Insurance won't cover Vertigo

Cedar Fair's insurance won't pay the whole $7.2 million for construction, removal, and loss revenues of Vertigo.

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The InCrowd™
http://www.theincrowd.tk

Ok.........?........?

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-Dan
If you don't like it, Shut Up and don't get in line.

Okay. FYI.

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The InCrowd™
http://www.theincrowd.tk

http://www.toledoblade.com/apps/pbcs.dll/article?AID=2003102110035

If you want more info

Well, I guess we finally have an official word on the cause of the collapse, "vortex shedding". That seemed to be a popular choice back when we were discussing what could have caused the collapse.

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-Chris Woodard
"If you're standing in an uncomfortable position, that means you are in the right position because you are riding Mantis!" - Mantis ride op doing spiels on closing day.

I don't see how Cedar Fair can make a claim on the Vertigo at Knotts. After all, there was no loss. If I dismantle my car and try to collect from the insurance company, will they pay? Of course not. This seems to be much more of a product liability / product warantee issue with S&S rather than an insurance issue. I think the insurance company is correct in only paying for the cost to repair the ride.

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Florida may have Disneyworld and Key West,
but Ohio has Cedar Point and Put-In-Bay.
It's great to live in Ohio!

I think that S&S should pay for the losses. If a car manufacturer releases a brand new model, and something goes horribly wrong because of a defect, they are expected to fix the problem at their expense. In the case of an amusement ride, people don't just forget about a catastrophic failrue, so S&S should pay for all the rides.

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What is most anticipated event of 2003? the debut of Dragster, the release of Metallica's new album, the release of Terminator 3, or the release of Matrix:Reloaded...tough call.

USF&G claimed this ride was repairable. Can you believe that? I say CF should reassemble it and line up a few dozen wing-tipped lawyers and their families. Wheeee!

-'Playa

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The CPlaya 100--6 days, 9 parks, 47 coasters, 2037 miles and a winner.....LoCoSuMo.

The ride was repairable, just replace the tower which failed.

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Florida may have Disneyworld and Key West,
but Ohio has Cedar Point and Put-In-Bay.
It's great to live in Ohio!

Moreover, there is a good example that the rides (especially the Knott's model) could be fixed. One might be able to make an arguement that the CP ride needed to go, but since SFMM is opening the same ride with a "retrofit" that corrects the original problem, the same could have been done for the Knott's ride.

And as for public perception, the prevailing 'wisdom' here is that people in So Cal dont even know that CP exists, so why would they know about an accident on a similar ride?

Repairable? Sure! But my point is this...if those hypocrites were in the GP's shoes, they'd be a lot less likely to get all technical about it.

-'Playa

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The CPlaya 100--6 days, 9 parks, 47 coasters, 2037 miles and a winner.....LoCoSuMo.

2Hostyl said:
Moreover, there is a good example that the rides (especially the Knott's model) could be fixed. One might be able to make an arguement that the CP ride needed to go, but since SFMM is opening the same ride with a "retrofit" that corrects the original problem, the same could have been done for the Knott's ride.
And as for public perception, the prevailing 'wisdom' here is that people in So Cal dont even know that CP exists, so why would they know about an accident on a similar ride?

Unless the media made it known, the GP wouldn't know, correct.... Knott's pieces to vertigo are still on property. Why put up the ride though when the BBQ makes more profit.

It had nothing to do with who knew about it. It had to do with the fact that if the ride were to fail with people on it and they got hurt or died, the company would have a negligence suit so far up their ass that the cost would be far worse, to say nothing of their reputation.

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Jeff
Webmaster/GTTP - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

The only thing I don't understand is that if Cedar Point is self-insured (which it is), who makes the decisions as to what that insurance will and won't cover.

USF&G Specialty Insurance Co. of St. Paul. (Minnesota)

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The InCrowd™
http://www.theincrowd.tk
*** This post was edited by Anonymous 2/13/2003 5:36:58 PM ***