CM1995
Administrator
- Joined
- Jan 21, 2007
- Messages
- 13,475
- Location
- Alabama
- Occupation
- Running what I brung and taking what I win
I have often heard tale of the legalities of exceeding Mfg ratings on the internet... insurance won't cover you, bus loads of nuns and orphans will perish, will be cast to the 7th layer of Hell after rotting in prison... I've never seen it happen in life though. I've never seen a law that says manufacturer ratings are a metric the law considers, etc.
Well have a commercial vehicle in an accident overloaded beyond the MFG ratings and this guy or one just like him, will take your insurance company to the ropes
.
The lawsuit won't affect you immediately as your insurance company will settle with this weasel and drop you, however it will affect your insurance rates the following year when you have to find another carrier.
Business and subsequently insurance is akin to gambling - how much risk are you willing to take for the reward?
One might go throughout their life and never have to deal with an accident and a lawsuit or you might find yourself smack dab in the middle of one. Which side of the dice do you trust?