Quote:
Originally Posted by DAVID GAGNARD
I'd suggest if you can't afford to lose your investment in your car, you may want to think about it before getting on a track with it......
David
|
First of all, purchasing anything other than the real deal is not an investment. Secondly, if you're in the insurance business then you know why people insure items of value. I choose to live in a hurricane zone and pay insurance premiums accordingly for everything I insure. If I choose to take my car on a track and somebody offers a policy, just like the risk I take in the location I live, I expect to pay appropriate premiums so in case of loss, it's not totally out of pocket. In no way does that indicate my ability to afford to crash my Cobra. I can afford to pay for a new house if a hurricane blows it down but I insure it anyways. Same with my cars. Insurance is a calculated gamble and if the premiums are acceptable, I'm willing to take the gamble. The question was, is there an insurance company willing to wager with me? It wasn't about whether or not I can afford to take my car on a track.