Insurance Problems

[CobraDan]

The insurance companies think that a turn key minus car is almost like an assembled car at one of the many major car companies coming off the line as all they do is build Cobras. I know that certain insurance companies will not insure FFR cars as they are home built as are many other Cobra brands. I don’t want to get into trouble here as I built my own Cobra and way before you could get on line and ask how to do something that was unclear in the directions. I have seen many cobras built by their owners that surpass any coming off the assembly lines but from some of the questions asked on the forums many should be only building 1/18 scale models, and for this reason I can see insurance companies grouping all home builds into the uninsurable columns. This is only one of many, many threads started on insurance companies dropping the Cobra because of recent large claims from customers. Many new owners tried insurance companies they knew issued insurance for Cobras but were now told that they no longer did. I had a long list of former insurance companies that did at one time insure Cobras but no longer do, this was on my old computer and long gone. There are still many companies that insure the Cobra but the list is getting smaller. As far as going to a driving school, if all had to go before being issued insurance it would be more than likely like the course I went through to be able to carry a concealed weapon. First I will say I have shot many thousands of rounds of ammo over the years and very accurately before taking the test, but in the actual test we were taken to an inside shooting range handed a revolver and told to put one round into a target 5 feet away. With my Cobra insurer now, I was told that many new owners have problems because they don’t realize how a car with so much HP will handle. I was asked if I had any experience and I told them that I had drag raced for many years and they felt that qualified, well at least I was issued a policy. I’m sure we have a very high percentage of Cobra owners who will never file a claim but you don’t need many high dollar claims from a very small group of drivers to have the insurance companies drop us. I have lived in Florida for the past 10 years and the home owner insurance companies have paid out big beginning in 2004 and 2005 because of large storm damage claims. Now they are dropping home owners one by one and leaving the state because of immense losses. They all like the checks coming in but they don’t like mailing them out.