Thai driver calls for justice after crashing his Ferrari on the motorway - says insurance won't pay

[Liverpool Lou]

4 hours ago, Tropposurfer said:

They ain't better than the vast majority of Aussie roads thats for dang sure! lol lol ????????????????????

Didn't say that they are.

[Liverpool Lou]

4 hours ago, 2long said:

13 hours ago, Liverpool Lou said:

"..he probably had some kind of idea why the price was what it was".

What does that mean?  As you're suggesting that the price may not have been normal retail, what was the price he paid for it, did he buy it new or used, what was the condition and the mileage?  Please share that information that you have with the rest of us.

What I'm suggesting and what other members would read into my posts is usually written in clear English. I'm no expert and I didn't sell him the car. I had never even heard of or met the guy.

So why did you say that "he probably had some idea of why the price was what it was"?   You're clearly suggesting that there was something wrong with the car because of the price and that he knew it.   

[NoshowJones]

15 hours ago, spidermike007 said:

Complete drivel. I am in the US right now. The vast majority of the highways are superb. And they continue to improve. Thailand can only dream about roads like these. Also, drivers here are infinitely more skilled than most Thai drivers, and far more conscious and respectful of other drivers. Not to mention the deterrent created by real police officers, instead of toothless local franchisees.

 

It is night and day. 

 

Anyone who deals with insurance companies knows they are a form of a mafia organization. They will do anything in their power to avoid paying. 

Excellent post. I agree entirely. I have driven all around Los Angeles and San Francisco, the length of the Pacific Coast Highway between San Francisco and down over the Mexican border, also through the Nevada Desert to Las Vegas, and have found all the roads immaculate, and never came across any bad drivers at all.

The roads in the UK and Thailand are nothing in comparison.

[rudi49jr]

9 hours ago, Orinoco said:

Insurance companies, well what can we say.

How do we describe them.

If i said Traffic wardens, what's the first word that pops into your head, that's what insurance companies are.

worldwide.  LOL.

 

 

Why is everyone always ragging on insurance companies? I never had any problems with them, getting paid when there was damage or whatever. 

[Liverpool Lou]

21 minutes ago, rudi49jr said:

Why is everyone always ragging on insurance companies? I never had any problems with them, getting paid when there was damage or whatever. 

It's as popular here as constant, unjustified Thai-bashing and it's almost always by people who have not had any bad interaction with insurance companies (i.e it's urban myth) or people who have had dodgy claims denied.

They don't realise that, on average, over 90% of motor claims are settled by insurers in favour of the policy holders.

[Rimmer]

An inflammatory / name calling post has been removed also a reply

[Harveyboy]

On 12/9/2021 at 2:07 PM, wombat said:

that has been my experience with insurance companies.

same the world over.. license to steal no more than thieves...

[DJ54]

If equipped with the computer (quasi black box) can be checked as to the driving history.. speed etc.

 

if? Engine isn’t damaged should a engine replacement be grounds for denial if same specs. as original.

 

(Quasi black box) US ..A federal regulation effective with the 2013 model year requires event data recorders to store 15 items, including speed up to five seconds before impact, whether and how much the gas pedal was pressed, whether the brakes were applied, whether the driver's seat belt was fastened, whether the front air bags inflated and how long that took, and the change in forward speed. Newer versions of the boxes can store sideways force taken from gyroscopes, measuring how fast a vehicle rolled over or whether antilock brakes and stability control were operating.

[Gandtee]

4 hours ago, xylophone said:

Have to agree with this post.

 

My experience of Thai roads is that they are poorly made/constructed in general and I remember a while back driving from Phitsanulok to Chiang Mai and was shocked to find the state of the road/s, because the large trucks which traversed that section had basically laid their own "tramlines" in the road making driving extremely difficult for ordinary cars.

