Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#1
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Steve those scenarios are great but...one little thing you left out...even with really good Insurance, once you Max out the policy and the Attorney looks at you and still see's some meat on the bone he's coming after you and going to take everything you have anyway, these bs car policy's are for normal loss, fender benders, god help you if something really tragic happens.
B. [img]<<GRAEMLIN_URL>>/beers.gif[/img] |
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#2
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You are quite right, Sir. [img]<<GRAEMLIN_URL>>/beers.gif[/img]
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#3
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What if you sold your car on the block 30 mins before the tent blew off and the new buyer was a first time classic car buyer that came to fulfill their dream of owning an old car, and the dream car had a pole laying on top of it now. These are probably some of the grey areas that are in question. Hope it works out for Drew and company as I am sure it was/is a nightmare for him.
__________________
Dana MBTMF |
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#4
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Seller owes nothing, New buyer probably covered since most policies, collector or not, cover new purchases for some finite period of time til you get the paperwork done.
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