2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

[John F.]

Re: Brace Yourselves

I sure hope the museum had sinkhole coverage on the building. It is not included in most policies. Remember the Winter Park Florida sinkhole that took a city block including a Porsche dealership back in the early 80's. I lived in Winter Haven at the time and a hole about 200 yds in diameter opened up and swallowed a citrus grove. I can remember stand there looking down at the treetops. One opened up across the street from my friends house and was a good 75' deep between two houses. There is a house sitting on top of it today after it was plugged with concrete.

[Steven B.]

Re: Brace Yourselves

GM announced they will restore all recovered cars.

[Donald O.]

[Don H.]

Re: Brace Yourselves

This tells me that the Corvette really is a halo car that the company covets and values, and that extends to the museum. This says that all will be made right. I am feeling better about the situation at the museum now.

[Terry M.]

2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

NCM press conference introducing new Corvette Plant Manager Jeff Lamarche, and news on vehicle recovery and skydome restoration timeline:

https://www.youtube.com/watch?v=M84BJC6r37o

[Jerome P.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

Thanks Terry.

[Kenneth B.]

Re: Brace Yourselves

Chevrolet to Oversee Restoration of Historic Corvettes To help the National Corvette Museum recover from the massive sinkhole that opened under the facility this week, Chevrolet will oversee restoration of the Corvettes damaged. General Motors Design in Warren, Mich., will lead the project.“The vehicles at the National Corvette Museum are some of the most significant in automotive history,” said Mark Reuss, executive vice president of General Motors Global Product Development. “There can only be one 1-millionth Corvette ever built. We want to ensure as many of the damaged cars are restored as possible so fans from around the world can enjoy them when the Museum reopens.”Ed Welburn, vice president of GM Global Design, will oversee the restoration.When the cars are recovered, they will be shipped to the Mechanical Assembly facility, a small specialty shop within GM Design, where the best restoration approach will be determined. Mechanical Assembly has been part of GM Design since the 1930s, and today maintains and restores many of the vehicles in the GM Heritage Collection and GM’s historic concept cars.

This is great news. THANKS GM. So much for folks that say big corps. don't have a heart.

[Brian G.]

Re: Brace Yourselves

Skydome Webcam is back up.............

http://www.corvettemuseum.org/webcam/camera6.shtml

[Tim G.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

Many acts of God are covered by insurance. If lighting strikes a building, that is a covered peril. If wind blows a tree over on a building, that is a covered peril. If the museum has coverage on their property for sinkhole coverage, it would not extend to vehicles in the museum unless they had some type of specific liability coverage for vehicles in their care, custody, and control. Even then, they would need to be liable or negligent to activate coverage. Each vehicle would be covered for sinking into the whole if the vehicle owner had comprehensive and collision coverage on the vehicle. Shifting of earth, mud slides, earthquakes are generally not covered for buildings unless optional coverage is purchased. Flood coverage is nearly always an additional coverage that is not built into commercial property policies.

[Michael J.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

Right Tim, you do wonder if their insurance policy covered the sinkhole collapse.

[Tim G.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

When I sold commercial insurance in Northern California, earthquake coverage was always an offered option. Many lenders would require earthquake coverage just as lenders do in flood zones. I have no idea if any lenders are involved in this case, but if so, they may have required this coverage.

[Patrick H.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

Right Tim, you do wonder if their insurance policy covered the sinkhole collapse.

They already reported yesterday that they did have sinkhole coverage on the building, and both the building and cars are fully covered.

[Michael J.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

Oops, I missed that.

[Terry M.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

Oops, I missed that.

Insurance coverage is just one of the reasons I posted the link to the press conference. Cliff Notes:
New Corvette Plant Manager
GM offers to oversee the restoration of all the cars damaged in the sinkhole

[Michael J.]

Re: 2-13-14 Update on NCM sinkhole recovery & new Corvette Plant Manager

I saw that, but I could not hear the sound on the link (combination of poor speakers on my MacBook Air and my poor hearing) and was trying to see if there was a transcript someplace today. Haven't found it yet. I did see an email from an NCM official that insurance would cover the cars however.