2015 M3 owner arrested for insurance fraud

Needsdecaf · 12-09-2015, 05:13 PM

If you crash on track fess up!

Anyone here? Lol.

http://www.presstelegram.com/general...ing-to-insurer

2000cs · 12-09-2015, 05:30 PM

You can buy track insurance if your policy doesn't cover it. Otherwise, be sure you can afford to walk away from the car financially. Why be dishonest when there are honest ways to protect your finances?

Needsdecaf · 12-09-2015, 05:30 PM

Quote:

Originally Posted by 2000cs

You can buy track insurance if your policy doesn't cover it. Otherwise, be sure you can afford to walk away from the car financially. Why be dishonest when there are honest ways to protect your finances?

Exactly.

ASAP · 12-09-2015, 05:32 PM

Guy worked at a dealership? lmao

This is too easy man.

mrduder · 12-09-2015, 05:36 PM

wonder how they found out?

AM4ZING · 12-09-2015, 05:41 PM

What a burn

minn19 · 12-09-2015, 05:57 PM

This guy looks very familiar and for some reason I've either read that name mentioned here or seen his picture posted. Can't quite place why or in what thread though.

MCanadaE46 · 12-09-2015, 06:41 PM

Most likely got caught because there was no police report. Insurance claims need that report to process a claim. Although..... based on the article, it seems he was paid out and then got caught?

This is why I will never go on the track without buying some sort of track insurance. The risk is just too high.

m4pewpew · 12-09-2015, 07:22 PM

Looking for track insurance?

http://locktonmotorsports.com/product/hpde-insurance

3er · 12-09-2015, 07:32 PM

+1 to track insurance. Although, the price of track admission + insurance is mighty close to the cost of renting a track car (e.g., GT3) from a racing academy. After running your car once or twice to see what it can do, I'd rather beat on their car versus my daily, costs being equal.

Needsdecaf · 12-09-2015, 07:33 PM

Quote:

Originally Posted by minn19

This guy looks very familiar and for some reason I've either read that name mentioned here or seen his picture posted. Can't quite place why or in what thread though.

He does....

G30 B58 · 12-09-2015, 07:38 PM

Came here to post this.

Happy holidays!! NOT!!

G30 B58 · 12-09-2015, 07:42 PM

Quote:

Originally Posted by mrduder

wonder how they found out?

http://www.s2ki.com/s2000/topic/1140...t__p__23824052

Quote:

Rumor has it that BMW assist is what caught him. Airbags deployed at ACS and he reported it at another location.

MaX PL · 12-09-2015, 07:56 PM

i've been on track twice and bought track insurance both times.

the first time i mentioned having purchased it to this dude in 996 track car, and he starts to tell me how its not necessary; how his brother crashed his e90 m3 at a track, had it towed off track, and filed a claim with his regular insurer.

yeh... glad i didn't take his advice during my second track day.

mrduder · 12-09-2015, 08:36 PM

Quote:

Originally Posted by F32 N55

Quote:

Originally Posted by mrduder

wonder how they found out?

http://www.s2ki.com/s2000/topic/1140...t__p__23824052

Quote:

Rumor has it that BMW assist is what caught him. Airbags deployed at ACS and he reported it at another location.

that sucks

AYTifosi · 12-09-2015, 08:47 PM

Does anyone's insurance cover track time / High performance driving school? I would be surprised. One time I called Amica to investigate switching to their coverage. One of the many questions I asked was about coverage for driving schools on the track. The customer service person said they didn't know but would find out. A week later I got a letter denying me coverage - even though I hadn't applied. I called to ask why and was told that "because I asked the question it demonstrated I had an interest and therefore I wasn't insurable."

I am also under the impression that any mechanical issues as a result of being on the track can void either that warranty service claim or the warranty itself. Anyone have any experience with that? Seems that with the black box they can see you were going over 4,000 rpm and over 60 mph.

Donger Kim · 12-09-2015, 08:47 PM

what a scumbag... so are insurance companies...

