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[Land-speed] Theft Insurance

To: land-speed@autox.team.net
Subject: [Land-speed] Theft Insurance
From: BWANA343@aol.com
Date: Tue, 11 Nov 2008 17:52:46 EST
Sometime between 7pm Oct 31 (Halloween) and Mon morning the 3rd, my race  car 
trailer was broken into and mostly looted while it was away at the shop on  
Long Island, NY, where a lot of work is done on it. I had planned on  picking 
up the trailer with #343 inside that day, Friday, and  the guys at  the shop 
had loaded my stuff back in to save time wen I got there. Only the car  was not 
in it, as I wanted to load it a different way to improve the space and  tow 
handling. I ended up being delayed and not able to get there until Monday  when 
we discovered  the break-in. It was locked up, but being a Aluminum  walled 
deal, turned out to be not that difficult to pop open a side door.
A little damage to the trailer, not enough to cover the $600 deductible. 
I was relieved of four tires on rims, two off, all my safety clothing  
including Fire Suit, Boots, Helmet, Nomex undies, head sock, and gloves. They  
also 
got a Aluminum Jack and stands, an EZ up, all told over $4K in  accountable 
reportable stuff. 
I asked the County Mountie that responded about if they investigate the  
usual local suspects in cases like this and got the how busy the local PD  is 
talk. Not that I really thought it would be worth of an  investigation.
 
  The reason I bring this to this list is to share my experiences with  the 
Insurance  company in the claims process. It seems they have a new  policy of 
"holding back" 20% of anything over $500 to  insure that  claimants do indeed 
purchase replacements of equipt reported lost. A helmet at  $300 is under the 
$500, but the tires at over $500 a set were in this  catagory.They will send 
you the "held back" 20% on receipt of proof of purchase  of that item after you 
buy it. Initially the time period was quoted as six  months after the initial 
incident, but further calls seemed to lengthen this  period. 
 Sounds like rebates, we usually forget to send them in after the  purchase 
memory fades.
I don't know how long this policy has been in effect, I just though I'd  
share in case somebody out there has a similar experience.
Could be worse, could be the beginning of the season, or the day before I  
planned to leave for Maxton, or (shudder) Maine. 
BOB W 
**************AOL Search: Your one stop for directions, recipes and all other 
Holiday needs. Search Now. 
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