UPDATE: Insurance company won't pay for VertiGo failure

Posted | Contributed by Jeff

(Originally posted 2/12/03 9:11:28 AM) A Minnesota insurance company is refusing to pay Cedar Fair LP nearly $7.2 million in property damage claims for two torn-down VertiGo slingshot rides at Cedar Point and Knott's Berry Farm. The company says that because the rides could be repaired, following the collapse of one at Cedar Point, they were ineligible for compensation.

UPDATE: Brian Witherow, Director of Investor Relations for Cedar Fair, told CoasterBuzz this morning that, "We believe this court filing was made in error and will be withdrawn. We are currently in settlement discussions, which are proceeding in a satisfactory manner, and we expect this matter to be resolved shortly."

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I appreciate your answers very much! I agree with CP that Dragster should be built like it is and I have no problem with that at all. I know I would do the same in their shoes and I know coasters aren't all about loads of airtime anyways. Even if it's a really short ride in duration and length, I think people will walk away from it in amazement like a major thrill or drop ride. I always find that the excitement up to getting on the ride is just about as fun as the ride itself.

-Danny

I appreciate all this info and such, and am finding it very enlightening. But I'm still confused about the winterization procedures. It seems that CP very staunchly claims that they winterized it properly, and S&S says they were told differently.....isn't there something in WRITING that would resolve that issue once and for all. For a park sitting on Lake Erie, for crying out loud, it seems that *winterizing* would be a pretty important aspect of the "care and feeding of a VertiGo". I mean, antifreeze for your car isn't unheard of....;)

Who from S&S said that though? I keep hearing that they said that, but the comment isn't attributed to anyone. I can tell you that the comment about them doing it per the manufacturer's instructions came from the park (I forget who exactly... I have it in an e-mail somewhere I'm sure).

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

Well, working with a State office, I'll tell you MY take on the whole "he said, she said" argument....if it ain't in WRITING, it didn't happen. That's why I want someone to come up with *documentation* that shows exactly what procedures CP was to follow...after that critical step, THEN discussion can move forward.

...I'm not saying that CP did or did not follow what they were told, how the H*** would I know what was said in a conversation I had no part in (BTW, the *I* here refers to any judge or arbitrator handling the case as well). But what was SAID is pretty much meaningless unless someone produces a microcassette....it's the WRITTEN instructions to CP that will decide the responsibility vis-a-vis S&S and CP...the insurance companies will weasel out of any financial obligations they may have anyway...IMO, YMMV, etc.

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