The business of insuring cars for accident damage, loss, theft, and medical injuries caused by a vehicle involved in an accident has been around for decades. In most cases the figures for claims, the request to pay for covered losses, has been within expectations, and auto insurance companies build their rates charged to customers accordingly, eventually charging enough from a pool to cover potential new claims, the cost of running the company and making a profit. However, once in a great while a claim comes in that really just exceeds any normal expectations and, regardless of argument, the insurance provider is going to end up paying the bill. These big insurance claims often come from extremely expensive coverage plans covering unique assets or a lawsuit for damages and a great loss the insurance company was involved with. Here are 13 of the biggest claims seen in modern times associated with a covered vehicle, which are well beyond the typical fender-bender.
13. Parts Are Big Business
One of the problems with expensive cars is that their parts are super darn expensive. That of course contributes largely to what makes a given vehicle a luxury car, but it also contributes heavily to the repair costs in claim too. And one-off part purchases are far more than factory pricing. One Ferrari owner found this out when he wrecked his Ferrari Enzo, racking up a repair bill claim of over $170,000 British Sterling Pounds.