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11-30-2011, 11:18 AM
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#1 |
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AMA Supersport
Join Date: Nov 2008
Location: Richmond, Tx
Moto: '10 Tuono Factory
Posts: 4,569
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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.
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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.. |
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11-30-2011, 02:27 PM
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#2 |
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AMA Supersport
Join Date: Nov 2008
Location: Redneck Riviera, FL
Moto: 2003 VFR800f6
Posts: 2,531
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I hope he gets nailed.
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12-03-2011, 11:34 AM
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#3 | |
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Custom User Title
 
Join Date: Nov 2008
Location: Central NY
Moto: 2003 SV650S
Posts: 14,959
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Quote:
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I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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12-04-2011, 04:36 PM
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#4 |
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Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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If someone can buy one of those for only $1M, then why is the insurance company covering it for $2M?
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12-04-2011, 07:50 PM
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Ride Naked.
Join Date: Feb 2008
Location: Flat and Straight ND
Moto: 08 BUELL 1125R, 05 SV650S
Posts: 7,916
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Quote:
He could insure that car for whatever he wants. The amount of coverage changes the premium that he pays.
__________________
Adrenaline... the wonder drug. Quote:
Quote:
3662 Supply NCO 
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12-04-2011, 11:22 PM
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#6 | |
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Custom User Title
Join Date: Nov 2008
Location: Central NY
Moto: 2003 SV650S
Posts: 14,959
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Quote:
__________________
I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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12-04-2011, 11:59 PM
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#7 | |
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Soul Man
Join Date: Nov 2008
Location: Everywhere, all the time.
Moto: '0000 Custom Turbo Cross (with jet kit).
Posts: 6,481
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Quote:
You do not have coverage for uninsured pelican. JC
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The way things are going, they're gonna crucify me. |
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12-05-2011, 05:45 AM
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#8 | |
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Custom User Title
Join Date: Nov 2008
Location: Central NY
Moto: 2003 SV650S
Posts: 14,959
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Quote:
__________________
I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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