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  #1  
Old 01-24-2010, 12:09 PM
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Collector car premiums had been pretty reasonable...key words being "had been".
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Old 01-24-2010, 12:33 PM
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So sad.... I wish all of those cars owners the best !

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Old 01-24-2010, 12:34 PM
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It will blow back on russo and steele, cause it will come down to why didn't they install better tents. Then russo is going to state to save money and keep overhead down and I see a bankruptcy.
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Old 01-24-2010, 12:37 PM
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That is just sickning to look at. Russo should be held laible for all damages. No different than any shop in possession of a customers car being worked on. Might be a different story if the cars were outside at a car show. If Russo insurance does not cover the damages, I forsee a massive multi-million dollar class action suit coming.
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Old 01-24-2010, 01:53 PM
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Holy $***. My heart dropped after seeing some of those cars. I feel for the owners that have cared for those cars as if it was a child. I would be PO'd beyond measure.
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Old 01-24-2010, 02:02 PM
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OMG!!!!!!!!!!!!!!!! What a mess..
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Old 01-24-2010, 03:04 PM
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Quote:
Originally Posted by Musclerodz View Post
That is just sickening to look at. Russo should be held liable for all damages. No different than any shop in possession of a customers car being worked on. Might be a different story if the cars were outside at a car show. If Russo insurance does not cover the damages, I foresee a massive multimillion dollar class action suit coming.
If it is found that the owners of the tents, or those who set them up, were somehow negligent, then those parties would be responsible. Otherwise, I would imagine that the individual insurance policies on the individual cars would be responsible, just like when you leave your car at a shop for repair. At a shop, the shop is responsible if they are somehow negligent, otherwise, it is the insurance policy on the car that is liable.

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Old 01-24-2010, 03:56 PM
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Quote:
Originally Posted by ProTouring442 View Post
If it is found that the owners of the tents, or those who set them up, were somehow negligent, then those parties would be responsible. Otherwise, I would imagine that the individual insurance policies on the individual cars would be responsible, just like when you leave your car at a shop for repair. At a shop, the shop is responsible if they are somehow negligent, otherwise, it is the insurance policy on the car that is liable.

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shops should have "garage keepers" insurance. If something happens while in the shops facilities, the insurance will cover the damage up to the indivual vehicle cap amount. If the shop has no insurance, the personal insurance on the car "MAY" cover it depending on coverage clauses, but will turn right around and attempt to collect from the shop who had control over the vehicle at time of damage. The owners of all the cars damaged should not be liable for the tent that came down on top of them. That should either be covered by Russo or the company that owned and or errected the tents.
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Old 01-25-2010, 06:36 AM
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Quote:
Originally Posted by Musclerodz View Post
shops should have "garage keepers" insurance. If something happens while in the shops facilities, the insurance will cover the damage up to the indivual vehicle cap amount. If the shop has no insurance, the personal insurance on the car "MAY" cover it depending on coverage clauses, but will turn right around and attempt to collect from the shop who had control over the vehicle at time of damage. The owners of all the cars damaged should not be liable for the tent that came down on top of them. That should either be covered by Russo or the company that owned and or errected the tents.
Sure isn't the way it worked here. Perhaps it works different in the custom car world, but when we ran a shop (a mechanical shop) our insurance was there for when we did something to mess up a car (I.E. set a lift down on a door, dinged a car with a jack handle), not for when Mother Nature, or another customer decided to get stupid and mess up a customer's car. When that happened, it worked exactly the same as when the car was parked at any other facility, that is, the individual insurance companies worked it out.

In any case, I am sure the appropriate parties will step up to the plate and work it out. I feel very badly for the owners of these vehicles, not to mention the various people at the involved companies who must be pulling their hair out at the moment!

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Old 01-25-2010, 12:21 PM
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I assume all the total loss cars will be bought back by owners and if not where would these cars end up.
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