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Originally Posted by digginfool
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.
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The question was, is there an insurance company willing to wager with me? It wasn't about whether or
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not I can afford to take my car on a track. |
No disrespect was meant, and if I offended you with the statement, I apologize.....
The point is/was, I know of/have worked some claims where expensive cars (Ford GT/Roush Mustang to name a few) were totalled while "on track" and informing the owner he had no coverage while on track was quite a shock as they assumed either their coverage or the track insurance would cover them while on track....That's why I said read the policy carefully, they are changing and exclusions are being added all the time....
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The question was, is there an insurance company willing to wager with me?
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Short answer is NO..........
David