One way to handle not being paid

Have you ever dealt with insurance claims? The owner is not getting a new Ferrari from the insurance company. He’s getting a check for the fair value amount, and if you know anything about expensive vehicles it’s going to be a lot less than what he bought it for. The owner of the Ferrari is going to lose tens of thousands of dollars. Good luck trying to get that kinda money from that driver

 

If he's rich enough to own it. Hopefully he's smart enough to insure it properly. High value cars are a niche market and offer replacement value. So yes, he's likely getting a new one for "free."

 

Maybe, however my money is on what I said earlier.
I had a friend who could barely afford a Ferrari, didn’t have any special insurance on it, wasn’t rich. Based on this company not paying the driver (don’t know all the facts, but I assume it’s one of the Chicago outfits that’s known to charge fees for stuff) I doubt the owner is “rich” rather a young guy who was just able to buy one rather than afford one.
Again, I’m just assuming. Plus let’s be real, trucking industry hasn’t seen Ferrari affordability money in a while.

 

Unless you own a 1099 Chicagoland outfit!

 

Those companies are usually bottom feeders, they’re not making much off the load. Enough to scrape by.

 

Not from what’s been posted here on the forums. Most of the complaints here particularly involve 1099 outfits nickel and diming drivers for every little thing,from ELD service fees to tires that should’ve been replaced by the outfit.
Of those,about half of them are based around the Chicagoland area,with a few sprouting up in other parts of the country.
Part of it is some of drivers not doing any or enough research on the company,other is the fact that some of these companies are just downright dirty.

 

You could be right, their trucks (most of their trucks) look like they rarely get maintenance done.
A beat up old Volvo is the common truck out of that area.

 

I would be surprised if it was insured at all.
Parked around back to protect it from damage(so he thought)
Ain't one 1099 trucking outfit in Chicago I'd trust to do things legally let alone do right by a driver.

 

From the sound of how these 1099 companies operate, I'm surprised the car was actually owned by the company owner

 

Wow times have changed. Back when I started out guys would just chain trailers up in there backyard