Insurance Problems

[Midwest Classic]

Originally Posted by olddog

As far as home built verses factory roller, I see both sides. Yes there are idiots among us, but they are not the majority. Cobra kits can vary widely, but most are well designed and mostly require getting the bolts propperly tightened. I really doubt there are many accidents due to poorly assembled kits. Equally I would bet there have been a few factory assembled cars with some mistakes. I doubt this is a huge factor one way or the other.

Unfortunately the data given is too small a group to be statistically useful. Only seven claims out who knows how many insured Cobras.

Approximately 10% of our book of business is from Cobra owners but yet we see more activity from them in claims, above $10,000, than the other 90% of all other clients we insure. There is an obvious problem and I am trying to get a grasp on how to fix it before another Cobra market so no thanks to the industry. Sure there will always be someone out there to write the cars if one carrier leaves but the more carriers that walk away from them the more the next carrier is going to consider to follow suit. Keep in mind Companies are in the business to write business not look for ways to avoid it.