kary993

Mark,

I looked into American Collectors some time ago and saw a different deductable than what you stated. In the fine print the deductable is 20% of the agreed upon value. That is not $600 for most 993's that I know of, have the agreed upon values changed that much for a 993?

When I computed it the premium was 1.5% of agreed upon value if if you got into an accident the deductable was 20% of the agreed upon value. In most 993 cases this is around $10,000.

Did I miss something with this insurance?

kary993

Oh, I forgot to mention that I had looked into regular auto insurance covering DE events and Farmers said they would. I specifically asked for the fine print and they sent me the text which excluded racing for contest or time as being excluded. Therefore they wrote me a letter saying that I could DE with their coverage. Of course their rates were double anything else. I asked what would happen if I made a claim as a result of a DE and I did not get an answer!

Allen

</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by kary993:
<strong>Oh, I forgot to mention that I had looked into regular auto insurance covering DE events and Farmers said they would. </strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">When you say "Farmers"...do you mean State Farm?

kary993

Allen,

No I mean Farmers Insurance group. Aren't they still in business?

amfp

</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by mo:
<strong>I found LW to have too many restrictions that my current carrier (Progressive)does not have. Not that this is a Progressive endorsement.

One other item that was important to me was the ability to get an additional insurance rider with LW that they could not provide. My suggestion, which you may already have done, is not only compare prices, but compare the total package of insurance you require.</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">

andrew911

Just signed up about 1 month ago. EXCELLENT! (1) I saved 50% vs. my regular insurance (here in NJ- US). (2) You state insured value of your car & payments calculated on that- not the kelly blue book wholesale value or whatever a standard insurance policy would cover the car for. I insured my car as a low mileage cab and what I consider to be the "true" market value vs. KBB wholesale, and I still saved about 50%!

andrew911

Sorry- I forgot to clarify- I don't use my car everyday. Its strictly a good weather weekend car. Restrictions with Layland include each driver in the house needed a car they use as primary car, and I belive I can drive the porsche 5,000 miles per year. There may have been a requirement for the car to be garaged as well- you'll have to check their website for more details... I believe the mileage restriction was 5,000 miles, and I think I could increase that if I wanted to (I only drive it about 2,000-3,000 miles a year anyway though). Great insurance company if your mad about paying so much for a car that is a second car!

Chuck A.

Hi Andrew911,

Do you mind telling me how much the insurance was? I got a quote and the savings was less than $250 (about 17%) once you took into consideration the loss of the multicar discount from my other insurace company.

Thanks

Flying Finn

So they require a primary car for each in the house. I assume this is for commuting to work? I commute with bicycle, I wonder if they'd still require me to have a car...

Mark in Baltimore

I just switched my insurance to State Farm today, largely because of their position on DE's. My agent spoke to a claims manager and then drafted a letter stating "per underwriting and claims, there is no exclusion written in the policy that excludes coverage for your vehicle if it is driven on a "race track"...This driving is not a race or timed event, but it is a driving course for your vehicle." <img border="0" alt="[thumbsup]" title="" src="graemlins/bigok.gif" />

From my understanding, your coverage may vary from state to state.

Thanks for the memories, Geico. <img border="0" alt="[burnout]" title="" src="graemlins/burnout.gif" />

Mark in Baltimore

</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by kary993:
<strong>I looked into American Collectors some time ago and saw a different deductable than what you stated. In the fine print the deductable is 20% of the agreed upon value. That is not $600 for most 993's that I know of, have the agreed upon values changed that much for a 993?

When I computed it the premium was 1.5% of agreed upon value if if you got into an accident the deductable was 20% of the agreed upon value. In most 993 cases this is around $10,000.

Did I miss something with this insurance?</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">No, Kary, you did not miss a thing here. You are 100% correct on this. My apologies to everyone for the misinformation. I'm not sure where I got the $500 deductible figure besides the body part that I sit on.

I spoke with Maura at American Collectors and the deductible is 20%. I have an old, lowly '95 model, so my deductible would be about $7,000. Ouch.

Jim Thomas

I just did a quick quote with Leland for my 996TT
and the company I use now, safeco, is about the same.

I don't use the car for any track stuff anyway.

I'd use a motorcycle for that and it's a $9,000 toy.

Once you have ridden a motorcycle on a race track it spoils you. Errors however have a high cost.