Infamous Bugatti offshore excursion going to trial for insurance fraud

Submerged Bugatti Veyron

It appears the gentleman who piloted his Bugatti Veyron into a Texas lagoon has run into a spot of legal trouble. The insurance company that paid out $2 million for the trashed exotic is calling fraud on the whole scenario, and a federal judge has decided that the claim should go before a jury. Andy House of Lufkin, Texas, originally purchased the Veyron after securing an interest-free $1 million loan from Lloyd Gillespie. Philadelphia Indemnity Insurance Company alleges House attempted to pay a confidential informant to steal the Bugatti and set it on fire so that he could later claim insurance on the vehicle and double Gillespie’s initial investment.

Before that could happen, however, House drove the Veyron into a salt water marsh. Amateur video captured the vehicle calmly exiting the paved surface and splashing down, and House later said that he had swerved to avoid a pelican on the road while trying to pick up a dropped cell phone. The vehicle’s owner then left the supercar idling in the salt water for 15 minutes until the vehicle died of its own accord. House claimed that he was being bitten by mosquitos at the time and didn’t want to return to the car to turn off the engine.

The insurance company also claims that the collector’s car policy House took out on the vehicle doesn’t apply in this case since House violated the terms of the policy. Philadelphia Indemnity Insurance Company claims House put over 1,200 miles on the vehicle in the three weeks he owned it. Hit the jump to check out the video once again.

View the original article here

This entry was posted in Exotic Cars and tagged , , , , , , , . Bookmark the permalink.

4 Responses to Infamous Bugatti offshore excursion going to trial for insurance fraud

  1. Pretty part of content. I just stumbled upon your weblog and in accession capital to assert that I get actually loved account your blog posts. Anyway I’ll be subscribing in your feeds or even I fulfillment you get right of entry to persistently rapidly. Sorry for poor English I am visiting your site from India 😀

  2. Pingback: A.M. Best Affirms Ratings of The Safety Group, Its Members and Safety Insurance Group, Inc.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s