
Comp on $100k of collector cars, rated as antique/classics, with a $500 ded per car, would cost about $200 per year. It would have covered fire, theft, rodents eating the wiring and interior, collapse and of course flood. I think we wouldnt be reading a story about it if he had coverage. After all, what would be the headline? ‘Insurer pays claim?
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What, he did not have insurance? Unbelievable. We know everyone buys the proper insurance. What a knob. He could have had coverage for these at a relatively cheap price too through classic car insurance companies Then again, he is from Wisconsin!. We really need to start having required insurance courses in high school. Drop the stupid global warming classes and give the students someone they can actually use in real life.
The guy was a teacher. He didn’t need any education regarding insurance. As Forrest said “stupid is as stupid does”.
like the other saying goes, “those who can, do; those who can’t, teach”.
Where does it say he didn’t have insurance? Maybe he did.
Since when is flood excluded from an auto policy? He must have had SOME coverage in order to drive the cars for the annual “three weeks of sunshine” in Wisconsin.
And either his cars are really bad units or he’s a lying piece of dirt. $100k to “fix” a fleet of cars after flood damage seems ridiculously low – especially if the cars are nice / rare / etc.
well, duh, Reality Bites, how about if he just bought liability insurance and didn’t buy physcial damage insurance?
you must be a teacher, too. obviously not an insurance person.
If you can read this thank a TEACHER.
Comp on $100k of collector cars, rated as antique/classics, with a $500 ded per car, would cost about $200 per year. It would have covered fire, theft, rodents eating the wiring and interior, collapse and of course flood. I think we wouldnt be reading a story about it if he had coverage. After all, what would be the headline? ‘Insurer pays claim?
Exactly my thoughts Gill Fin.
Ah, but Gill Fin, so many of the headlines on this site boil down to “Insurer pays claim”.
I feel for him. Just the cars listed make me want to weep for him. Such a tragedy.