Check your Insurance policies for this...
#1
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Check your Insurance policies for this...
Many of you are aware of my experiences with the dealer here in Atl. that took a bunch of deposits and made a lot of other illegal transactions, then fled the country.
In addition to a large sum of cash I gave on deposit for a boat, he was also brokering my Fountain. Last Nov. he apparently sold my Fountain while claiming to me he had it at another location a good bit away from me.
After all the fraud and embezzlement surfaced I discovered my boat had been sold, converted to cash, and was gone with him out of country.I took out warrants on all activities that affected me and joined forces with other victims. Our lawyer suggested I file a claim with STATE FARM for my loss.
I filed, and after 60 day investigation they agreed that I was a theft victim and that my policy was in effect at the time of the sale/theft.
Now for the BULL%^IT. THey then informed me that STATE FARM policies specifically EXCLUDE any adverse consequences of leaving my boat with anyone else for ANY REASON. They are not liable under article I in the policy that if the boat is entrusted to another person, even for service, and the boat is damaged, stolen, etc. it is MY(or YOURS) responsibility.
Now, in addition to my CASH, I am out the entire value of my boat(I owned it). I AM PISSED!!
Sorry to be so long, but I hope to help anyone else that may find themselves in this position. I NEVER want to hear about someone else that got screwed this way.
I plan to post info. on my boat, and hope to locate it, before someone gets arrested for theft that wasn't their fault.
Any feedback or ideas are greatly appreciated, and I hope I've given you all some insight into what you can expect if your insurance company is the same way.
Greg
678-778-4734
In addition to a large sum of cash I gave on deposit for a boat, he was also brokering my Fountain. Last Nov. he apparently sold my Fountain while claiming to me he had it at another location a good bit away from me.
After all the fraud and embezzlement surfaced I discovered my boat had been sold, converted to cash, and was gone with him out of country.I took out warrants on all activities that affected me and joined forces with other victims. Our lawyer suggested I file a claim with STATE FARM for my loss.
I filed, and after 60 day investigation they agreed that I was a theft victim and that my policy was in effect at the time of the sale/theft.
Now for the BULL%^IT. THey then informed me that STATE FARM policies specifically EXCLUDE any adverse consequences of leaving my boat with anyone else for ANY REASON. They are not liable under article I in the policy that if the boat is entrusted to another person, even for service, and the boat is damaged, stolen, etc. it is MY(or YOURS) responsibility.
Now, in addition to my CASH, I am out the entire value of my boat(I owned it). I AM PISSED!!
Sorry to be so long, but I hope to help anyone else that may find themselves in this position. I NEVER want to hear about someone else that got screwed this way.
I plan to post info. on my boat, and hope to locate it, before someone gets arrested for theft that wasn't their fault.
Any feedback or ideas are greatly appreciated, and I hope I've given you all some insight into what you can expect if your insurance company is the same way.
Greg
678-778-4734
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hey greg you know mr "harris" has an ex wife and two kids that live in the area dont you? might be a lead you could use. let me know if there is anything else i can do to help you out.
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Let us know details including pictures and with 11,000+members we should be able to find it. If anyone sees a "similar" boat or the exact boat....step up to the plate and get more info. This is ONE of the craziest things I've ever heard of....I wish you luck in your investigation and hope that something good can come out of it.
#9
Performance Boat Center
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Damn shame to hear that one...
You're doing a far better job containing your feelings than I could possibly do.
I sincerely hope you find this guy.
What will happen when you find the Fountain?
Some guy, probably an honest guy, bought that boat "fair and square" with his hard earned cash....
Are you able to take it back from him? even though he paid for it and has a title for it?????
Again,
I sincerely wish you the very best with this terrible circumstance.
You're doing a far better job containing your feelings than I could possibly do.
I sincerely hope you find this guy.
What will happen when you find the Fountain?
Some guy, probably an honest guy, bought that boat "fair and square" with his hard earned cash....
Are you able to take it back from him? even though he paid for it and has a title for it?????
Again,
I sincerely wish you the very best with this terrible circumstance.
__________________
Tim Gallagher
Performance Boat Center-FL
[email protected]
954-809-8739
Wright Performance, MTI, Cigarette, Sunsation
Tim Gallagher
Performance Boat Center-FL
[email protected]
954-809-8739
Wright Performance, MTI, Cigarette, Sunsation
#10
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Re: Check your Insurance policies for this...
Originally posted by CASH BAR
Now for the BULL%^IT. THey then informed me that STATE FARM policies specifically EXCLUDE any adverse consequences of leaving my boat with anyone else for ANY REASON. They are not liable under article I in the policy that if the boat is entrusted to another person, even for service, and the boat is damaged, stolen, etc. it is MY(or YOURS) responsibility.
Now for the BULL%^IT. THey then informed me that STATE FARM policies specifically EXCLUDE any adverse consequences of leaving my boat with anyone else for ANY REASON. They are not liable under article I in the policy that if the boat is entrusted to another person, even for service, and the boat is damaged, stolen, etc. it is MY(or YOURS) responsibility.
The best advice I can give would be to READ YOUR POLICY. Most boat policies are "easy read" meaning that it's not full of insurance jargon, just plain old english. If questions do arise, CALL YOUR AGENT/COMPANY and get answers.
Remember that your premium payment doesn't buy you the paper the policy is printed on.....it buy's you the claims service/payment should a loss occur.
KNOW WHAT YOU ARE BUYING !!!
Last edited by Risk Taker; 09-26-2003 at 02:38 PM.