 

Go to the other end of the country, and where I live on Phuket, there are a couple of motorways, or should I say dual carriageways plus, where the drains which have been installed on them have dropped a few inches and although I know where they are now and try and steer around them, it would be very easy for a small car to suffer with a broken stub axle because of these, and motorcycles beware!!

 

I could fill this whole thread with state of the roads here, with potholes, underground drainage systems which have collapsed, causing depressions in the road, huge, and I mean huge metal grilles placed in the road to try and alleviate flooding, which make it extremely dangerous for motorbikes in particular, but also cars, because they can't get a grip on the surface where these metal grilles cover one half of the road, and extend for 30 m or thereabouts.

 

There are several depressions in a road I frequently travel, where it is quite obvious that the drainage system underneath it has collapsed or is leaking and has eroded the soil/base, but instead of real maintenance work being done on them, the large depressions in the road have been filled with tarmac, which itself has suffered the same fate, and there appears to be no plan, absolutely no plan, whereby preventative maintenance or even planned maintenance is carried out on the roads here, and this is an island which is supposedly a showpiece for Thailand – – yeah right.

 

Shocking roads, poor drivers, and no policing, just about sums the situation up for me.

Now, now mother. Settle down. Life's not that bad. Take your medicine and go back to bed there's a good girl.????

[xylophone]

4 minutes ago, Gandtee said:

Now, now mother. Settle down. Life's not that bad. Take your medicine and go back to bed there's a good girl.????

Get a life.

[josephbloggs]

23 hours ago, hotchilli said:

Status.

Perhaps they like cars and can afford it.
 

Never understood comments like "why would anyone buy a Ferrari here".  It's obvious - because you love cars and you can afford one.  Plenty of good places to drive it.  I have always bought fast cars because I enjoy them.  I can't afford a supercar here but if I could I would buy one without a doubt and it would not be because of "status".

Comments like that come from jealousy in my opinion.

[Liverpool Lou]

1 hour ago, Harveyboy said:

On 12/9/2021 at 2:07 PM, wombat said:

that has been my experience with insurance companies.

same the world over.. license to steal no more than thieves...

...yet 90% of claims are paid out by the insurers the world over.   Odd that, isn't it, for a bunch of "thieves"?

[Orinoco]

1 hour ago, Harveyboy said:

same the world over.. license to steal no more than thieves...

Exactly, last year uk  33% increase in yearly premium.

landlords insurance, why, just because they can.

i have not made any claims with them.

or changed the terms of the policy.

Total robbers.

 

[Orinoco]

7 minutes ago, Liverpool Lou said:

...yet 90% of claims are paid out by the insurers the world over.   Odd that, isn't it, for a bunch of "thieves"?

sure, they just put the premium up next year to cover it.

Never see insurance companies go out of business

 

Ps, what one do you work for ?

 

[Ralf001]

34 minutes ago, DJ54 said:

If equipped with the computer (quasi black box) can be checked as to the driving history.. speed etc.

 

if? Engine isn’t damaged should a engine replacement be grounds for denial if same specs. as original.

 

(Quasi black box) US ..A federal regulation effective with the 2013 model year requires event data recorders to store 15 items, including speed up to five seconds before impact, whether and how much the gas pedal was pressed, whether the brakes were applied, whether the driver's seat belt was fastened, whether the front air bags inflated and how long that took, and the change in forward speed. Newer versions of the boxes can store sideways force taken from gyroscopes, measuring how fast a vehicle rolled over or whether antilock brakes and stability control were operating.

Are the Quasi box a Thailand required... or even a country of origin for the vehicle ?

 

There is more to this than an engine number, the VIN posted does not resolve in a ferrari vin tag decoder.... its dodgy.

[Liverpool Lou]

13 minutes ago, Orinoco said:

19 minutes ago, Liverpool Lou said:

...yet 90% of claims are paid out by the insurers the world over.   Odd that, isn't it, for a bunch of "thieves"?

sure, they just put the premium up next year to cover it.

