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Who Has Liability - Coins Are Stolen At Coin Show At Major Hotel

 
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Author Previous TopicReplies: 11 / Views: 426Next Topic  
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 Posted 11/14/2021  5:26 pm Show Profile   Bookmark this topic Add mdpmedia to your friends list Get a Link to this Message
Let's say you discover that someone who looked through your coins had sticky fingers. After the show ended you noticed you had lost several $1000s.

Even though there was a roaming policeman inside of the show the thief still got away without being caught.

Upon entering the coin show it was not a requirement for visitors to sign any release of liability legal document.

Also let's assume that the hotel who leased/rented the banquet room to hold at least 200 people was one of the bigger national chains located in 50 states.

A police report was filed.

Would the hotel chain have any liability and would it or not be similar to a hotel guest getting their coins and jewelry stolen from their hotel room?

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 Posted 11/14/2021  5:37 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Sorry to hear, shows like these usually attract unwanted visitors.

I don't know what type of insurance is covered in displaying at shows like this, perhaps its best to find out what type of coverage the hotel offered. A lot of legal papers would be needed to file and time spend in finding/obtaining these paper work.

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 Posted 11/14/2021  5:54 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Good luck with any civil liability on that one !
Also if you have coin insurance , they won't cover you either .
Their out , you didn't exercise due diligence .
BTW , we have been B&E d thrice , robbed , and shop lifted .
Part of the business unfortunately!!
Edited by Pacificoin
11/14/2021 6:01 pm
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Australia
1160 Posts
 Posted 11/14/2021  6:44 pm  Show Profile   Check ryurazu's eBay Listings Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
sad to here especial if no camera footage or clear identifiers on the coins.
Obviously its suppose to be whoever has custodianship, if custodianship is unclear then it falls to the owner to keep them safe. In terms of a safe at bank then its the bank that has to repay liabilities (but they make you sign away this right in american, hiding it in the fine print). In the case of hotel its assumed that it the hotels responsibility and as long as you can prove and provide evidence of the items belonging to you.
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 Posted 11/14/2021  7:02 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Unlike regular bank deposits, the contents of safety deposit boxes aren't insured by financial institutions, so owners need to insure valuables themselves as part of home insurance policies and to regularly document what's inside with photos and witnesses.
Are the contents of a safe deposit box insured?
A safe deposit box is not a deposit account. It is storage space provided by the bank, so the contents, including cash, checks or other valuables, are not insured by FDIC deposit insurance if damaged or stolen.
These are the rules in both Canada and the US .
Edited by Pacificoin
11/14/2021 7:03 pm
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 Posted 11/14/2021  7:14 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Someone stole coins from a table while the owner was there? Hard to imagine. Or was the owner away and asked someone else to keep an eye on it?
Maybe next time bring a WiFi camera, hang it up and let it monitor the table while transmitting the data to a laptop in your room.
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 Posted 11/14/2021  7:16 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
And this ..
Exhibitors' property shall be placed on display at their own risk and Management assumes no liability for loss of damage thereto. The Exhibitor shall assume all responsibility for loss or damage to his or her property due to theft, fire, flood or any other cause beyond the control of Management.
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 Posted 11/14/2021  7:31 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I don't know what things are like in America, but here in Australia, any such event is required by law to have insurance arranged prior to the event. So if a claim is made, it would ultimately be up the various insurance companies involved to argue about which one of them should pay out. To my mind, the show organizer, whoever that was, is the place where the buck stops in these matters. They arranged for the venue, the security, etc. and ought to have adequate insurance to cover a claim. Dealers attending the show would know in advance what these arrangements would be, and would be able to plan accordingly.

The hotel would not be liable as it is "only the venue", unless the hotel is also providing additional resources (for example, if the hotel insisted on using their own security team as a precondition of allowing the show to take place).
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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United States
355 Posts
 Posted 11/14/2021  7:36 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
The dealer should have some sort of insurance for that.

If there is none then it falls on the dealer.

The Hotel isn't liable by any means.
Edited by NumismaticsFTW
11/14/2021 7:42 pm
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 Posted 11/14/2021  8:19 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Seller only noticed missing notes AFTER the show ended?.

Find another job, and not as a security guard.

No liability for the hotel, clearly.

Edited by Coinfrog
11/14/2021 8:37 pm
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 Posted 11/16/2021  8:14 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
The dealer signed some kind of agreement with the show promoter to rent the table. Almost certainly that contract denies any liability.

The promotor signed a contract with the hotel to rent the space and almost certainly that contract denies any liability.

You have no contractual relationship with the hotel.

Any claim needs to be made against your personal or corporate insurance.
-----Burton
47 year / Life ANA member (joined 12/1/1973)
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United States
17611 Posts
 Posted 11/17/2021  08:19 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I'd say BStrauss nailed it.
Gary Schmidt
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