SakhirM4 · 12-09-2015, 08:50 PM

Quote:

Originally Posted by AYTifosi

Seems that with the black box they can see you were going over 4,000 rpm and over 60 mph.

That will not nullify your warranty - neither will driving your car on the track.

Hrmm · 12-09-2015, 11:36 PM

Quote:

Originally Posted by Nalen

Most likely got caught because there was no police report. Insurance claims need that report to process a claim. Although..... based on the article, it seems he was paid out and then got caught?

Even if the insurance company knew before paying out, my guess is by paying out the charges are increased or additional charges can be filed. For instance, it may be insurance fraud filing a false claim, but it's probably not grand theft unless you get the payout. I am not a lawyer, but I have watched plenty of Judge Judy :P Maybe someone smarter than me can chime in.

And seriously...you buy a $70-90k car and don't opt for track insurance? Penny wise, pound foolish.

V1.47fan · 12-09-2015, 11:42 PM

Playing race car driver ain't easy.

georgere · 12-10-2015, 12:12 AM

oh man, he was reading these forums too much, lol. I actually have seen this very advice on here somewhere (I.e. drive off truck then call insurance).

I agree this is wrong and he shall be punished but no jail. some huge fine that is worse than divorce....

mikex25 · 12-10-2015, 12:20 AM

And on top of that I am damn sure he got fired from his job

12-09-2015, 05:13 PM	#1
Needsdecaf Major General 6827 Rep 6,798 Posts Drives: 2024 G80 Comp xDrive Join Date: Feb 2011 Location: The Woodlands, TX iTrader: (0)	2015 M3 owner arrested for insurance fraud If you crash on track fess up! Anyone here? Lol. http://www.presstelegram.com/general...ing-to-insurer
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12-09-2015, 05:30 PM	#2
2000cs Captain 3524 Rep 1,004 Posts Drives: Potato Join Date: Feb 2012 Location: USA iTrader: (1)	You can buy track insurance if your policy doesn't cover it. Otherwise, be sure you can afford to walk away from the car financially. Why be dishonest when there are honest ways to protect your finances?
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12-09-2015, 05:32 PM	#4
ASAP Major General 10224 Rep 8,653 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	Guy worked at a dealership? lmao This is too easy man.
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12-09-2015, 05:36 PM	#5
mrduder Captain 472 Rep 787 Posts Drives: 2015 M4 Join Date: Aug 2015 Location: Irvine, CA iTrader: (0)	wonder how they found out?
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12-09-2015, 05:41 PM	#6
AM4ZING Colonel 1205 Rep 2,105 Posts Drives: M4 MW/SO 6MT, E46 M3 AW/IR 6MT Join Date: Jan 2015 Location: Los Angeles, CA iTrader: (0) Garage List 2004 BMW M3 [0.00] 2015 BMW M4 [0.00]	What a burn __________________ MILA \| E46 BMW M3 \| AW/IR \| 6MT \| KW V3 \| CSL \| Vorsteiner \| EMILY \| F82 BMW M4 \| MW/SO \| 6MT \| M Carbon Ceramic Brakes \| M Performance Exhaust \|
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12-09-2015, 05:57 PM	#7
minn19 Lieutenant General 14071 Rep 10,082 Posts Drives: 24 Z06, 23 CT4VBW, 22 PFinder Join Date: Jul 2013 Location: Minnesota iTrader: (0)	This guy looks very familiar and for some reason I've either read that name mentioned here or seen his picture posted. Can't quite place why or in what thread though.
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12-09-2015, 06:41 PM	#8
MCanadaE46 Private First Class 150 Rep 163 Posts Drives: BMW M3 F80 Join Date: May 2015 Location: Toronto, Canada iTrader: (0)	Most likely got caught because there was no police report. Insurance claims need that report to process a claim. Although..... based on the article, it seems he was paid out and then got caught? This is why I will never go on the track without buying some sort of track insurance. The risk is just too high.
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12-09-2015, 07:22 PM	#9
