Corvette Museum

[Jagdpanzer]

WOW, they look like my Hot Wheel cars I played with in the dirt back when I was a young kid

[LGAFF]

Wonder if the museum itself has sinkhole coverage for the building....earth movement is excluded under most base policies. I am not referring to the cars but the building structure.

[taximan]

Originally Posted by LGAFF

Wonder if the museum itself has sinkhole coverage for the building....earth movement is excluded under most base policies. I am not referring to the cars but the building structure.

Lee,

I know Marsh writes the cover for the museum. I am sure they had all bases covered with a property DIC, incl. quake, flood, and earth subsizement.

My big ? is what agreement GM had with the museum on those cars ? Since GM is self insured for the first $1.0mm, I am guessing the NCM assumes all responsibility from the General.

And since autos are generally excluded from coverage of property of others, that should be interesting.

Wouldnt look real good for GM to sue the NCM.

I left a message for Adam Boca, but I dont think he's involved with NCMs own insurance.

[LGAFF]

Originally Posted by LGAFF

Wonder if the museum itself has sinkhole coverage for the building....earth movement is excluded under most base policies. I am not referring to the cars but the building structure.

I believe they are saying now that this is not a covered loss.....

[LGAFF]

#‎Corvette‬ owners! Show your support of the National Corvette Museum by changing your FB avatar and sharing this status!

If you can, please donate at www.corvettemuseum.org as we are going to be faced with a deductible and a large expense of sinkhole repair/mitigation that is not covered by insurance.

Thank you!!

[LGAFF]

Its not clear if its saying the building is not covered or just the sinkhole mitigation(they mention a large deductible indicating there is coverage for something).

Generaly is the sinkhole damage is covered to the building so is the grouting and sinkhole mitigation

[taximan]

Originally Posted by LGAFF

I believe they are saying now that this is not a covered loss.....

Its a covered loss. However, the cost of reinforcing the spire, and other necessary update costs are not covered. I am sure the NCM would appreciate donations to replace those funds.