Yet Another Insurance Question

[digginfool]

I don't know where the Comet thing came from either. Must be dust in the attic. It's all good. If a policy offered coverage, cool. Reality is I stand more of a chance crunching my BDR on the roads of South Florida than I do running around Homestead, PBIR or Sebring. You wouldn't believe the moves people pull around my Cobra. I find myself driving as defensively in my Cobra as I did when I drove street bikes. I guess because they're about the same size (at least compared to my daily driver).

[DAVID GAGNARD]

I am not aware of any insurance company that will offer any kind of insurance for any kind of track use, be it instructions or not.....
BTW: I work in the insurance industry,in claims....

Regardless of what any agent tells you,be sure to rear the policy top to bottom,front to back carefully!!!!!!!!!!!
Virtually all policies excempt any kind of ogrgnized racing and/or TIMED events,whether it be on a race track or public road or private property....Auto Cross would be a timed event....

I've seen some policies that even exclude any kind of "display of speed",regardless of where it is........

Nothing personal here, but Cobras are not a good risk for an insurance company to insure, that's why soo few insure them....Most are "assembled" by people with unkown skills,using unkown components, they don't have airbags/side impact protection/5mph front/rear bumpers/crumple zones and are short wheelbase,lightweight vehicles with overpowered engines,driven by owners with unkown driving skills.....looking at it from that perspective, would you insure these cars????

Basically when your on a race track,be it racing/open track days,or a driving school, your own your own.....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

[digginfool]

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.

[DAVID GAGNARD]

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.

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....

The question was, is there an insurance company willing to wager with me?

Short answer is NO..........

David

[digginfool]

I finally determined a solution. There is a company that offers very reasonable track day insurance. I went ahead and insured my BDR with Barrett Jackson for $405.00 per year and when I want to attend an HPDE event, I can purchase coverage for ~$350.00 per event. Here's the link:

HDPE Insurance

[twobjshelbys]

Originally Posted by digginfool

I finally determined a solution. There is a company that offers very reasonable track day insurance. I went ahead and insured my BDR with Barrett Jackson for $405.00 per year and when I want to attend an HPDE event, I can purchase coverage for ~$350.00 per event. Here's the link:

HDPE Insurance

Hmmm, sounds like exactly what I suggested (Barrett Jackson == Chartis). Sorry if the humor in the Fairlaine escaped you.

[digginfool]

Originally Posted by twobjshelbys

Hmmm, sounds like exactly what I suggested (Barrett Jackson == Chartis). Sorry if the humor in the Fairlaine escaped you.

Yeah, I guess I don't get it. Actually, I would be more willing to race my BDR than a Galaxy with a cammer in it. That's a rare bird.