Never see insurance companies go out of business

No, insurance companies do not just increase premiums by the amount of the paid claim to cover their exposure.

 

"Never see insurance companies go out of business"

55555!  For starters...

 

General insurer defaults

Company	Date
AA Mutual International Insurance Services Ltd	01/05/2007
Alpha Insurance A/S	11/05/2018
Andrew Weir Insurance Company Ltd	12/11/1992
Anglo American Insurance Company Ltd	10/03/1997
BAI Ltd (Builders Accident)	30/07/1998
Balva AAS Insurance	04/07/2014
Bermuda Fire and Marine Insurance Company Ltd	16/12/1994
Black Sea and Baltic General Insurance Company Ltd	24/08/1998
Bryanston Insurance Company Ltd	23/03/1992
Chester Street Insurance Holdings Ltd	09/01/2001
Continental Assurance Company of London plc	27/03/1992
Cotton Trades	N/A
Drake Insurance plc	11/05/2000
English and American Insurance Company Ltd	19/03/1993
Enterprise Insurance Company PLC	28/07/2016
Eurolife Assurance (International)Ltd	24/04/2009
European Risk Insurance Company hf.	28/04/2014
Gable Insurance AG	22/11/2016
Highlands Insurance Company (UK) Ltd	01/11/2007
HIH Casualty and General Insurance Company Ltd	16/03/2001
Horizon Insurance Company Ltd	19/12/2018
Independent Insurance Company Ltd	18/06/2001
KWELM Group of Companies	17/11/1993
Lemma Europe Insurance Company Limited	05/10/2012
Marina Mutual Insurance Association Ltd	14/11/1997
Millburn Insurance Company Ltd	11/12/2013
Municipal General Insurance Ltd	09/03/1994
North Atlantic Insurance Company Ltd	06/03/1997
OIC Run Off Ltd / London and Overseas	21/10/1994
Pacific and General Insurance Company Ltd	15/11/1985
Paramount Insurance Company Ltd	24/06/1996
Qudos Insurance A/S	20/12/2018
Scan Re Insurance Company Ltd	10/03/1994
Sovereign Marine and General Insurance Company Ltd	11/07/1997
The Aldgate Insurance Company Ltd	12/11/2009
The Exchange Insurance Company Ltd	06/10/2010
Trinity Insurance Company Ltd	23/03/1992
UIC Insurance Company Ltd	12/08/1996

 

 

AIG, Conseco, Executive Life, 

List of major bankruptcies of insurance companies in USA

Life Assurance Defaults

Company	Date
Oaklife Assurance Company Ltd	14/09/1993
Underwriters National Assurance Company	12/09/1980

Wind-up date	Date ofcreation	Company	Class of business	Headquarters
March 2017	1954	Penn Treaty Network America Insurance Company and its subsidiaries among which American Network Insurance Company	Life	Pennsylvania
December 2016	1964	American Medical and Life Insurance Company	Health, life and accident	New York
February 2015	2012	CoOportunity Health	Life and health	Iowa
January 2015	2008	SeeChange Health Insurance Company	Health	California
August 2013	-	Executive Life Insurance Company of New York	Life	New York
May 2013	1912	Lumbermens Mutual Casualty Company	Health	Illinois
April 2013	2006	Universal Health Care Insurance Company, Inc.	Accident and Health	Florida
July 2012	1934	Standard Life Insurance Company of Indiana	Life	Indiana
January 2011	1925	Golden State Mutual Life Insurance Company	Life, accident and health	California
November 2010	1964	National States Insurance Company	Accident and health	Missouri
May 2010	1923	Booker T. Washington Insurance Company	Life, accident and health	Alabama
June 2006	1996	Southern Family Insurance Company	Non life	Florida
July 2003	-	Legion Insurance Company	Non life, health	Philadelphia
February 2002	-	PHICO Insurance Company	Health, workmen's compensation	Harrisburg
October 2001	1817	Reliance Insurance Company	Life and non life	Philadelphia
July 2003	1978	Fremont Indemnity Insurance Company	Health, workmen's compensation	Los Angeles, California
September 2000	1914	California Compensation Insurance Company	Non life	San Francisco
February 1987	1985	Mission Insurance Company	Non life	San Francisco
March 1989	-	American Mutual Liability Insurance Company	Non life	Framingham
August 1986	-	Midland Insurance Company	Non life	New York
December 1985	-	Transit Casualty Insurance Company	Non life	Jefferson City

