Sneed Insurance
Thread Starter
Rennlist Member
Joined: Jan 2007
Posts: 339
Likes: 7
Sneed Insurance
Some of you may have noticed that this agency placed an ad in the latest Pano.(see page55).
Well, I called them today to get a quote on my Porsche and discovered that I would not be covered if my car were physically at a race track even if I was just spectating.
So,in other words if I were to take my car to the Rolex race at NJMP in May ,parked it and watched the race my car would not be covered.
I said to them,"you must be kidding",and they said "nope".
So without actually seeing it ,their exclusion section must read in part "at a race track" rather then "on a race track".
My closing comment to them was that they must not really be intested in insuring many Porsches. However,if you have no plans to ever attend any sort of event being held at a race track,perhaps this is the company for you.
I'm gonna pass.
Tom B.
Well, I called them today to get a quote on my Porsche and discovered that I would not be covered if my car were physically at a race track even if I was just spectating.
So,in other words if I were to take my car to the Rolex race at NJMP in May ,parked it and watched the race my car would not be covered.
I said to them,"you must be kidding",and they said "nope".
So without actually seeing it ,their exclusion section must read in part "at a race track" rather then "on a race track".
My closing comment to them was that they must not really be intested in insuring many Porsches. However,if you have no plans to ever attend any sort of event being held at a race track,perhaps this is the company for you.
I'm gonna pass.
Tom B.
Racer
Joined: Jul 2007
Posts: 481
Likes: 1
how about if you drive past one, That is the stupidest clause i have ever heard of. And the way thats written if i go see a horse race I wouldnt be covered either since thats a race track, or a kids go kart place since they race also.
Thanks for looking out Tom
Thanks for looking out Tom
Rennlist Member
Joined: Aug 2006
Posts: 242
Likes: 0
I looked at other "collector" and "exotic" car insurance today because of this thread, and they actually priced out higher with more restrictions than having two cars with a more traditional allstate/farmers type of company. geico is insanely cheap right now, my gt3 and honda pilot are only 2k a year and I'm 29 (clean record)
Trending Topics
Thread Starter
Rennlist Member
Joined: Jan 2007
Posts: 339
Likes: 7
I looked at other "collector" and "exotic" car insurance today because of this thread, and they actually priced out higher with more restrictions than having two cars with a more traditional allstate/farmers type of company. geico is insanely cheap right now, my gt3 and honda pilot are only 2k a year and I'm 29 (clean record)
Anybody here ever do" laps for charity" ?Guess what,your not covered.Even if its your family sedan and not your Porsche.
Bottom line is these companies want your premium dollar but are not necessarily willing to offer the coverge you need.Due diligence is the key.
Tom B.
Rennlist Stories
The Best Porsche Posts for Porsche Enthusiasts
Six Genius Porsche-Themed Gifts That'll Make Any Dad or Grad Smile
Joe Kucinski
10 Used Porsches Are Selling for Way Too Cheap
Joe Kucinski
Tuner Is Converting Porsche 911s Into Shooting Brakes
Verdad Gallardo
This Coachbuilt Creation Is A Modern Take on the Legendary Porsche 917
Verdad Gallardo
Is This Convertible Cayenne A Steal, Or A Returnless Investment?
Verdad Gallardo
10 Best Non-Flat Six Porsches You Can Buy For Under $100K
Joe Kucinski
Porsche's Top 5 Most Questionable Naming Decisions
Verdad Gallardo
Pogea Racing's 964 Porsche 911 Reimagination Stands Out in a Crowded Field
Verdad Gallardo
6 Convertible Top MYTHS Most People Don't Understand!
Michael S. Palmer
Instructor
Joined: Oct 2006
Posts: 117
Likes: 0
YOU GUYS PRICE SHOPPING FOR YOU HIGH DOLLAR CARS ARE CRAZY!! DONT BE FOOLED BY LOW PRICE PREMIUMS, WHAT ARE YOU GOING TO DO IF YOUR CAR GETS HIT AND GEICO, ALLSTATE ETC WANT TO PUT AFTERMARKET PARTS ON YOUR GT3?? YOU MAY BE PAYING THE DIFFERENCE FOR OEM IF YOU WANT THEM.
IM AN APPRAISER FOR TRAVELERS IN NY (WE WILL ONLY USE A/M LAMPS AND RADIATOR/COND) IF YOU CAR HAS MORE THAT 15KMI. THESE OTHER COMPANIES WILL USE AFTERMARKET BUMPERS, FENDERS, HOODS ETC WHATEVER IS AVAILABLE.
THE LAWS VARY GREATLY FROM STATE TO STATE, BUT IN NY WHEN YOU SIGN YOUR POLICY, YOU ARE ACCEPTING THESE TERMS.
READ YOUR POLICY AND ASK QUESTIONS SOONER RATHER THAN WHEN YOU NEED TO MAKE A CLAIM....
IM AN APPRAISER FOR TRAVELERS IN NY (WE WILL ONLY USE A/M LAMPS AND RADIATOR/COND) IF YOU CAR HAS MORE THAT 15KMI. THESE OTHER COMPANIES WILL USE AFTERMARKET BUMPERS, FENDERS, HOODS ETC WHATEVER IS AVAILABLE.
THE LAWS VARY GREATLY FROM STATE TO STATE, BUT IN NY WHEN YOU SIGN YOUR POLICY, YOU ARE ACCEPTING THESE TERMS.
READ YOUR POLICY AND ASK QUESTIONS SOONER RATHER THAN WHEN YOU NEED TO MAKE A CLAIM....
Rennlist Member
Joined: May 2007
Posts: 947
Likes: 2
F.Y.I.
I have my eighteen (18) Porsches insured with METLIFE through an independent agent.
This policy includes three (3) GT3rs as well as my '74 3.0rsr
ALL of the Porsches have a "stated value" clause which I determined price.
$7,800.oo per year for the complete collection.
I've been with MetLife for 4 years and They have been great.
Worth a call !!!
I have my eighteen (18) Porsches insured with METLIFE through an independent agent.
This policy includes three (3) GT3rs as well as my '74 3.0rsr
ALL of the Porsches have a "stated value" clause which I determined price.
$7,800.oo per year for the complete collection.
I've been with MetLife for 4 years and They have been great.
Worth a call !!!
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
Joined: Apr 2002
Posts: 44,102
Likes: 6,920
From: san francisco
if you street your car, get insurance from a big company.
if you track your car, either write it off in your head and bank account or get track insurance.
**** happens. it happened to me many many times.
if you track your car, either write it off in your head and bank account or get track insurance.
**** happens. it happened to me many many times.
Last edited by mooty; Apr 15, 2009 at 03:57 AM.
Race Car
Joined: Apr 2009
Posts: 4,190
Likes: 41
From: Bogota / Navarre Beach
I found Geico to be way overpriced. I went with USAA and they quoted me half of what I was paying Geico. They also accept receipts for any modifications you have done and re-emburse you on those too if you wreck.
