Lufkin man, insurance company at odds over Bugatti in lagoon
A Lufkin man and an insurance company out of Pennsylvania have been at odds since June 2010 over him driving a million-dollar car into a lagoon in Galveston.
Philadelphia Indemnity Insurance Company filed a lawsuit in federal court, alleging that Andy House made a wrongful claim in the damage of his 2006 Bugatti Veyron, estimated at a value of $2.2 million.
House drove the vehicle into the lagoon on Oct. 1, 2009, saying he had dropped his cellphone and when he picked it up, he was distracted by a pelican and drove it into a three-foot deep lagoon.
[See a copy of the full complaint filed in federal court.]
A nearby motorist caught the accident and captured it on video, which was then posted to YouTube.
According to the complaint, a confidential informant told the insurance company that House had offered him money to steal the car and burn it, making it appear it was stolen. The informant also said that when House drove the car into the lagoon, House offered to pay the confidential informant a portion of the insurance proceeds once recovered to remain silent during the investigation.
The insurance also has named House's lien-holder, Lloyd Gillespie, of Nacogdoches, in the lawsuit. According to the complaint, Gillespie sold the car to House on a $1,050,000 interest-free loan.
According to the complaint, House had sought the insurance coverage with the understanding the car would be used predominantly for display. However, House had put 1,200 miles on the car during the three weeks he had owned it.
The complaint states that during the day of the accident, "House had driven the vehicle from Lufkin, Texas to a friend's place outside of Houston. He then proceeded to a Taco Cabana for breakfast followed by a shopping errand to a Sprint store to buy a battery charger. After the Sprint store he drove into Galveston, Texas. It has been reported in the news and by witnesses to the Incident that Mr. House stated he was in Galveston to look at commercial property presumably for business. After driving around Galveston he stopped at a Wing Stop for lunch. After leaving Wing Stop he proceeded on another errand to a boat marina to look at purchasing a boat just before the accident. It was on the I-45 feeder road attempting to exit to go to the Marina that Mr. House wrecked his car. Mr. House apparently was attempting to access his GPS device on the phone to find the marina when he dropped the phone causing him to lose control of the car.
Auto Insurance Lienholder Rights - News
The insurance also has named House's lien-holder, Lloyd Gillespie, of Nacogdoches, in the lawsuit. According to the complaint, Gillespie sold the car to House on a $1050000 interest-free loan. According to the complaint, House had sought the insurance
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Auto Insurance, im swtiching companies but im worried about ...
I have Capital One as my auto lienholder and as of right now allstate as my insurance. I was sent a letter by allstate that they are going to cancel my policy as of 12/17 for nonpayment. They want $ 830 for a payment which I dont have right now.
I want to switch to Geico which is extremley inexpensive compared to allstate but i cant get coverage until 12/ 18 or at the latest 12/19. My huge question is even though techincally id be without coverage for a day would my lienholder come after the automobile even though im switching companies?
Scared, It shouldn’t be a problem, but do you owe Allstate right now, or is the amount due for the future? Also, if you live in California, anticipate to be in trouble because as soon as your insurance terminates the say comes after you. If you do not live in California, you will be ok, because you can prove you have insurance the next day to Capital One. Hope this helps:)
no they wont come after you,but i would not drive it for those days,i got caught between switching about 25 years ago,and had an accident,it cost me a lot of money to get out of it,so i would not worry about the lender,but do be extremely careful if you drive it,that’s usually when things happen is when you do not have no coverage,the lender you can speak to,and they will understand,good luck and Merry x-mas.Answer by oklatom Don’t drive the automobile on the day it’s without insurance. Leave it parked, off the road if you have a place to park off road so it will not have a chance of even being hit.
The chances are the lender will not bother you. Typically they do not worry about anything but not getting paid, and even then typically 90 days goes by before they get serious with repossession.
As I see it, your biggest worry is the possibility that Allstate will tell the say your insurance has been canceled for non-payment, and the say will void your registration or suspend your license to drive. If that happens you will have some work to proving you merely switched providers, and a copy of your then current insurance card should fix it, but be careful of that happening. Also, depending on whether the $ 830 is for past or future bills, Allstate might turn you in to collections, which will affect your credit rating.