| ironworks |
05-29-2015 08:49 AM |
Quote:
Originally Posted by NOPANTS68
(Post 606853)
That's actually not uncommon. At our shop, there are anywhere from 80-200 cars on lot at any time. None of those cars are insured by our policy and are instead covered by their owner's policies. This is of course a large, production collision shop. A friend of mine ran a large classic car consignment business for roughly 25 years and always had 300 cars on site. His inventory also was insured by its titled owners. At your shop the cars are 10 times more valuable and typically under construction or revision for a duration much longer than mine so I'm not sure if your policy would cover them or not.
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Your talking about 2 different elements, your bringing cars in off the street that were wrecked and still under the same insurance policy that drove down the street on. Its just insane to have a shop that builds 6 figure cars at 125 per hour and they do not cover the insurance. It's getting harder and harder to insure these projects on the customer side as there is no real way to put a value on a pile of parts that is not painted or running but worth 100k. We keep a running total each month to insure the cars for build cost until the project is handed over to the customer. And for a big time shop like that place is representing to be and charging what might be one of the largest hourly rates for what I saw was average work on a complete time and materials basis seems like a huge scam.
I know this is way off topic, but I have never heard or seen any of the cars they are promoting on their page before. |
