Russo & Steele Faces Lawsuits

[Bill Pritchard]

You just knew it wasn't a matter of 'if', just a matter of 'when'....from this morning's edition of The Arizona Republic newspaper....

http://www.azcentral.com/arizonarepu...russo0702.html

[Xplantdad]

The auction cars were uninsured? [img]<<GRAEMLIN_URL>>/hmmm.gif[/img]

I think that they have to be insured as part of the contract (as stated in the story).

Tri-Rentals claiming an act of god isn't gonna fly... [img]<<GRAEMLIN_URL>>/no.gif[/img]

[al8apex]

wow!

&quot;Phoenix attorney Robert Greer is representing 22 owners, who collectively have about 50 cars. Those vehicles were uninsured. Damaged cars included a 1974 DeTomaso Panterra, 1956 Cadillac and 1979 Mercedes 280 SLC.

<span style="font-weight: bold">Greer said it is a common practice for car collectors to go without insurance because they carefully store their vehicles and rarely drive them.</span>&quot;

huh????

Collector car insurance is CHEAP, that is why we all have it (I thought)

what kind of lame brain does not have AT LEAST collector car insurance on their car(s)? It could be stolen, the water pipes in their garage could leak, LOTS of other reasons to have insurance. Maybe it was just the &quot;flippers&quot; that didn't have insurance ...

and then:

&quot;O'Connor (atty for RS) said that the car owners who have sued are ignoring the consignment contract that requires arbitration for any disputes with Russo. The contract also requires owners to insure their vehi- cles.&quot;

So the consignment contract states the owners have to have insurance, that is the end of that suit IMHO

[PeteLeathersac]

I wish Drew the best throughout this whole ordeal!.

[img]<<GRAEMLIN_URL>>/beers.gif[/img]
~ Pete

[TimG]

I don’t think an act of God has anything to do with this claim being excluded, the question of coverage relies on negligence on the part of the tent company or the auction company. Many acts of God are covered by commercial and personal insurance such as tornado, lightning strikes, hail and others.

The question of negligence comes into play here. Is it fesible to erect a tent that can sustain winds of nearly 80 MPH and was the tent company negligent in the way they erected the tent? I really don’t know if they were, I don’t know if you can erect a tent and expect it to resist winds of that force. If a 25 MPH wind blew the tent over and poles damaged cars, they certainly would be negligent, reguardless of it being an act of God.

There may be some alleged negligence due to not securing the tent properly in the soft dirt instead of asphalt like the tents were erected at Barrett Jackson. Now is there negligence on the part of the auction company for not allowing the car owners to evacuate their cars prior to the winds or even remove them after the first round of damage occurred? There could be some negligence for them reguarding these decisions unless their hands were tied by the Fire Marshal

I’ll let you know that we were in the main tent at Barrett Jackson and they were very close to having the same situation happen to them, that tent was rolling like the waves on the high sea. I thought it was going to collapse on all of those cars including one that we brought from Austin. Would they have been negligent? I don’t know, but the only way to minimize that risk would be to construct a permanent structure that is built to withsatnd winds of 80 MPH.

[quick-bowtie]

I think it boils down to what America has become or is becoming in a fast way. PEOPLE NOT TAKING RESPONSABILITY FOR THERE OWN ACTIONS!!and always wanting to pass the buck or blame others! Its no ones fault but your own if you dont have insurance and something bad happens to your car. GROW UP

[427TJ]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: al8apex</div><div class="ubbcode-body"> what kind of lame brain does not have AT LEAST collector car insurance on their car(s)? </div></div>

A cheap lame brain.

[Kim_Howie]

Sorry Bill, but I don't carry ins on my cars!!
I am not cheap or a lame brain. Also I have been a Ins. Agent for 36 years.
Your comment is like me saying everybody from your state is a Idiot!!

[427TJ]

Kim, you are always the exception to any rule!

Happy 4th!

[musclecars101]

<span style="font-style: italic"> </span> act of God ??? then Silver Auction must have direct line to God , they did not let cars park in there tents that nite ,The wind was forcasted at least a day ahead I had 6 cars that were insured 3 had 1 to 2000 in damage 2 were over$20,000 and I bought one there on Thursday and Russo wouldn't let me remove it from the property until after the auction it got hit by a tent or somthing (THEY HAD WARNING AND DID NOTHING) and thankyou to Grundy Insurance for fast and fair claims people. but much could have been done to prevent this,side walls on the tents maybe all it would take