Quote:
Originally Posted by tom406
I was wondering about the settlement as well. The insurance lot page lists the value at $111,000, which was the high bid. He paid 5% to BaT and the shipping cost (which I would hope they refunded) plus he may have paid tax and license already.
|
The carrier may have had a deductible amount on his insurance to keep the coverage cost lower too, just like we do on our cars. Since the buyer never got to use the car, the carrier will be liable to refund every dollar it cost the buyer. Getting anything beyond what the insurance pays from them may be another story. That's where the lawyers come into play and lawsuits start flying, but with the video proof of the drivers screw up, there should not be a shred of doubt about who is responsible.
Edit, I was just on the carriers website. They are company owned trucks, not leased O/O's. That is a big plus. Also, I copied this from their page...
"Unrivaled $2,000,000 cargo coverage insurance on each of our trucks."
Seems they should have the ability to pay for this in full.