Thread: M5 On Fire
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      05-20-2014, 09:03 PM   #29
MoeDaher
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Drives: BMW F10 M5
Join Date: Apr 2014
Location: Charlotte NC

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Quote:
Originally Posted by Netwon View Post
Fire is a peril covered under auto/home insurance. If you buy a new home with warranty and it burns down who pays? Insurance or the builder?

It is the responsibility insurance to decide if they want to go after BMW to recover what they lost financially. Based on what insurance is out of pocket (remainder of lease payments).
If the fire is the fault of the builder and he is still building houses like it then a good builder would want to know what caused the fire and people who buy these homes would want to make sure their homes do not go on fire. Am I supposed to feel safe in a BMW now that I do not know why it went on fire?

BMW did not ask for the remainder of the lease, when you lease a car you are liable for the value of the car if the car is totaled. So my insurance paid off the value of the car not just the remainder of the lease!
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