And in Other News

[OperaTenor]

He apparently couldn't afford insurance when he bought the car.

Didn't see the bit about it having been repainted.

From the renderings, it looks like the catwalk will be open on top. It must be incredibly anchored deep in the cliffside to be rated to hold as much weight as they claim.

<small>[ 01-18-2006, 02:59 PM: Message edited by: OperaTenor ]</small>

[piqaboo]

Ok, now you have me afraid that they've destabilized the cliff.

Selma, you go. Take our video camera and bring back good pix. Take OT with you if you and he like. Altoid will be held closely while I cower in a closet somewhere back in town!

[Shapley]

Piq,

I think the fact that he didn't have insurance is the main reason he got it back. If my memory serves me well, if insurance paid a claim for it, then it would become the property of the insurance company upon recovery, not of the original owner. It is up to the insurance company's policies then to determine whether or not to offer it to the original owner, or dispose of it themselves. Given that the replacement cost was about $6,000 in 1969, and the vehicle, 'as is', would fetch about $20,000-$40,000, I would suspect the insurance company might not have felt too much obligation to track down the original owner, even if he would have had to pay back the original claim.

V/R
Shapley

[OperaTenor]

I don't think the cliff is destabilized all that much, but I'd still like to witness a max load test(all 72,000,000 lbs.) of it before I set foot on it.

You're right, Shap. If insurance had paid a claim, the only way he could get it back would be to pay the insurance company an arbitrarily assigned salvage value.

I've totalled motorcycles a couple of times(not the 2003 wreck) and bought them back from the insurance company, and then repaired them mostly myself for less than the paid out claim. In those cases, the salvage value to the insurance company was incredibly cheap.

Nevertheless, I wouldn't recommend it as a method of upkeep.

[Shapley]

OT,

I thought it went something like that. My recollection of it stemmed from a case I recall reading about in which some heirloom jewelry was stolen. The insurance paid a claim for it. It was later (much later, I believe) recovered, and returned to the insurance company. The original owner tried to reclaim it, but was told that the insurance company had no obligation to return it to them. A legal battle followed in which, I believe, the insurance company won possession.

Again relying on memory here, but I believe the pieces were underinsured, and the cost to the family to repurchase them was significantly higher than the original claim paid.

V/R
Shapley

[Selma in Sandy Eggo]

Insurance is one of those industries that's regulated by the states. That means that there are 50 sets of rules.

Most places, if I'm correct, lost property becomes the insurance company's but the owner has the right to recover it by repurchase should it be recovered. That might not be true in all states.

I wonder if the Skywalk will have insurance vending machines by the entrance, like airports do by the boarding gates? It could be a moneymaker. <grin>

[Shapley]

If they do, I'm sure it would include an exclusion for bungee jumpers.

[OperaTenor]

Originally posted by Shapley:
My recollection of it stemmed from a case I recall reading about in which some heirloom jewelry was stolen. The insurance paid a claim for it. It was later (much later, I believe) recovered, and returned to the insurance company. The original owner tried to reclaim it, but was told that the insurance company had no obligation to return it to them. A legal battle followed in which, I believe, the insurance company won possession.

Actually, I thought the old woman threw it back into the ocean.....

[Shapley]

I have a sinking feeling you may be correct.

[OperaTenor]

Man, I thought it would be a titanic impossibility anyone would get that. Thanks, Shap....

[barfle]

They needed a bigger boat.

[piqaboo]

As jewelers will tell you, jewelry making is art, and 'my art will go on'.


<editted to correct memory flaw>

<small>[ 01-19-2006, 02:53 PM: Message edited by: piqaboo ]</small>

[Selma in Sandy Eggo]

Commuters find something different: Subway guy . And you right coasters think NYC is safer than that Skywalk thingie?

[piqaboo]

Uh.... whats dangerous about a dead guy?

[Selma in Sandy Eggo]

Originally posted by piqaboo:
Uh.... whats dangerous about a dead guy?

Probably nothing. It's the thought that whatever killt him might still be around.

It is nice to know that NooYorkers aren't nosy.

[Trumpetmaster]

Hi Everyone,

What the Doctor told me I had was a slight case of Bronchitis.... Turned into a Severe Case along with Pnuemonia.... Been in bed for a week sleeping and taking so many different drugs....

I'm about 90% now.... Pnuemonia is gone... still coughing blah blah blah blah.....

Hope everyone has been well!

Will try and catch up on all the posts.....

Regards,

TM

[piqaboo]

TM, ouch. thats got to hurt.

I think the NYguy was in an otherwise empty car during a period of low use. He seems to have been discovered pretty early in rush hour. How sad to die because there was no one near by to call for help. And because you sought a little privacy to unwind on the trip home from work.
Nothing said he'd been rolled. I wonder how intact his wallet contents were by the time his NoK picked them up.

[piqaboo]

Wheres Hal?

[Shapley]

T/M

Welcome back!

Piq, from what I've read, they surmise that he died during rush hour, and may have ridden the train for several hours before anyone noticed that he was dead.

Reminds me of the joke about the company that prohibits dying on the job, because it is impossible to tell the dead workers from the live ones. Apparently the same rule applied to commuters on the subway.

V/R
Shapley

[Trumpetmaster]

Shapely,
Thanks... Good to be back!
Probably leaving early today from the office...
Go home and rest a bit... then get some practice time in...

Anyway,,,,
I've been on the NYC subways many times over the years....

My guess is he was in the last car and people probably saw him and thought he was sleeping....

Regards,
TM