Posted on 02/18/2022 6:12:30 PM PST by entropy12
Many of those cars were paid for already. The owners were just waiting to take possession.
Hot rods?
I would think the VW's and Porsches are still owned by those car companies.
There are probably refundable deposits made by customers on some of those cars. Especially the Porsches.
Yeah, so who gets to pay the cost of replacing those Porsche cars?
Did we ever hear if there were electric cars on there. Did they decide to charge each other ?
Probably which ever insurance company gets left holding the bag after massive teams of lawyers milk it for all that they can for 5 years or so.
After clicking the link - the ship looked really high out of the water if it was fully laden. And I would think it would be even lower still if the crew had tried to pump any water on the fire.
SO long as petrol is easily available everywhere, I ain’t buying a battery powered car. First, they cost too much to buy, battery can die on longer trips (recently many EV’s were stranded during a major accident on I-95, it was cold night, and no way to charge dead battery onside of highway), and cost of replacing batteries is crazy high.
Probably the insurance companies, so you and me.
Just you Jonty30, I dropped my homeowner’s policy, and have the absolute minimum auto insurance required by Florida. Don’t carry any life insurance either, it is just another incentive to knock me off.
If the captain has abandoned ship and it’s been taken under tow by another. The ship is no longer the owners. it’s considered salvage.
The first element involves showing that the salvaged vessel faced a present and impending marine peril. However, the danger does not need to be immediate. Second, the salvage service must have been provided voluntarily. The salvaging entity will not qualify for an award if it was required to conduct the salvage operation by a contract or another legally imposed duty.
Source:
https://www.justia.com/admiralty/salvage-operations-at-sea/#:~:text=A%20vessel%20has%20been%20abandoned%20at%20sea%20Three,vessel%20faced%20a%20present%20and%20impending%20marine%20peril.
None of my business, FRiend, but dropping your HO policy is not a good idea.
As long as you have insurance, it affects you. Insurance companies use the profits of the more profitable insurances to offsent losses of less profitable insurance.
There is really no such thing as separate insurance policies anymore.
Yeah that is what State Farm tells me.
I never had collision insurance since 1964 when I bought my first new car. Probably saved enough to buy 2 new cars.
As for home insurance, this house is only 2 years old, I have checked all electrical circuits with a meter, no one smokes in the house, I have a fully fenced yard, and this is the richest county (St Johns) in Florida and a nice sub-division. I will save the insurance money to improve my property.
I pay like $70 every six months for the minimum required auto insurance.
I pay more, but my costs are higher in Canada.
I only have collision on my car and liability, as required by law.
How convenient
” (recently many EV’s were stranded during a major accident on I-95, it was cold night, and no way to charge dead battery onside of highway), “
Source?
“and cost of replacing batteries is crazy high.”
Batteries are outlasting the cars.
There has been speculation concerning the number of electric cars on that ship. VW has gone gung-ho on electrics. No one has responded in detail to that speculation.
If the ship actually IS full of electric cars, no one will probably want to touch it; the salvage profits will be eaten alive by the hazard liabilities and hazardous material issues. Even those ship breakers in Bangladesh might not want it.
https://www.theverge.com/2022/2/18/22940790/cargo-ship-fire-vw-porsche-lamborghini-ev-battery
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