[Orinoco]

5 minutes ago, Liverpool Lou said:

No, insurance companies do not just increase premiums by the amount of the paid claim to cover their exposure.

 

"Never see insurance companies go out of business"

55555...

 

 

General insurer defaults

Company	Date
AA Mutual International Insurance Services Ltd	01/05/2007
Alpha Insurance A/S	11/05/2018
Andrew Weir Insurance Company Ltd	12/11/1992
Anglo American Insurance Company Ltd	10/03/1997
BAI Ltd (Builders Accident)	30/07/1998
Balva AAS Insurance	04/07/2014
Bermuda Fire and Marine Insurance Company Ltd	16/12/1994
Black Sea and Baltic General Insurance Company Ltd	24/08/1998
Bryanston Insurance Company Ltd	23/03/1992
Chester Street Insurance Holdings Ltd	09/01/2001
Continental Assurance Company of London plc	27/03/1992
Cotton Trades	N/A
Drake Insurance plc	11/05/2000
English and American Insurance Company Ltd	19/03/1993
Enterprise Insurance Company PLC	28/07/2016
Eurolife Assurance (International)Ltd	24/04/2009
European Risk Insurance Company hf.	28/04/2014
Gable Insurance AG	22/11/2016
Highlands Insurance Company (UK) Ltd	01/11/2007
HIH Casualty and General Insurance Company Ltd	16/03/2001
Horizon Insurance Company Ltd	19/12/2018
Independent Insurance Company Ltd	18/06/2001
KWELM Group of Companies	17/11/1993
Lemma Europe Insurance Company Limited	05/10/2012
Marina Mutual Insurance Association Ltd	14/11/1997
Millburn Insurance Company Ltd	11/12/2013
Municipal General Insurance Ltd	09/03/1994
North Atlantic Insurance Company Ltd	06/03/1997
OIC Run Off Ltd / London and Overseas	21/10/1994
Pacific and General Insurance Company Ltd	15/11/1985
Paramount Insurance Company Ltd	24/06/1996
Qudos Insurance A/S	20/12/2018
Scan Re Insurance Company Ltd	10/03/1994
Sovereign Marine and General Insurance Company Ltd	11/07/1997
The Aldgate Insurance Company Ltd	12/11/2009
The Exchange Insurance Company Ltd	06/10/2010
Trinity Insurance Company Ltd	23/03/1992
UIC Insurance Company Ltd	12/08/1996

 

 

AIG, Conseco, Executive Life, 

List of major bankruptcies of insurance companies in USA

Life Assurance Defaults

Company	Date
Oaklife Assurance Company Ltd	14/09/1993
Underwriters National Assurance Company	12/09/1980

