someone suggested this, http://laurelde.com/ has anyone hear of it, used it, currently has it?

Thanks

Why would you take a car to a DE that you don't own (or can write a check for)? - which doesn't really get to the point of insurance though.

Even though I own my car, a 10k repair bill would hurt. 5K is a high deductible, but perhaps not for what you do with your car at a track.

Why would you take a car to a DE that you don't own (or can write a check for)? - which doesn't really get to the point of insurance though.

Even though I own my car, a 10k repair bill would hurt. 5K is a high deductible, but perhaps not for what you do with your car at a track.


Curious...why bring up the issue of owning your car?......lets asume we all own our cars....



The policies are cleary geared toward big shunts, and hi buck cars......it would be a much tougher call to get this type of coverge for say a $12, 13k track rat.......but shelling out 5 k, to get a 10k repair done is better than writing off a car because you have no cvg and repair bill is 10k , no? I mean $500 per year is like 3 starbuck visits a week.......

Joel,

I dont go to Starbucks.

Not everyone is a wealthy chiropractor.

:-)

Joel,

I dont go to Starbucks.

Not everyone is a wealthy chiropractor.

:-)

true(hehe) I wish.....but you are a lawyer..no excuses for you.:redspot .

That's only good if you're a PCA memebr, and to be a PCA member you must own a Porsche.... so yea.

Dave @ Laurel DE is a solid guy. Talk to him over the phone, very helpful.

The point of the $5k deductible is so that you're not filing claims for anything but a total writeoff. I found the rates and coverage quite reasonable for my E36 M3.

They are just about the only HPDE insurance choice for residents of select states (NJ included).

Dave @ Laurel DE is a solid guy. Talk to him over the phone, very helpful.

The point of the $5k deductible is so that you're not filing claims for anything but a total writeoff. I found the rates and coverage quite reasonable for my E36 M3.

They are just about the only HPDE insurance choice for residents of select states (NJ included).
What were the rates if you don't mind me asking?

Why would you take a car to a DE that you don't own (or can write a check for)? - which doesn't really get to the point of insurance though.


no it doesn't, which shows how thoughtless your comment. only a moron would make such a retarded comment knowing full well a good portion of people might or might not fall in your category of appropriate candidates (in your eyes) for driving their car on the track.:rolleyes

i had progressive insurance, which completely covered my rollover at HPDE, totalling my second M3, and they paid me more than I initially purchased the car for. might be worth a call

Most major insurance companies have wisened up to DE's. Allstate flat out refuses anything on surface intended for competition (or some wording similar). State Farm and Progressive are similar now.

Here are Laurel DEs rates for 2005. I just sent in my email for 2006 rates, so I dont have them on hand. I think the 2006 rates are about $50-100 higher across the board.

Best to call Laurel DE directly. The guy there is extremely helpful. The Porsche boards have a lot of discussion about them, nothing bad so far.

Listed below is the valuation, then the deductible (5k or 15% whichever is higher), the yearly premiums based on how many days of events you need coverage for.
Example: $20k coverage for 20 days = $607.50 premium + $5000 deductible.

PS. I'm in no way affiliated with the company, just a user.

INSURED PREMIUM PREMIUM PREMIUM

VALUE DEDUCTIBLE 10 DAYS 20 DAYS 30 DAYS

20,000 5,000 410.00 486.00 564.00

25,000 5,000 512.50 607.50 705.00

30,000 5,000 615.00 729.00 846.00

35,000 5,000 717.50 850.00 987.00

40,000 6,000 820.00 972.00 1,128.00

45,000 6,750 922.50 1,093.50 1,269.00

50,000 7,500 1,025.00 1,215.00 1,410.00

55,000 8,250 1,127.50 1,336.50 1,551.00

60,000 9,000 1,230.00 1,458.00 1,692.00

65,000 9,750 1,332.50 1,579.50 1,833.00

70,000 10,500 1,435.00 1,701.00 1,974.00

75,000 11,250 1,537.50 1,822.50 2,115.00

80,000 12,000 1,640.00 1,944.00 2,256.00

85,000 12,750 1,742.50 2,065.50 2,397.00

90,000 13,500 1,845.00 2,187.00 2,538.00

95,000 14,250 1,947.50 2,308.50 2,679.00

100,000 15,000 2,050.00 2,430.00 2,820.00

Most major insurance companies have wisened up to DE's. Allstate flat out refuses anything on surface intended for competition (or some wording similar). State Farm and Progressive are similar now.

That depends on the state and the agent. I have SF and they will (and have) cover HPDEs. I know that GIECO and Progressive also cover HPDEs around here.

This place ( http://www.americancollectorsins.com/de_quali.htm ) will cover you on track too- they charge 1.5% of the stated value of the car. I entered $15,000 and it was $225/year.

That depends on the state and the agent. I have SF and they will (and have) cover HPDEs. I know that GIECO and Progressive also cover HPDEs around here.....

Yes -- I have Allstate in NY. For years, they had nothing in the policy re HPDEs, but in my last policy renewal, they've added an exclusion for any occurence on a racing surface, whether you're racing or not. In other words, no coverage, period. And having an umbrella policy will not help in this situation either -- if there's no underlying coverage, the umbrella will not kick-in.

Not sure what I'm going to do. If I totaled my track car, it would be a significant loss, but I could handle it (by not having a track for the foreseeable future). However, the bigger concern, for most of us probably, is liability. Yes, I know all participants sign a waiver, but that's not going to stop a lawsuit from being filed, and in the end it may not provide protection against liability. Obviously, that's worst case scenario and very unlikely to occur, but that's why you have insurance in the first place.

Again, still not sure what I'm going to do, but it's on my mind now that Allstate changed its policy.