1 year ago

Slipstream - August 2017

The monthly newsletter of the Maverick Region of the Porsche Club of America

Insuring your Porsche:

Insuring your Porsche: Part 2 – Insuring Your Daily Driver By Justin Husman Photo courtesy of Jack Griffin f your Porsche is your primary mode of I transportation, you probably have it on your regular auto policy, which is great when it’s a new car, and easy to value, but not so good when it gets a few years old and value becomes a little more subjective, according to the “market”. Most standard policies are based on an “Actual Cash Value” form, which means that if you total your car, they are going to pay the actual cash value for your car at time of loss. There is a little wiggle room in that sort of coverage, but not much, as the adjuster has a computer program which tells him what that value is, much like blue book. There is some coverage that you should discuss with your agent to ensure you get maximum value in the event of a claim: OEM parts coverage, roadside assistance, and glass coverage. You are most likely to use the latter two, and they can save you pretty good money in the event of a nuisance claim (broken windshield or breakdown). If you have changed the car from its stock configuration, you should also consider “custom parts and accessories” coverage, to account for the extra value over ACV. This will also help you in the event of a claim where you are not at fault; if you insure the custom part, the other company will have to pay you for them as well. If you do not, the likelihood of being paid goes down quite a bit. If your daily driver is a very high value car (limited production, etc.) then your other option is “Stated Value” insurance; it’s a little different than the agreed value coverage I talked about last month, but it is a better option than ACV coverage, as it can mean a more appropriate payout at the time of loss. The key to insuring your car with a stated value is having a good agent; your insurance agent is your advocate, and will probably have to be involved with the adjuster to maximize your payout. One of the most important considerations when it comes to your daily driver insurance is your liability coverage. Obviously, everyone driving a Porsche is a millionaire (or at least people you have an accident with will think so) so you need to carry the highest liability limits you can get. If you carry high limits (and an umbrella policy) you will protect yourself from folks who want to turn a car accident into a lottery win. Obviously, some people drive their Porsches all week, and then onto the track on Saturday morning. Your regular policy is completely out when you drive on the track, but you do have options for covering your car while enjoying it on the track. I will discuss those options in my next column. If you have any specific insurance questions you think might be worthwhile for me to answer, please send them to me: Editor’s Note: Justin Husman is the owner of The Phoenix Insurance. His agency specializes in exotic, classic, and custom car insurance. Justin has been in the insurance industry for 15 years. Jack Griffin and Jerry Seinfeld with their examples of “limited production” Speedsters 14 August

Autocross 5: Mesquite Memorial Stadium By Carey Spreen When we registered W online for the June 11 edition of the Equipe Rapide autocross series, Sue and I couldn’t really tell how large the course was, based on the satellite photograph of Mesquite Memorial Stadium parking lot showing an overlay of the course. However, when we got there, it was obviously larger than we had thought, which is always a plus. Course maps are published in advance Something else we didn’t expect was to see Zone 5 Representative Jon Jones and his wife Joy (Cimarron Region President). They had attended the previous night’s Indy- Car race at Texas Motor Speedway and had decided to pay a visit to the autocross on their way back home. Regrettably, they weren’t in a suitable car for autocross, so they left before the timed runs began. Even more surprising was when we ran into PCA National Policy Committee Chair Bob Gutjahr (Chesapeake Region) and his son Josh. Turns out that Bob and Josh had also attended the IndyCar race, but they were at the autocross to drive Josh’s 2004 996 40th Anniversary coupe! Josh had just moved to Tyler and this was his first autocross. It just goes to show you that you never know who you’ll run into, even at an autocross! Anyway, Equipe Rapide ran its usual well-organized event, breaking the day up into three “heats” in which everyone is either driving, working the course, or resting. The Porsche classes worked first, ran second, and rested after that, which is, in my opinion, the ideal schedule. Working in the morning avoids the heat of the afternoon, plus you can watch and learn from the mistakes made by the drivers in the first run group. Even though everyone got six runs, they were quick (averaging about 40 seconds each), so each group took less than two hours to complete. A total of nine Porsche drivers competed, including autocross newcomer Carolle Liu in her 987 Boxster. This was Carolle’s first autocross, but she assured us at the end of the day that it would not be her last! Remember father-son competitors Bob and Josh? As noted earlier, Photos by Bill Orr this was Josh’s first autocross, but Bob had a few under his belt. At the end of the day, age and experience beat out youth and enthusiasm, but just barely: Bob’s best time was a 39.962, just edging out Josh’s 40.419. After getting our runs in, we all went to lunch while we waited for the last group to run. When all was said and done, five of us went home with trophies (okay, Equipe Rapide T-shirts), and a few of us went home with cash! Yes, ER pays for winning positions, especially if you are of the female persuasion, for whom the cash rewards are an incentive to bring more women into autocrossing. Carey Spreen had the second fastest Porsche time of the day June 11 Autocross #5 Results Carolle Liu navigating the course By the time you read this, the July 30 event will have taken place, but there will be another one on August 20 at the Lone Star Park facility in Grand Prairie. If you have ever wanted to find (or maybe even exceed) the limits of your Porsche in a safe environment, mark August 20 on your calendar! PCA 1 Best Time Diff. 1T Carolle Liu Porsche Boxster 987 White 50.811 PCA 2 Best Time Diff. 1T Robert Gutjahr Porsche 996 Silver 39.962 2 Joshua Gutjahr Porsche 996 Silver 40.419 0.457 PCA 3 1T James Shoffit Porsche Cayman GT4 White 37.238 2 Wendy Shoffit Porsche Cayman GT4 White 38.390 1.152 3 Mike Syler Porsche 991 Carrera S Red 39.671 1.281 PCA 4 1T Carey Spreen Porsche 911 SC Red 37.835 2 Sue Crimm Porsche 911 SC Red 41.276 3.441 PCA 7 1T Doug Edney Porsche 996 Black 40.334 15

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