FORUMula1.com - F1 Forum

[Selcouth_Feline]

http://jalopnik.com/photogallery/f1fire ... 1008521995

Burnt_McLaren.jpg

the owner took it out after six months of storage and an onlooker alerted the owner to smoke coming from the engine bay. The fire spread quickly and consumed the carbon fiber body work and 6.0 liter BMW V12 with horrifying efficiency. The car was a total loss, valued at $2 million and insured for $3 million

[RA Dunk]

ouch, what a waste of a class car ;(

[bud]

no fire extinguisher? i carry one in my car for exactly this type of thing!

whats the bet the owner didnt even service it before taking it out after those months sitting there!

[GWADanny]

what a waste 6months storage how could you keep that thing locked away for that long, they could have just given it to me for that period

[darwin dali]

Moron - or maybe not: nice way to make a million...

[myownalias]

Moron - or maybe not: nice way to make a million...

The owner wouldn't make a million; how many insurance companies pay out the full value of the insurance? The owner will be lucky if s/he gets the $2m value back!

[Jabberwocky]

I am not sure that a hand held fire extinguisher would be any good against 40 litres of Super Unleaded, and a lot of exotic materials.

Saying about keeping it stored for 6 months. who would want to spend that on a car only for it to get rained on?

[darwin dali]

Moron - or maybe not: nice way to make a million...

The owner wouldn't make a million; how many insurance companies pay out the full value of the insurance? The owner will be lucky if s/he gets the $2m value back!

That's for sure not a regular car insurance deal he's got. So, no haggling on the side of the insurance company - they'll pay up what the price of the policy states (unless they can prove some sort of foul play).

[racechick]

Moron - or maybe not: nice way to make a million...

That was my second thought- how to make a million in the current economic climate!

My first thought... What a waste of a gorgeous car. How sad !!

[scotty]

I knew this thread would include content destined to make me feel sad, so i tried to resist looking but alas....

Insurance is irrelevant when what you've insured essentially cannot be replaced!

[darwin dali]

I knew this thread would include content destined to make me feel sad, so i tried to resist looking but alas....

Insurance is irrelevant when what you've insured essentially cannot be replaced!

C'mon, it was just a McLaren

[Gaz]

[myownalias]

Moron - or maybe not: nice way to make a million...

The owner wouldn't make a million; how many insurance companies pay out the full value of the insurance? The owner will be lucky if s/he gets the $2m value back!

That's for sure not a regular car insurance deal he's got. So, no haggling on the side of the insurance company - they'll pay up what the price of the policy states (unless they can prove some sort of foul play).

As we don't know what type of insurance policy we can only speculate but I can't see any insurance company agreeing to pay out more than the car is worth. It's recommended that insurance policies are worth more than the insured item to ensure that most of the value of the product is recovered; I expect a payout of about $1.75m.

[irons_4_ever]

unlucky i was watcing a police programe the other day and they showed a man filling up he ferrari and it caught fire as some fuel hit the exhaust, lol

[darwin dali]

Moron - or maybe not: nice way to make a million...

The owner wouldn't make a million; how many insurance companies pay out the full value of the insurance? The owner will be lucky if s/he gets the $2m value back!

That's for sure not a regular car insurance deal he's got. So, no haggling on the side of the insurance company - they'll pay up what the price of the policy states (unless they can prove some sort of foul play).

As we don't know what type of insurance policy we can only speculate but I can't see any insurance company agreeing to pay out more than the car is worth. It's recommended that insurance policies are worth more than the insured item to ensure that most of the value of the product is recovered; I expect a payout of about $1.75m.

Marlene Dietrich had her legs insured for $1m - the value of her legs could be disputed based on what the yield of tissue and minerals (if ground up) would be dollar-wise. There is more to the value of something than the material value itself such as sentimental value, etc.