08-08-2007, 06:33 AM
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/phokaioglauk...Policy.PDF
You can read the form of the policy with my highlights of the more important bits here: http://members.rennlist.com/phokaioglauk...Policy.PDF
Chris
981 GT4
996 GT3 Cup
911 Carrera Sport Coupe
PCA Nationally Trained DE Instructor #200810247
Genesee Valley BMW CCA Instructor
981 GT4
996 GT3 Cup
911 Carrera Sport Coupe
PCA Nationally Trained DE Instructor #200810247
Genesee Valley BMW CCA Instructor