Ok so recently we wrote an post about Ferrari and Ford having a set too over a new. So when we got wind of some more litigation in the USA involving the Ferrari name we jumped at the chance to cover it. So heres the story, recently a Ferrari F50 that was impounded by the FBI was written off whilst on a test run.

The story broke by the Detroit news really began back in the 2000′s when it emerged that the automobile had been stolen from a vehicle showroom. The dealership obviously devastated at their loss claimed on their insurance cover to recover their loss.

Five years on the Ferrari was revered by the FBI, they held onto the top of the range automobile as it was to be used as evidence in an upcoming trial against the perpetrators. Whilst the auto was being moved before the trial an eager FBI agent decided to take the sports automobile for a spin. Regrettably he was not prepared for the power of the automobile and quickly lost control running the motor off the road.

Of course to make matters worse it was completely written off, by law the car whilst being held by the police was not in fact their property. The insurance corporation was clearly not extremely happy as they could have recovered the income they paid out on the claim by selling the automobile. So of course the insurance business filed a claim against the police for the full cost of the insurance.

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This was initially rejected by the US courts as it was deemed that property held by the FBI should not be covered by the very same possession laws as the rest of the population. The insurance company right away and understandably appealed and created a request for details of the crash under the freedom of information act (which was denied). So they have again filed a claim against the FBI and the case continues.

Ferrari Motor Sports