Info needed about PST Insurance for my track car
01-30-2008, 10:33 AM
#19
Rennlist Member
$250/yr is the standard for any reasonable agreed value, probably up to $35K or so. I've got it for my S2, makes a lot of sense if you have the car shipped long distances to races. Also provides that level of comfort should something happen in the paddock, storage, or transport. Cheap, sensible insurance.
01-30-2008, 11:07 AM
#20
Drifting
Thread Starter
The coverage Heacock is offerering is exactly what I was looking for. I bought and developed the S2 with the idea that I could walk away from it without getting divorced if I balled it up. I just didn't want to worry about it if I had an accident towing it to the track or it got stolen in the paddock or out of my garage (Remember Christian's thread about his trailer being stolen out of his garage?).
Anyway, I have the car insured for $20,000 and with a $250 deductable the cost is $250 annually. I believe that is their minimum premium.
There was never any questions about how I justified what the car is worth. I think to them it's just a numbers game and I could have insurred it for $1 million if I wanted to pay the premium. Of course, if it was stolen there might be some questions asked but i have receipts for more than the insured value so I'm not worried.
01-30-2008, 11:14 AM
#21
Drifting
Thread Starter
I know you're in the business and for the life of me (and my agent) we can't figure it out. I've known my agent for 20+ years and have always been forthwright with him.
I had the 944 insured with them for just what the STP coverage includes and it was excluded from coverage on the road.
My agent got hold of somebody further up the corporate food chain last night and after reviewing my records with them agreed that the underwriter made a mistake but they will not insure the track car. I told him that was OK as I already got the ball rolling with Heacock.
I think it was just the case of some underling not fully understanding the situation and just throwing out the baby with the bathwater so to speak.
01-30-2008, 11:17 AM
#22
Np, glad I could help. They have taken care of me for years. Jennifer has been great!
03-06-2008, 01:26 PM
#24
Addict
Rennlist Member
Rennlist Member
"search is your friend" Found this thread with a search - thanks guys.
I was talking to my normal agent yesterday to set an agreed value to my car (I had been paying for simple theft/fire/etc. but no collision). In that discussion it was determined that they would be unlikely to pay any claim for my car. I searched, talked to Jackie at Heacock and now have what I wanted - PST insurance for $100k at a cost of $1k per year ($1k deductable).
I was talking to my normal agent yesterday to set an agreed value to my car (I had been paying for simple theft/fire/etc. but no collision). In that discussion it was determined that they would be unlikely to pay any claim for my car. I searched, talked to Jackie at Heacock and now have what I wanted - PST insurance for $100k at a cost of $1k per year ($1k deductable).
03-06-2008, 06:43 PM
#25
Drifting
Thread Starter
"search is your friend" Found this thread with a search - thanks guys.
I was talking to my normal agent yesterday to set an agreed value to my car (I had been paying for simple theft/fire/etc. but no collision). In that discussion it was determined that they would be unlikely to pay any claim for my car. I searched, talked to Jackie at Heacock and now have what I wanted - PST insurance for $100k at a cost of $1k per year ($1k deductable).
I was talking to my normal agent yesterday to set an agreed value to my car (I had been paying for simple theft/fire/etc. but no collision). In that discussion it was determined that they would be unlikely to pay any claim for my car. I searched, talked to Jackie at Heacock and now have what I wanted - PST insurance for $100k at a cost of $1k per year ($1k deductable).
I sleep much better at night now.