Wind-up date	Date ofcreation	Company	Class of business	Headquarters
March 2017	1954	Penn Treaty Network America Insurance Company and its subsidiaries among which American Network Insurance Company	Life	Pennsylvania
December 2016	1964	American Medical and Life Insurance Company	Health, life and accident	New York
February 2015	2012	CoOportunity Health	Life and health	Iowa
January 2015	2008	SeeChange Health Insurance Company	Health	California
August 2013	-	Executive Life Insurance Company of New York	Life	New York
May 2013	1912	Lumbermens Mutual Casualty Company	Health	Illinois
April 2013	2006	Universal Health Care Insurance Company, Inc.	Accident and Health	Florida
July 2012	1934	Standard Life Insurance Company of Indiana	Life	Indiana
January 2011	1925	Golden State Mutual Life Insurance Company	Life, accident and health	California
November 2010	1964	National States Insurance Company	Accident and health	Missouri
May 2010	1923	Booker T. Washington Insurance Company	Life, accident and health	Alabama
June 2006	1996	Southern Family Insurance Company	Non life	Florida
July 2003	-	Legion Insurance Company	Non life, health	Philadelphia
February 2002	-	PHICO Insurance Company	Health, workmen's compensation	Harrisburg
October 2001	1817	Reliance Insurance Company	Life and non life	Philadelphia
July 2003	1978	Fremont Indemnity Insurance Company	Health, workmen's compensation	Los Angeles, California
September 2000	1914	California Compensation Insurance Company	Non life	San Francisco
February 1987	1985	Mission Insurance Company	Non life	San Francisco
March 1989	-	American Mutual Liability Insurance Company	Non life	Framingham
August 1986	-	Midland Insurance Company	Non life	New York
December 1985	-	Transit Casualty Insurance Company	Non life	Jefferson City

Busted, so you do or did work for them.

What a joke.

 

Ps, welcome to the special list.  Bye. 

 

 

[richard_smith237]

26 minutes ago, Liverpool Lou said:

No, insurance companies do not just increase premiums by the amount of the paid claim to cover their exposure.

Actually they do... 

 

Years ago a I had a fancy car, the insurance premium was quite high. 

After a stone flew up and ‘chipped & cracked the windscreen’ the replacement was about 60,000 baht and I could claim on my insurance*.

 

The following year my insurance premium increased by about 30,000 baht !!!! when I asked why, it was because I’d had a claim the previous year.

Some may suggest no-claims bonus, but thats not the case as it was the first year I’d had that car and was insured with that company. 

 

Ultimately, the insurance company were attempting to recover their money somehow. 

 

Of course, I went with a different company.

 

 

Some Thai Health Insurance companies also increases the premiums if someone has had an expensive claim the year before. 

 

 

 

 

 

*Yes, a broken windscreen could be claimed with that insurance I was holding, contrary to insurance in the UK for example which doesn’t cover stone chips unless extra cover is taken). 

[aussienam]

On 12/9/2021 at 12:48 PM, anchadian said:

Why would anyone buy a Ferrari to drive on Thailand's Roads is beyong me?

It's all about being a showoff show pony.  "Look at me, look at me I'm rich!"  

[Jerno]

Suck it up Jockie-boy. Wrong motor?  You're screwed.  But Daddy will buy you another sportscar, no worries.  Next.....

[DJ54]

3 hours ago, Ralf001 said:

Are the Quasi box a Thailand required... or even a country of origin for the vehicle ?

 

There is more to this than an engine number, the VIN posted does not resolve in a ferrari vin tag decoder.... its dodgy.

 

Just read... In 2019, the European Commission and the European Council jointly approved a regulation that will require new safety measures in motor vehicles starting July 2022, including the installation of so-called "Event Data Recorders," a device similar to "black boxes" in aircrafts.

 

A good explanation...   https://youtu.be/g8wEDlpP5n4

 

Didn't find anything Thailand specific.....  

 

i stumbled upon it reading a article about famous golfers accident...

 

 

[Ralf001]

10 minutes ago, DJ54 said:

 

Just read... In 2019, the European Commission and the European Council jointly approved a regulation that will require new safety measures in motor vehicles starting July 2022, including the installation of so-called "Event Data Recorders," a device similar to "black boxes" in aircrafts.

 

A good explanation...   https://youtu.be/g8wEDlpP5n4

 

Didn't find anything Thailand specific.....  

 

i stumbled upon it reading a article about famous golfers accident...

 

 

the vehicle in question would be an import from the UK/EUR so most likely is fitted with this box.

