Any Rennlisters from New Zealand?
I enjoyed it from Auckland. I am not 100% sure if my head gasket is blown or not so I didn't go. However I know it was very wet and the Peugeot's did very well in the first race. Ray Williams won the reverse grid for fast guys. Looks like Michelins are the wet weather tyre of choice and the Dunlops for the dry.
Enjoyed the rennlist catch up though.
Paul - so glad to see you reunited and on the road in a 911 again.
Macca - there's more than one good book in you I reckon.
Drifting
At risk of covering old ground I've been looking to qualify for insurance thru Prestigio. The have told me I need Lvl 1&2 BMW try or a full day with downforce. The won't accept going out on the 28th with Ray or someone else in order to qualify and insist on a full cse. Problem is there don't appear to be any more downforce days thru continentals (except those at Taupo fully booked) and the next ones are next summer. The BMW way is an option but it appears the request are both cses now and I kinda want to learn to drive my car better not a BMer.
Are there any others out there with this problem or any thoughts on a solution or advice?
Are there any others out there with this problem or any thoughts on a solution or advice?
Rennlist Member
For those insuring older cars, there's also the Swann option; from everything I've heard/read they're cheaper, and have much lighter requirements for cover on track days (and give cover for a wider range of events). I know Craig P uses them, and I'm sure some other RSG members do also. If I remember rightly, there's room to arrange a policy that suits you (ie more km's per year), either by going directly or through a broker. https://www.swanninsurance.co.nz
I've insured with Swann. Half the cost (less than $500) there policy wording seems reasonable and they cover club tack days and track days where you are participating in professional instruction.
Prestigio never got back to me with a quote though it was estimated closer to 1K than 5 hundie
Speaking of instruction has anything been finalised for the 28th? I kept an eye on the RSG page but it has been pretty inactive
Prestigio never got back to me with a quote though it was estimated closer to 1K than 5 hundie
Speaking of instruction has anything been finalised for the 28th? I kept an eye on the RSG page but it has been pretty inactive
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I think I need to talk to Swann. Currently, for 4 cars I'm paying $3,800 per year. Last claim was 1993 when I was T boned in Vanuatu and my licence has no demerits. Given I can only drive one car at a time and the two most valuable are garaged and alarmed my insurance is expensive. I need someone who recognised my individual risk.
As for track cover, circulate at 9/10ths in the dry during Playdays and I fail to understand how you can have a driver caused accident. There's plenty of run-off and unlike the road you know exactly what's around the next corner.
As for track cover, circulate at 9/10ths in the dry during Playdays and I fail to understand how you can have a driver caused accident. There's plenty of run-off and unlike the road you know exactly what's around the next corner.
Rennlist Member
Prestigio requirements get harder as more claims are made on them. I believe at least two sizeable ones have been via RSG members on the track over the last couple of years. I'm fairly sure if we were all insured with Swann like we are with Prestigio we could find them puckering up by now. I'm also fairly certain Swann won't insure for out track tours and Targa. Track insurance is very cheap in NZ compared to UK or USA. All that said its really good for us to have choice so I think Swann should be supported for their efforts and they are obviously very cost. The cost of insuring a 90k car seems vastly different from a 290k car I might add. Definitely something to be said for keeping the value at risk down on the track even if it's just from an overhead point of view!!
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There will also be a 20-30 min on-track session at the start of the day doing laps in groups of 4-5 cars following lines behind Ray/Steve. Will start slow and gradually build so you can get a feel for the flow of the track.
Ray/Steve will run through the formats at driver briefing at the start of the day. I'll be sending an email with the timings and how the day will run in the next day or so.
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Wet (but not NITT wet) and a great day for all with no major damage I think. The quick trip down from Auckland was pretty sodden though. Will post a race shot or two tomorrow. Bloody good fun. Home and heading for the sack as I'm pretty much toast. Was up late the night before jury rigging an engine mount then up again at 4.15 am to get down there.
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Rennlist Member
Prestigio requirements get harder as more claims are made on them. I believe at least two sizeable ones have been via RSG members on the track over the last couple of years. I'm fairly sure if we were all insured with Swann like we are with Prestigio we could find them puckering up by now. I'm also fairly certain Swann won't insure for out track tours and Targa. Track insurance is very cheap in NZ compared to UK or USA. All that said its really good for us to have choice so I think Swann should be supported for their efforts and they are obviously very cost. The cost of insuring a 90k car seems vastly different from a 290k car I might add. Definitely something to be said for keeping the value at risk down on the track even if it's just from an overhead point of view!!
With banks you have retail products where your lending is part of an homogeneous portfolio, which is akin to mainstream insurance and then you have judgmental lending where we look at various aspects such as industry, balance sheet, character etc and make a customised decision.
Prestigio (viewed from afar) is a customised insurer covering a risk that few others will. They should understand the risk better than most but I don't see that in the conditions or cover. They cover all cars and all conditions. I think they have misread the risk and over conditioned the cover based on the driver.
