Euro Delivery and Sinking Ships

I'm doing my ED in January. However, this recent Ship sinking in England has all of a sudden put a few questions into the air. Mainly, they are about insurance.

I'm doing my financing not through BMW (Got a MUCH better rate), so my financier needs to have certain questions answered. One of which is maritime insurance. From the conversations that I've had with the dealer I was told that I would be named as the loss payee and that the maritime company would provide the insurance.

However, what I didn't ask him is HOW MUCH the car is covered for. Apparently, all the other Bimmers on the boat are covered for the BMW factory price, not dealer price. (why insure something for $10 when it only costs you $8 and 99.9% of the time you will never have a loss) My car would need to be covered for my purchase price. Does BMW make sure that the insurance they write for my car will cover me in case the car is lost?

Sorry for the long post.

My car was on the boat. Will post how BMW handles this.

http://bimmer.roadfly.org/bmw/forums...1503050&page=1

This is the Euro Delivery Nightmare. Let us know what happens. Sorry about your loss

Should they pay you for your lost not just retail price of the car? (Leasing, Renting)
Even if they give you ED price on another car there is a list 8 weeks waiting.
I am doing ED in March (work in progress) if that was me I seek some legal advice.
Hey!!!!! If people get money for emotional distress that this is perfect example.