m4pewpew Second Lieutenant 64 Rep 256 Posts Drives: M4 Join Date: Jul 2014 Location: ATX iTrader: (0)	Looking for track insurance? http://locktonmotorsports.com/product/hpde-insurance __________________ BMW M4: Mineral White. DCT. Exec Package. Optional 19". Full leather. 7/7/14: On the waiting list \| 9/8/14: Order submitted \| 10/2/14: Order approved. Production number received \| 11/7/14: In Production \| 11/15/14: End of production \| 11/21/14: En route to the US \| 12/7/14: Finishing touches \| 12/13/14: At the dealer \| 12/15/14: Car in garage
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12-09-2015, 07:32 PM	#10
3er Major 946 Rep 1,275 Posts Drives: 2019 BMW M5 Competition Join Date: Jan 2012 Location: Katy, TX iTrader: (0)	+1 to track insurance. Although, the price of track admission + insurance is mighty close to the cost of renting a track car (e.g., GT3) from a racing academy. After running your car once or twice to see what it can do, I'd rather beat on their car versus my daily, costs being equal. __________________ *2019 ///M5 Competition* On Order: 2023 ///M3 Competition xDrive
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12-09-2015, 07:38 PM	#12
G30 B58 Pace Car Driver 1555 Rep 3,166 Posts Drives: '22 AW G30 B58 M-Sport Join Date: May 2014 Location: my garage in PA iTrader: (0)	Came here to post this. Happy holidays!! NOT!!
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12-09-2015, 07:56 PM	#14
MaX PL Major 533 Rep 1,415 Posts Drives: M3 Join Date: Feb 2012 Location: NY iTrader: (0)	i've been on track twice and bought track insurance both times. the first time i mentioned having purchased it to this dude in 996 track car, and he starts to tell me how its not necessary; how his brother crashed his e90 m3 at a track, had it towed off track, and filed a claim with his regular insurer. yeh... glad i didn't take his advice during my second track day.
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12-09-2015, 08:47 PM	#16
AYTifosi Captain 443 Rep 601 Posts Drives: 2015 M4 Join Date: Dec 2011 Location: Redmond, WA iTrader: (0) Garage List 2015 BMW F82 M4 [10.00]	Does anyone's insurance cover track time / High performance driving school? I would be surprised. One time I called Amica to investigate switching to their coverage. One of the many questions I asked was about coverage for driving schools on the track. The customer service person said they didn't know but would find out. A week later I got a letter denying me coverage - even though I hadn't applied. I called to ask why and was told that "because I asked the question it demonstrated I had an interest and therefore I wasn't insurable." I am also under the impression that any mechanical issues as a result of being on the track can void either that warranty service claim or the warranty itself. Anyone have any experience with that? Seems that with the black box they can see you were going over 4,000 rpm and over 60 mph. __________________ 2015 AY M4
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12-09-2015, 08:47 PM	#17
Donger Kim Captain 205 Rep 683 Posts Drives: MY16 M3 Join Date: Jun 2015 Location: Seattle iTrader: (0)	what a scumbag... so are insurance companies...
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12-09-2015, 11:42 PM	#20
V1.47fan Banned 1979 Rep 1,847 Posts Drives: TheArtist formerly known as M3 Join Date: Apr 2008 Location: NATIONWIDE iTrader: (0)	Playing race car driver ain't easy.
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12-10-2015, 12:12 AM	#21
georgere Lieutenant Colonel 586 Rep 1,935 Posts Drives: 2016 M3 BSM Join Date: Dec 2008 Location: Stamford CT iTrader: (1)	oh man, he was reading these forums too much, lol. I actually have seen this very advice on here somewhere (I.e. drive off truck then call insurance). I agree this is wrong and he shall be punished but no jail. some huge fine that is worse than divorce.... __________________ My 1st love was 2006 BMW 325i Sport + Prem 6MT but I married the 2016 M3 BSM MDCT.
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12-10-2015, 12:20 AM	#22
mikex25 Major 397 Rep 1,204 Posts Drives: Grey thing Join Date: Apr 2007 Location: San Jose iTrader: (4)	And on top of that I am damn sure he got fired from his job
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