[Reigntax]

On 12/9/2021 at 2:44 PM, Mr Meeseeks said:

My daily drive is a quick Benz which has low ground clearance and I have to be very careful about road conditions including potholes, sharp inclines, drain covers etc. I also own a Porsche Cayman which I only use on the odd occasion as the it can only be driven on certain highways due to the poor condition and nature of Thai roads. I have to ensure I do not end up somewhere that it cannot traverse or even get damaged!

 

Both cars are stock no suspension mods, lowering or anything else. 

 

Thai roads are very harsh on sports cars and even moreso on supercars like Jock's Ferrari 458. 

 

Also, your comment that "driving a Ferrari no more risky than driving any other make on them" when referring to Thai roads is nonsense as a Ferrari 458 has much lower ground clearance and lower profile tyres and thus will be far more susceptible to the poor road construction and surface than other vehicles such a pick-up for example.

 

Also, while we are on the subject Thailand uses a lot of un-surfaced pre-cast concrete slabs for roads which are extremely dangerous especially in the wet as they do not have the abrasive surface that tarmac or similar provides for vehicles.

Have never seen pre cast concrete used for roads. Most, if not all are in-situ and there is nothing wrong with concrete surfaces if finished true. 

Bitumen is generally only applied over concrete to even out the poorly built construction joints.

In regards to the coefficient of friction between a tyre and road surface there are too many variables that dont allow a broad statement as to which is better.

 

[josephbloggs]

1 hour ago, aussienam said:

It's all about being a showoff show pony.  "Look at me, look at me I'm rich!"  

So if you can afford nice things you shouldn't have them?  You should just buy a Corolla if you can afford a Ferrari because, erm, TVF geezers think you are showing off otherwise.  It really is a horribly jealous comment, a horribly jealous attitude.

If I have a nice house is it because I want to show off?  Or maybe I just like living in a nice house and having my creature comforts.
If I have nice car is it because I want to show off?  Maybe I just like nice cars and I can afford them.

If I dress in nice clothes is it because I want to show off?  Maybe I just like feeling good in how I dress.

Some people can afford nice things, get over it.  

If he is dripping in gold then I might agree with you.  How does he look?  Is he flaunting his wealth?  Oh, you have no idea do you.  He just has a nice car that you can't afford, hence the jealousy.

[moose7117]

On 12/9/2021 at 10:18 PM, spidermike007 said:

Not to mention the deterrent created by real police officers, instead of toothless local franchisees.

 

It is night and day. 

 

as long as you are white and priveledged.

 

African Americans seem to be killed for sport.

[jacko45k]

13 hours ago, aussienam said:

It's all about being a showoff show pony.  "Look at me, look at me I'm rich!"  

Or simply I can and like that sort of thing. My chances of having an Aston Martin have passed me by.... local prices notwithstanding. 

[Harveyboy]

19 hours ago, Liverpool Lou said:

...yet 90% of claims are paid out by the insurers the world over.   Odd that, isn't it, for a bunch of "thieves"?

not in my case they didn't not cheap insurance either ...i take it you are in the business sir ..who else would stand up for these thieves..

[Harveyboy]

19 hours ago, Orinoco said:

Exactly, last year uk  33% increase in yearly premium.

landlords insurance, why, just because they can.

i have not made any claims with them.

or changed the terms of the policy.

Total robbers.

 

exactly mate its a licence to steal..except for liverpool lou on here who actually believes insurance companies are honest ha ha ..one born every day eh 

[Liverpool Lou]

4 minutes ago, Harveyboy said:

not in my case they didn't not cheap insurance either ...i take it you are in the business sir ..who else would stand up for these thieves..

"..who else would stand up for these thieves".

The 90%+ of policy holders whose claims are settled would stand up for them.  Those who brand insurance companies, in general, as "thieves" without providing anything empirical to back their doubtful claims have no credibility whatsoever.   

[jacko45k]