Insurance information straight from the source!

[klayfish]

Evan,
Thank you for finally reading my initial post. You seem to better understand where I'm coming from now. You are right, they are afraid of the home build, but they are also scared of the power/weight ratio. No, they aren't "car" people. Most underwriters aren't. So we need to educate them. Do I honestly believe that their fears of poorly built Cobras are real? Yes. Do I think they're right? NO, I don't. And that's part of why I propose this idea. They have said they are willing to listen and learn, and we need to educate them that these cars ARE built safely and are not a mechanical danger on the road. Hell, they're probably better build quality than the company car Jeep I drive every day. The responsible driving is probably a huge issue we need to show them too. And that is why this group will help. No, we can't (and shouldn't) completely police each other and make everyone sign a sworn affidavit that they will NEVER break the speed limit, but we need to strongly encourage things such as driver education and safe driving. This can only help, not hurt. If a responsible group of drivers get together, show their cars are well built and have a low claim rate, we'll be good risks.
The power to weight ratio does scare them, they openly said so. Yes, there are 240 hp minivans out there, and those motorcycles, but I never asked about motorcycles because I don't think we write them. Remember, our cars are 2200-2800 lbs with at least 225 hp, maybe up to 600+. Short wheelbase....can be scary.

The problem with the inspections you propose to have mandated by the insurance company is that we use independent agents, and probably have a few hundred scattered all over the country, so I don't know how all the inspections would get done by a company employee.




We need to do the inspections OURSELVES, for OURSELVES, with the list made by US. I truly doubt the insurance companies would "require" the list to be more restrictive. As far as I know, they don't "mandate" a safety inspection for any car they write. Groups such as the NSRA and others do it for themselves and to help prove to the insurance companies that they are good risks. But the insurance companies don't ask for it, and I would not believe they would require changes to be made to it. No insurance company to my knowledge has ever asked for the other classic cars they write ('Vettes, streed rods, hot rods, 1919 Model T) to have anything specific. Many of those cars don't even have the basics such as modern tires, seat belts of any kind, or even properly functioning headlights. But the insurance company has never required they make changes. I see no reason it will be different with Cobras. As long as we show the cars are not rolling road hazards, we should be fine. It is just something they use to help assess the risk. I hope this well help ease everyone's concerns.

As I've said before, I truly believe this can only lead to good things.

Steve