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Russo & Steele tent collapse?

Discussion in 'Arizona & New Mexico' started by Challenge64, Jan 21, 2010.

  1. 2NA

    2NA F1 World Champ
    Professional Ferrari Technician Owner Consultant

    Dec 29, 2006
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    Tim Keseluk
    He did the only possible thing, evacuate the building and close down.

    No need for a "worship service". ;)
     
  2. bpu699

    bpu699 F1 World Champ
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    Dec 9, 2003
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    I wondered this too...

    Does collectors insurance cover this??? Seems to me most have clauses about being covered only in a locked and secured garage...

    Reminds me of a friend. Had a mattress store. Was getting his place repainted, so he moved all of his stock into the adjacent store in the strip mall. The store burned down... His insurance would not provide any benefits to damaged stock held "off site," even though he had only moved it 15 feet into a space next to his store...he went bankrupt...

    Tecnicalities...technicalities...
     
  3. teej

    teej Formula Junior

    Jul 1, 2009
    463
    Pacific Palisades
    Now is not the time to be the owner of a tent rental and install business....
     
  4. Wolfgang5150

    Wolfgang5150 F1 Rookie

    Oct 31, 2003
    4,702
    Or what happens if you bought a car earlier in the day? Reminds me of the old phrase 'you can't get insurance when you need it'.....
    Hopefully Russo had a mega policy....
     
  5. Argento839

    Argento839 F1 Veteran
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    Oct 21, 2005
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    Texas
    I was wondering if there was a chance that if a car was just purchased that day that one might not have insurance at all...? Awful situation... I hope it gets sorted out in the best way possible.
     
  6. 2NA

    2NA F1 World Champ
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    Tim Keseluk
    #31 2NA, Jan 22, 2010
    Last edited: Jan 22, 2010
    We shall see now how much of a "stand-up guy" Drew is.

    Liability and insurance? Nothing cut and dried here.

    Russo probably has a liability policy to protect themselves but I doubt any actual coverage on consigned vehicles.

    I'll bet there's a big "hold harmless" clause in the consignment agreement.

    I recommend that nobody hold their breath.
     
  7. bpu699

    bpu699 F1 World Champ
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    When does one technically "own" a car bought at auction?

    When the gavel goes down?
    When payment occurs?
    When the check clears?

    Most "regular" insurance carriers give you insurance on a new car purchase for 10 days, even if you don't call them. For example, if you buy a car on a friday night, good luck reaching your carrier before monday. StateFarm/AmFam etc have told me I am immediatley covered, if I buy a car "similar" to previous cars...

    I can't image that the same occurs with Haggerty, etal. Or, does it? Pretty unlikely any new buyer had his car insured if they bought it that night...

    I see a lot of busy lawyers in the near future...
     
  8. Wolfgang5150

    Wolfgang5150 F1 Rookie

    Oct 31, 2003
    4,702
    Or what happens if you bought a car earlier in the day? Reminds me of the old phrase 'you can't get insurance when you need it'.....
    Hopefully Russo had a mega policy....
     
  9. Vegas-Guy

    Vegas-Guy Formula 3

    Nov 25, 2007
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    Reg
    So sad...:( just glad no one was hurt??
     
  10. Bobert

    Bobert Formula Junior

    Jan 17, 2004
    277
    Oak Hill VA
    R&S had 600 cars there. Were they all damaged? Probably not. I would suspect the damage was to 100 cars or less. Totaled? Probably not. Paint, trim, glass....this is not going to cost Grundy or Hagerty a huge some of money.

    By the way the new Hagerty commercials are uh...this will be a good test since they are making a big deal about how good they are at finding correct parts....

    I miss the old Hagerty commercials...at least the guy in the band had the hot car and girl!
     
  11. nthfinity

    nthfinity F1 Veteran

    Mar 21, 2005
    7,360
    South East MI
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    Isaac not Issac
    http://www.youtube.com/watch?v=nqqZ28m8uCo

    I think this would make for a great Hagarty comercial ;)

    Hopefully your right about the ratio of damaged v. undamaged cars.
     
  12. Challenge64

    Challenge64 F1 Veteran
    Rossa Subscribed Owner

    Jul 28, 2004
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    Ron
    The R&S media release said there was one minor injury. They were treated by Scottsdale Police. The website says the auction might continue later this weekend. We all know cars can be replaced and people can't. This could have be alot worse.
     
  13. WJHMH

    WJHMH Two Time F1 World Champ
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    #39 WJHMH, Jan 22, 2010
    Last edited by a moderator: Sep 7, 2017
    An email I just got a while ago.

    Image Unavailable, Please Login
     
  14. ismkv8s

    ismkv8s Rookie

    Jan 22, 2010
    1
    We are not sure of the extent of the damage to the speciale but it is coming back to us so we can repair anything that happend because of the storm.
     
  15. topcarbon

    topcarbon Formula 3

    Nov 3, 2006
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    well, the damage was severe.

    Im numb at the moment.
     
  16. Wolfgang5150

    Wolfgang5150 F1 Rookie

    Oct 31, 2003
    4,702
    Damn! Sorry to hear
    Kevin
     
  17. agup48

    agup48 Two Time F1 World Champ
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    ...and this will probably be the first time I will say, I don't want to see pictures :(

    Sorry to hear Jason!
     
  18. topcarbon

    topcarbon Formula 3

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    I dont think I should post pictures yet, but Im sure there are all kinds of pictures out there.
     
  19. agup48

    agup48 Two Time F1 World Champ
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    What are your options as of now, will it be fixed by them or will you be paying/insurance? I saw a video of Hagerty on site.

    Hope everything gets better. :eek:
     
  20. topcarbon

    topcarbon Formula 3

    Nov 3, 2006
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    my guess is that my car is a total loss. Every panel is damaged. 75% of my glass is damages beyond belief. It will be going to the body shop on monday for assessment. Its amazing how bad the car is.Its really sad.
     
  21. carkid

    carkid Rookie

    Sep 10, 2009
    8

    To be clear, it was a Lamborghini Diablo previously owned by M. Forbes, correct?

    Whatever it was, I'm sorry this had to happen.
     
  22. topcarbon

    topcarbon Formula 3

    Nov 3, 2006
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    yes
     
  23. ApexOversteer

    ApexOversteer F1 Veteran

    Feb 15, 2007
    5,733
    Smoky Mountains, TN
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    T.A. Bell
    TC, I can tell by things you've said here and elsewhere that you are that special breed of enthusiast that views ownership of these special cars from the POV that you are a caretaker of history, and because of that this event has cut you deeply. I hope for you and the car the happiest ending possible.
     

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