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What, he did not have insurance? Unbelievable. We know everyone buys the proper insurance. What a knob. He could have had coverage for these at a relatively cheap price too through classic car insurance companies Then again, he is from Wisconsin!. We really need to start having required insurance courses in high school. Drop the stupid global warming classes and give the students someone they can actually use in real life.
The guy was a teacher. He didn’t need any education regarding insurance. As Forrest said “stupid is as stupid does”.
like the other saying goes, “those who can, do; those who can’t, teach”.
Where does it say he didn’t have insurance? Maybe he did.
Since when is flood excluded from an auto policy? He must have had SOME coverage in order to drive the cars for the annual “three weeks of sunshine” in Wisconsin.
And either his cars are really bad units or he’s a lying piece of dirt. $100k to “fix” a fleet of cars after flood damage seems ridiculously low – especially if the cars are nice / rare / etc.
well, duh, Reality Bites, how about if he just bought liability insurance and didn’t buy physcial damage insurance?
you must be a teacher, too. obviously not an insurance person.
If you can read this thank a TEACHER.
Comp on $100k of collector cars, rated as antique/classics, with a $500 ded per car, would cost about $200 per year. It would have covered fire, theft, rodents eating the wiring and interior, collapse and of course flood. I think we wouldnt be reading a story about it if he had coverage. After all, what would be the headline? ‘Insurer pays claim?
Exactly my thoughts Gill Fin.
Ah, but Gill Fin, so many of the headlines on this site boil down to “Insurer pays claim”.
I feel for him. Just the cars listed make me want to weep for him. Such a tragedy.
More evidence to add to the body of knowledge I have compiled lifelong – we get a chance to make a choice, and the subsequent consequences are ours alone.
Here’s a good one – Party hard so that others can hardly party.
Wow! Lot’s of cynical folks making assumptions about whether this poor guy had insurance or not. The headline says “man loses classic cars…..” The article doesn’t say if he had comp insurance or not, but EITHER way he has lost these cars. They won’t be repaired, so if he has insurance and collects or didn’t have coverage and doesn’t collect he has still lost this collection.
Yes, we are making assumptions. What else can we do? The article was reprinted in an insurance journal, read by insurers. What are we supposed to discuss – whether the 1939 BMW has dual Stombergs? With regard to the pot calling the kettle black, why do you assume the cars won’t be restored? Many classic cars have made a more remarkable comeback than from a flood. Lastly, he had 13 vehicles with a total loss of $100K. About $8,000 apiece, or so. They were obviously not in any kind of ‘restored’ condition. Much more likely they were in ‘not so good’ condition to begin with, unless the total loss estimate is woefully low. Chillax, fighting saint. Just insurance geeks staying connected.
Teachers are the most notorius whiners on the planet. They are underpaid and overworked and without them our society would collapse.
I must do something I rarely do and agree with Gill Fin.
Fact: This article was first published 3:18 PM CDT, July 9, 2008 by Associated Press. Assuming an AP reporter explored the ramifications of the presence or lack of insurance seems to me to be a leap of faith to rival any jump made by the late Evil Knieval.
These postings rival Superman’s ability to leap tall buildings in a single bound in their jumping to conclusions.
Facts:
1. The presence or lack of insurance for this incident is unknown.
2. The full extent of the damage and the final estimate of repair cost is unknown since the vehicles are still under water.
3. The grade level and discipline Mr. Pritzlaff taught are unknown. For all that is known he could very well have taught Insurance at the college level.
greyboomer:
The responses given here are based upon the limited information provided, which is not uncommon with IJ. I have to again agree with Gill Fin’s last post. (As much as it pains me to agree with Fin) It pretty well sums up the situation along with the other who commented that if there was insurance available, this article would probably not have appeared. Finally, this is not NASA and the space program. Discussion here is not life threatening. This is a message board for opinions and thoughts. Lighten up and enjoy life.
#1 – I assume that these vehicles were operational.
#2 – I assume that he had the same warning about the pending flood as everybody else did.
Based on those two assumptions, would a prudent individual not take steps to save their treasured possessions?
DWT
Do not interject common sense into the discussion as greybooomer and others wish only to pity poor school taechers, regardless as to their mental competence.