The Plot Thickens: 2009 Bugatti Veyron Crash in Texas May Have Been Insurance Fraud

Several years ago, Internet commenters laughed and Bugatti purists shed a collective tear when a man in Texas drove his Veyron supercar into two feet of water. While the loss of a 1001-hp Bugatti Veyron -- only 300 of them were ever made -- was sad enough, the story behind the crash has spurred a lawsuit. Philadelphia Indemnity Insurance Company, which originally paid $2 million to the Veyron’s owner after the crash, now claims the Bugatti’s watery demise was intentional.

According to court documents, the Veyron was purchased by Texas resident Andy House using a $1 million loan from Lloyd Gillespie. Both men were listed as loss payees on the car’s insurance policy, and within a few weeks of House purchasing the car, it met its watery demise -- and subsequently, the insurance company paid $2 million to House and Gillespie.

At the time of the accident, House reportedly said he was distracted by fumbling for his cell phone, and then swerved to avoid a pelican on the roadway, leading to the Bugatti ending up in a lagoon. Philadelphia Indemnity claims the crash was a deliberate act in order to claim the insurance money. Moreover, the company says the insurance policy was invalid because, although listed as a collector car, House had been using the Veyron to commute to work and run errands, racking up over 1200 miles in a month.

Adding yet more intrigue to the story, the court documents also claim that House tried to hire someone to “steal” his Bugatti Veyron and burn it, again so that House could collect the insurance payout. The case is now going to trial in Texas district court.

Source: Courthouse News Service

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