Why would I want to sell a dashcam video?

[jfsoto1988]

A few days ago I witness a traffic collision at a street intersection. There were many witnesses but I may have been the only one with a dashcam. I couldn't stay in the accident scene but I uploaded it to Youtube as soon I got home. Hopefully the parties involved were able to use it.

Today I received a comment from EyeFootage:
Hi jfs1988, can we use your video for an insurance claim and compensate you if we can sell it for you?



Few questions here:
Arent the parties involved the only ones that can file an insurance claim? I'm pretty sure EyeFootage isn't an attorney either.

What do they mean compensate if they can sell it for me? I know what compensate means, but why would they want to sell it for me? and to whom?

Anyone actually done this?

 

[Ukraine Visitor]

Since you are convinced EyeFootage ain't an attorney, then why waste your precious time? I say, fuhgeddaboudit !!

 

[DT MI]

From their website (www.eyefootage.com):

Eyefootage is the leading source of dash cam footage for auto accidents. To serve our clients, we match curated auto accident dash cam footage to auto accident claims. We compensates people looking to offer their help to others with footage of the accident that they captured with their dash cam.

This sounds good on the surface but the devil is in the details.

Submitter/You ("Licensor") grant Eyefootage ("Licensee") an exclusive license...

Translated that means you can't use it for any other purpose (including giving it away) because you give them exclusive use.

In the real world business model they gain control of video evidence of accidents and try to sell it to people trying to prove fault and recover damages. If they are successful (in selling the video) you supposedly get some portion of the proceeds - assuming they're honest enough to inform you. You get no money up front.

IMO they are 'bottom feeders' trying to make money from the misfortune of others using your video footage as a product.

From their website the business address is -

#1102
3501 Black Horse Pike STE 530
Turnersville, NJ 08012

Google Maps

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www.google.com

 

[kamkar]

Yeah.
This kind of thing are fortunatly not a thing in the thing i am a citizen in, i feel like ambulance chaser.

Remind me i need to restock my cards in the car as i have thrown the old ones out ( just a piece of paper with my e-mail address on it so i can "share" in a situation like this )

I would not care to share in any way at the scene of a accident unless someone had a laptop and a card reader, so anyone will just have to wait until i get home.
Last accident i filmed that was also just fine with the cops, and when they saw my footage at the station a hour or two later they was over the top, CUZ the on foot runner driver the police knew very well.
So they eas like " heyyyy thats Abdul, we can go and pick him up later " and they probably would / should as he was probably DUI like so many other potheads are here,,,,, indcluding myself back when i was a pothead.

 

[OldEastSider]

Is this the video? Red light runner.

 

[jfsoto1988]

Yep.

 

[dash riposki]

From their website (www.eyefootage.com):

Eyefootage is the leading source of dash cam footage for auto accidents. To serve our clients, we match curated auto accident dash cam footage to auto accident claims. We compensates people looking to offer their help to others with footage of the accident that they captured with their dash cam.

This sounds good on the surface but the devil is in the details.

Submitter/You ("Licensor") grant Eyefootage ("Licensee") an exclusive license...

Translated that means you can't use it for any other purpose (including giving it away) because you give them exclusive use.

In the real world business model they gain control of video evidence of accidents and try to sell it to people trying to prove fault and recover damages. If they are successful (in selling the video) you supposedly get some portion of the proceeds - assuming they're honest enough to inform you. You get no money up front.

IMO they are 'bottom feeders' trying to make money from the misfortune of others using your video footage as a product.

From their website the business address is -

#1102
3501 Black Horse Pike STE 530
Turnersville, NJ 08012

Google Maps

Find local businesses, view maps and get driving directions in Google Maps.

www.google.com

The address apoears to be a. Shopping center. Possibly ups store or other commercial mailbox provider.

 

[DT MI]

The address apoears to be a. Shopping center. Possibly ups store or other commercial mailbox provider.

Yep. Would you trust a company to send you money on an 'honor system' basis when they won't even let you know their physical location?

 

[Eyefootage]

Hello everyone,

I just found this thread and I would like to introduce myself and answer any questions that anyone may have about Eyefootage!

First and foremost, my name is Abdul and I am the CEO and co-founder. We are as small startup so please forgive the mailing address. We need a physical address for tax purposes, and you never mix your business and personal address together (first business tip for anyone starting a business).

I come from in insurance background and am trying to solve problem that I personally had as an insurance adjuster myself, which was trying to find accident footage. I always wished there was an easier way to try and track down accident footage, so we are trying to validate our own problem/idea.

I guess that you can consider us an accident aggregator and we pay our users who submit accident footage that they witness/recorded. We compensate the user who submitted the video once an insurance carrier wants/requests it. We are transparent and pay the contributor if they want to be paid or they can donate their compensation to a charity of their choice.

Imagine being the victim of an accident and someone had the video that could help your insurance company get your money/deductible back? That is what we are trying to help people with.

We want to bring something of value to everyone and are not trying to hide or mislead anyone.

We are still figuring things out so please be patient with us. Feel free to ask any questions that you may have, and I will do my best to answer them for you.

 

[Mark65]

Hi, you spent time and money installing your cameras, the party that had the accident may not have, I see no problem selling your footage for a fair price to them for a small fee that might stop them from a large cost with insurers and solicitors.