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  #31  
Old 06-06-2018, 12:28 PM
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Kent Dorsey Kent Dorsey is offline
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I keep up with the SCI mini auction page, and I view most things they are auctioning as worn out and problematic. However, they had one the other day that I was surprised at, '08 Medalist, I think it had 70,000 miles, black over black (urrr, blackwall tires), no problems, in Southport, NC, and went for $8700.00... I could be wrong about the mileage, I just remember looking at it and thinking it needed a set of whitewall tires to set the black off...
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  #32  
Old 06-06-2018, 06:18 PM
Gus Boucher Gus Boucher is offline
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They may be self insured for liability and would also have excess carrier for once the self insured retention was reached. Depending on the insurance regulation for the state most ID cards would list the carrier for the excess and not the self insured. As far as the physical damage [collision/comprehensive] they could be self insured by not carrying collision/comprehensive. If the coach is being sent out for repairs regardless of coverage or not it sounds like its the most cost effective method VS replacement.
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  #33  
Old 06-06-2018, 06:57 PM
Peter Grave Peter Grave is offline
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Here in Pa. at least if self insured the card will say same excess liability is not mentioned. If they self insure their collision then that would not be indicated on the card as all the states care about is Liability. In the case of my dealer tags we carry two million liability and any vehicle on the lot or being driven has $75000.00 limit for collision and comp. with $1000.00 deductible. Insurance for any car business or transportation dead or alive is tough. My Godson runs a Special Ed. school transportion business and his insurance is almost $100k a year and the vehicles are not used for three months of the year. SCIs insurance has to be mind boggling.
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  #34  
Old 06-06-2018, 08:23 PM
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Her in SD they are required to post bond with the state then they can be declared self insured.
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  #35  
Old 06-07-2018, 12:47 AM
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Posting of a bond is almost always a requirement for self insured in all states. Our clients are very large and the cost of a bond for $1mil to $10 mil is way less than conventional dollar one coverage with a deductible. But we are starting to get off track about this crash. I was just curious about their collision coverage.
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  #36  
Old 06-07-2018, 10:26 AM
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why would they have any. with these cars that risk would be low. coverage for the fleet would be way more then a car or two a year they may need to replace.
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