06-04-2009, 01:31 PM
I have operated and owned fleets of vehicles for several decades now. This experience has taught me alot about vehicle insurance. Physical damage is actually the least of your worries. All policies have market or agreed cash value clauses and that limits the insurance carriers exposure to repair or replace the vehicle. When I started DE last year I was really concerned about liability. Why? Well, both the track and the club makes you sign a waiver. There's a good reason for that. This provides them with protection from any law suits.
How receptive would Instructors be to signing the same waiver for the driver student, a total stranger, who is about to drive them at a high speed, in an old car with no air bags, and a standard seat belt. To our Instructors, I don't know how you do it. You have nerves of steel.
Let's be honest. Those of us in this club are not on the first rung of the economic ladder. We all have assets that we would like to keep. Should the unthinkable happen, and a serious injury or death occur who is going to be sued? Not the track, not the club, but those individuals involved.
Law suits are about money and not some noble cause. You don't go fishing for small fish. If an attorney is presented a case involving a PORSCHE, he is going to assume that its owner is worth a few hours of paralegal time to file some papers and get a look at your assets. Those in the YUGO club probably would not garner the same interest. Just the cost of defending yourself could deplete the kid's college fund.
I have asked several members about this issue. One said that we have a gentleman's agreement not to sue each other. Honestly, if a was killed through a neglient act or omission, I don't know how much of a gentleman my wife would be.
I'm not an attorney or insurance agent. I only write this to share my thoughts and encourage others to look past repairing their car to the bigger issue of protecting what you have worked for all your life.
Wow that was deep, who wants pie?
Mike
How receptive would Instructors be to signing the same waiver for the driver student, a total stranger, who is about to drive them at a high speed, in an old car with no air bags, and a standard seat belt. To our Instructors, I don't know how you do it. You have nerves of steel.
Let's be honest. Those of us in this club are not on the first rung of the economic ladder. We all have assets that we would like to keep. Should the unthinkable happen, and a serious injury or death occur who is going to be sued? Not the track, not the club, but those individuals involved.
Law suits are about money and not some noble cause. You don't go fishing for small fish. If an attorney is presented a case involving a PORSCHE, he is going to assume that its owner is worth a few hours of paralegal time to file some papers and get a look at your assets. Those in the YUGO club probably would not garner the same interest. Just the cost of defending yourself could deplete the kid's college fund.
I have asked several members about this issue. One said that we have a gentleman's agreement not to sue each other. Honestly, if a was killed through a neglient act or omission, I don't know how much of a gentleman my wife would be.
I'm not an attorney or insurance agent. I only write this to share my thoughts and encourage others to look past repairing their car to the bigger issue of protecting what you have worked for all your life.
Wow that was deep, who wants pie?
Mike
Mike Kling
PCA National Instructor #201305138
2012 RTR High Speed Driver Award
2008 RTR Broken Crankshaft Award
2016 Cayman GT-4
1995 968
1995 993
1994 968
PCA National Instructor #201305138
2012 RTR High Speed Driver Award
2008 RTR Broken Crankshaft Award
2016 Cayman GT-4
1995 968
1995 993
1994 968