View Single Post
  #4 (permalink)  
Old 02-04-2016, 07:43 AM
Winchester67's Avatar
Winchester67 Winchester67 is offline
CC Member
Visit my Photo Gallery

 
Join Date: Jun 2015
Cobra Make, Engine: Backdraft #91 with 345 HP 302
Posts: 181
Not Ranked     
Default

That rumor makes sense, with all the kits out there. Problem is the guy that drives a Kirkham is a lot different than the guy that builds a Factory Five, yet the bean counters at the insurance company lump all Cobra Kit Cars together. So a few claims can affect the cost symbol assigned to a car. (the cost symbol is based on the value of the car when a new model is introduced...20,000 car, cost symbol is 20. But if it is expensive to fix or a bunch of kids like the car and drive the losses up, the cost symbol jumps. So a $20,000 car with bad loss experience might have a cost symbol of 50, which hikes the rates) At least that was the way it was 20 years ago when I was in insurance before I got an honest job in the gun industry.
Reply With Quote