Owner left with bill for burnt BMW after Vancouver riots

This car is systematic, hyyydromatic...why it's greased lightning!
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Err
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Owner left with bill for burnt BMW after Vancouver riots

Post by Err »

I don't know how many of you saw this but this is the followup:

http://www.autoblog.com/2011/08/19/owner-left-with-bill-for-burnt-bmw-after-vancouver-riots/
The Vancouver riot was a disgraceful act that played out in an otherwise wonderful Canadian city. Violent rage filled the streets, and misguided idiots turned their furious attention to local property in the form of store fronts and automobiles. One particular automobile was a black BMW M5 belonging to Jazmin Perez, who fought hard to try and keep the masses away from her German super sedan. Unfortunately for Perez, the ruthless mob didn't relent and her expensive machine burnt to the ground. Her saga doesn't end there, however, because Jazmin Perez is now on the hook for thousands of dollars worth of damages.

The BMW M5 in question was leased to Perez, who had insurance to cover the market value of the car. With her car now torched and ruined, Perez now needs to pay the difference between the insurance payout (fair market value) and the remaining balance she owes on her lease. The total she owes is reportedly in the thousands of dollars. Her insurance company and the leasing company both say they understand this was not her fault, yet contracts are contracts and Perez is the one who signed on the dotted line.

We feel for Perez in this situation. Mostly because she now owes thousands on a car that was destroyed by idiots, but especially because that car was a BMW M5.
Original story and videos: http://www.autoblog.com/2011/06/20/woman-valiantly-defends-bmw-m5-against-vancouver-rioters/
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Executioner
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Post by Executioner »

To bad the car did not have a detonation button so the idiots that destroyed it would be destroyed as well.
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b-man1
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Post by b-man1 »

gap insurance...sucks, but doesn't sound like anything unusual here. unfortunate, but that's how insurance works w/out gap. :(
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Err
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Post by Err »

If I were here I would've just jumped in, turned off the traction control, and started doing doughnuts. I hate to see an M5 destroyed but if you can afford to lease an M5, you can afford GAP insurance. Cars start loosing value the minute they leave the dealer's lot.
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