Lucky I'm not doing the risk analysis because based on what I have seem I would decline cover on wet tracks and would limit cover on expensive cars and those capable of quick laps or where set up is at the envelope of the cars performance. For example I would cover Herman on street tyres in the dry with no harness. I wouldn't cover the risk with track tyres and a four point harness.
Rennlist Member
As a risk professional specialising in credit risk (lending money) I find understanding insurance risk practices interesting.
With banks you have retail products where your lending is part of an homogeneous portfolio, which is akin to mainstream insurance and then you have judgmental lending where we look at various aspects such as industry, balance sheet, character etc and make a customised decision.
Prestigio (viewed from afar) is a customised insurer covering a risk that few others will. They should understand the risk better than most but I don't see that in the conditions or cover. They cover all cars and all conditions. I think they have misread the risk and over conditioned the cover based on the driver.
Lucky I'm not doing the risk analysis because based on what I have seem I would decline cover on wet tracks and would limit cover on expensive cars and those capable of quick laps or where set up is at the envelope of the cars performance. For example I would cover Herman on street tyres in the dry with no harness. I wouldn't cover the risk with track tyres and a four point harness.
With banks you have retail products where your lending is part of an homogeneous portfolio, which is akin to mainstream insurance and then you have judgmental lending where we look at various aspects such as industry, balance sheet, character etc and make a customised decision.
Prestigio (viewed from afar) is a customised insurer covering a risk that few others will. They should understand the risk better than most but I don't see that in the conditions or cover. They cover all cars and all conditions. I think they have misread the risk and over conditioned the cover based on the driver.
Lucky I'm not doing the risk analysis because based on what I have seem I would decline cover on wet tracks and would limit cover on expensive cars and those capable of quick laps or where set up is at the envelope of the cars performance. For example I would cover Herman on street tyres in the dry with no harness. I wouldn't cover the risk with track tyres and a four point harness.
I think we live in the twilight of the golden age. Or at least the period just prior to its death throws!
Within 5 years I doubt many of us will be-able to afford to attend regular Hampton Quinn track days in our Porsches for casual laps.
Furthermore I predict underwriters will remove cover from resellers/insurers for these risks before that time or price them accordingly. Specialist underwriters will exists but like in the UK these will be event based and priced and very prescriptive and expensive.
IMO this is why Rennsport Gruppe has gained popularity and will continue to flourish at least in the near term whilst its members are prepared to create demand at a price point.
I don't wish any of this to happen, but I have to day it seems inevitable to me.
Risk is to be averted at all costs in future modern society. We will be legislated until we can no longer harm ourselves or others. In a decade or two it will be illegal to play with yourself in the shower for fear you may slip on the soap and give yourself an injury.
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Watch the authorities jump on 2k cup regs when/if there is an injury accident.
Wouldn't it be great if Taupo became a renegade space? Buy laps like the Ring and go for it. A great break on a Road trip. Maybe allow new road drivers to practice on it. Free for all.
Wouldn't it be great if Taupo became a renegade space? Buy laps like the Ring and go for it. A great break on a Road trip. Maybe allow new road drivers to practice on it. Free for all.
Any Rennlisters from New Zealand?
Originally Posted by John McM
Watch the authorities jump on 2k cup regs when/if there is an injury accident.
Wouldn't it be great if Taupo became a renegade space? Buy laps like the Ring and go for it. A great break on a Road trip. Maybe allow new road drivers to practice on it. Free for all.
Wouldn't it be great if Taupo became a renegade space? Buy laps like the Ring and go for it. A great break on a Road trip. Maybe allow new road drivers to practice on it. Free for all.
What I'm unclear on in NZ is when does MSNZ get to stick their head in and inject rules?
Maybe it's just (incorrect) perception by me, but I dislike these pseudo-governmental bodies in NZ who seem to be able to step in under the guise of safety & society in order to line their own egos.
Make it the RSG, rebel, car club heaven, uncles regular, chump car series, 2k cup. I feel like I'm constantly stumbling over people who have pulled out of this hobby due to politics of a sanctioning body.
Is Taupo a good track for bikes? Could a kart track be mapped out on the extended piece?
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Chris, there's a saying in the hotel business that it's the 3rd owner that makes the money because they buy at a price where the existing cash flow supports the valuation. The problem with being the 3rd buyer is that you are not sure how much deferred maintenance there is.
I think buying a race track is a similar prospect. $4,400,000 may well be based on existing cash flow. I don't know. If it isn't, then it becomes about the new revenue. Again I have no idea where the cream is with a track
Btw just saw this on TV about Star Wars: American cinema sales 1.9 billion; World DVD sales 3.7 billion; World toy sales 12 billion.
Clearly the money isn't in the cinema.
I think buying a race track is a similar prospect. $4,400,000 may well be based on existing cash flow. I don't know. If it isn't, then it becomes about the new revenue. Again I have no idea where the cream is with a track
Btw just saw this on TV about Star Wars: American cinema sales 1.9 billion; World DVD sales 3.7 billion; World toy sales 12 billion.
Clearly the money isn't in the cinema.
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