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+--- Thread: DE Insurance is available! (/showthread.php?tid=377)
- Tony356993 - 05-05-2007
Pat,
I got mine yesterday. They cashed my check 3/3/07.
- STEVEMCMORN - 08-07-2007
Just got confirmation that in at Pocono so was looking through forum for info on track insurance & found this post
so......
who would you recomend for a newbie
is it possible to get insurance for 3 days only (ie. my 1 event at Pocono)
if yes, assume premiums are higher for short time -- is it worth it?????
All thoughts and advice needed and welcome
- Tony356993 - 08-07-2007
Steve,
Insurance for anything is a personal decision but I would not track a car I could not afford to wreck without track insurance. If you have a newer 911 I would highly recommend track insurance. It's cheaper then a divorce attorney.
- LouZ - 08-07-2007
I don't know of anyone offering insurance for one event. I have Proserve - Chris Maume, but another agent "Snellings Walters" also offers the same coverage from the insurer.
It is a 1 year policy, with unlimited DE days. Price is 3% ofcar value + $10 + GA. tax, and there is a deductable based on the value of the car.
As Tony stated, can you afford to write off the car?
- JIMK - 08-08-2007
LouZ wrote:
Quote:I don't know of anyone offering insurance for one event. I have Proserve - Chris Maume, but another agent "Snellings Walters" also offers the same coverage from the insurer.Who established value of the car?
It is a 1 year policy, with unlimited DE days. Price is 3% ofcar value + $10 + GA. tax, and there is a deductable based on the value of the car.
As Tony stated, can you afford to write off the car?
How does this work regarding liability?
- Tony356993 - 08-08-2007
Quote:Who established value of the car?I do not have my policy in front of me but the value of the car is set by data that the insurance company has for each car. In my case for the 993 I had to send pictures and invoices of the modifications on the car and I got the value I requested after submitting my pitcures.
How does this work regarding liability?
Read the policy closely. It will not cover timed event or events on an oval (not roval) track. The coverage is for DE only and not club racing. It will cover an incident that occurs on the track.
The car is also covered while on the track property for vandalism or accidents in the pits since most street insurance will no longer cover any claim within a racing facility grounds.
- Phokaioglaukos - 08-08-2007
Tony is right, it's an actual cash value policy, just like your street policy, so it pays the lesser of market value or repair cost. It also does not cover racing--it must be a DE-like event (that definition is a bit loose) with corner workers.
You can read the form of the policy with my highlights of the more important bits here: http://members.rennlist.com/phokaioglaukos/Highlighted%20Snelling%20Walters%20DE%20Insurance%20Policy.PDF
- LouZ - 08-08-2007
JIMK wrote:
Quote:Who established value of the car?Jim
As of July 1, the minimum policy (regardless if the car value is under $25,000) will cost $750 + $10 + tax = $790.40
- STEVEMCMORN - 08-09-2007
LouZ wrote:
Quote:As Tony stated, can you afford to write off the car?No way can afford to write off the car as 2005 997 - will rinf around this weekend to see if can find any short-term policies. If not, I might be coming in the wife's subaru!
- LouZ - 08-10-2007
There has just been some new developments regarding DE Insurance.
See below:
http://forums.rennlist.com/rennforums/showthread.php?t=370491