Insurance Problems

[tcrist]

Let's look at it this way. If you start a buissness, the idea is to make money. If you start a buisness with the intention to lose money you are about 5 cans short of a six pack. If you start a buisness that is diversified, I.E. a grocery store selling different types of goods, a party store with different types of products or an insurance company (different types of cars) and one of your products is not selling or it is costing you money, you are going to quit selling that product. With insurance companys, they will quit selling insurance for that type of car. Again, what Robbin was trying to say is that we need to control ourselves with our cars. This instance is with Cobras. If you go to other high performance auto forums you will run across the same issues. Personally I thank Robbin for bringing this to our attention. It does not take too many accidents with high doller autos to cause the insurance companys concern. I think a safe drivers course is a good idea. Although my Cobra has a lot less HP than a lot of others (350HP) it is quite enough for a car that is light weight. I don't think that insurance companys will lower the rates of people that take safe driver courses but if people take the courses then maybe their rates will not go up as much as people that do not take a safe driver course. We all have to control ourselves. We also do not need to make claims that are bogus. If we are at a track an lose control of our cars and wreck them, bite the bullet and fix it yourself. You are the one that screwed up, not the insurance company.

JMHO

Terry

[WarrenG]

Robbin,
I wasn't looking for a discount off my present rate for going to driving school, just the privilege of keeping the already low rate that I have now. Charge the drivers who haven't been to a high performance driving school (drivers who can show 1 (2?) or more years of claim free high performance driving should also get the low rates) a premium to encourage them to learn how to handle their cars.

BTW-For those who don't want to use their own cobras for training, there are several classes around the country that use FFR spec cars which should be a good substitute.

trs900-Maybe you don't have deer down there, but I wouldn't want to hit one of your aligators either!

[JBo]

I'm not trying hijack the thread but, i'm ready to renew my insurance and have a request,,,refeerrals to companies who will do the following:
1. Agreed value
2. Milage limits of 3-5000 per year
3. No "show only restrictions", i'd like to run an errand, take to work once in a blue moon
4. the other normal perameters
I appreciate the help,
Jbo

[STL Mark]

Call the starter of this thread - Robbin at Midwest Classic Insurance. His rates are excellent, and he should be able to write the policy you seek. He's a good guy.

[TXBLU]

Originally Posted by JBo

I'm not trying hijack the thread but, i'm ready to renew my insurance and have a request,,,refeerrals to companies who will do the following:
1. Agreed value
2. Milage limits of 3-5000 per year
3. No "show only restrictions", i'd like to run an errand, take to work once in a blue moon
4. the other normal perameters
I appreciate the help,
Jbo

That sounds pretty reasonable to me...

[five pt oh]

seems like having higher deductibles for people in their first 2yrs of ownership would help. If you gave them a $10k deductible on at-fault accidents in the first year, and then maybe a $5k deductible in year two, then you'd probably solve most of your issues.

It wouldn't have to apply to theft and not-at-fault accidents, but it would cut your cost on the "problem drivers" without having to pass all the costs on to your responsible clients (by raising rates across the board).

just my $0.02

[Midwest Classic]

Originally Posted by JBo

I'm not trying hijack the thread but, i'm ready to renew my insurance and have a request,,,refeerrals to companies who will do the following:
1. Agreed value
2. Milage limits of 3-5000 per year
3. No "show only restrictions", i'd like to run an errand, take to work once in a blue moon
4. the other normal perameters
I appreciate the help,
Jbo

The biggest problem you are going to find is driving to and from work. We use to allow people to "occasionally" drive them to work and it seemd that meant 2 out of 5 days to some. It is hard to define occasional in a legal document so it was easier to say no driving to and from work. As far as errands I kind of look at it as if you took your car to run an errand and you had other vehicles at home you could have taken okay, but if it was the only car there because all others were gone then it is a substitue and that could be a problem. I know same errand either way but go back to the occasional to and work problem.

Robbin