Maserati meets forklift

Hardy
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Maserati meets forklift

Postby Hardy » Sun Jan 21, 2007 11:36 pm

You may have read the recent story about the forklift operator who flipped a maserati onto its roof.

Just contemplating the insurance consequences....

The Maserati owner will claim on his policy and probably get paid out the value of a 1999 maserati, said to be about $110,000. I doubt he will accept it being repaired. The insurers will sell the wreck. Lets guess they get $40,000 for it.
The other $70k the insurers will try to recover from the forklift driver. He might have insurance, but I wonder if his insurance would cover the type of accident in this case - I suspect not. If not, then the maserati insurers will probably sue the forklift driver as well as the company that employed him and required him to operate the forklift, even if the company did not expressly ask him to move the maserati with it. There is a good chance the forklift driver will end up being held solely responsible with no insurance cover, and be left having to pay the $70,000 odd owing on the car.

As for criminal charges? The police could charge him with criminal damage, theft of motor vehicle, tampering with a motor vehicle. Could even add conduct endangering life.

So not a smart way to get a cheap parking spot...

Crashguru
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Postby Crashguru » Mon Feb 26, 2007 9:53 pm

However forklifts are not usually registered for road use ipso facto unable to be insured for MVAs and are usually emcompassed by a "Self insured" cover funded by the company. This type of damage is common place in the vehicle transportation industry, it is known as transit damage. Large co's such as the old Finemores ( now Toll) etc pay out ...well, lets say lots of $$$ as a matter of good business and in the interests of customer satifaction for such incidents. Something like this; they'd take ownership of the car, sell for salvage or at auction and wear the difference b/n salvage and pre accident value...mind you we used some pretty heavy handed assessors when Iwas in the industry LOL so the book value PAV( pre accident value) usually did not match the assessors PAV as they went over it all tyres, last service date : a clear indicator of if the car was looked after, everything.

Hardy
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Postby Hardy » Mon Feb 26, 2007 10:12 pm

However forklifts are not usually registered for road use


True, but this forklift was operating on a road, so the driver was either registered or running the risk of being charged with driving an unregistered vehicle on a road.
In any event, registration is independant to the existence of 3rd party property insurance or public liability insurance. Apparantly this was a construction company, not a common carrier. Many transport companies do cover customers losses as part of a "customer service", but the maserati did not belong to a customer, and the damage was not incurred in the usual course of business, so the resolution of the problem is less likely to follow that course. It is possible the driver of the forklift was a subcontractor or employee of a subcontractor, in which case the margins for covering a write-off of $110k would be slim.

Perhaps we need to find someone who works for the maserati's insurers.....

Crashguru
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Joined: Fri Feb 09, 2007 7:47 pm

Postby Crashguru » Sat Mar 10, 2007 4:28 pm

Well, that'd be bye bye everything I guess. Subbies rarely hold insurance as they think the co employing them has cover for them. We tried to set up a subbie insurance deal for all Finemore subbies once as the continual payments were a bane and the magrs would re hire the same subbie a week later after he's caused XXXX damage to stock or foodstuffs.

I
n any event, registration is independant to the existence of 3rd party property insurance or public liability insurance


Are we talking Vic or NSW? Vic you could register a f/l but not have insurance. They are'nt registerd for in site use but often are covered under the premises PL cover.


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