Slipstream - December 2018


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

Maverick Tech Session Series: Insurance

By Michael Baynton, Region Tech Session Chair

Think back—how much time did you spend researching the

purchase of your Porsche(s)? Deciding on the specific model, the

“must have” options, the color, even the dealership or private

seller from which to purchase. And that’s before you even sit

down and consider the selling price and what you are willing

to pay for your new toy. All that time spent to get just the right

car at just the right price. And then most people just call their

current insurance company to add the additional vehicle to their

policy—probably with the exact same coverage as the family

SUV or grocery-getter. And that last decision might the right

one. Or it might be all wrong.

Does your Porsche have ACV (actual cash value) coverage?

Or maybe a “Stated value” or “Agreed value” policy?

If you drive your 911 through Fancytown

and happen to bump into a new Ferrari

488, do you have enough coverage to

pay for the damages?

And if you have special “Classic car” insurance on your

garage queen 356, when exactly can you drive your baby and

still be adequately insured?

These topics and more were covered during our latest tech

session, held on November 3 at Park Place Porsche. Justin

Husman from Phoenix Insurance provided a comprehensive

overview of the various types of coverages available, and

touched on the pros and cons of each. While the focus was

primarily on car insurance, he also covered homeowner and

umbrella policies as well as track insurance. (Fun fact: if

you purchase track insurance for a weekend HPDE day and

somehow manage to make contact with another car on track,

you are out of luck! The coverage you purchased typically

only covers damage to your car if you make contact with a

barrier or wall. Who knew?)

In addition to highlighting the differences between the

various policies, Justin also delved into the differences between

the types of insurance providers and independent brokers. He

provided great advice and “insider” insight into the insurance

business, and a healthy Q&A session from our 40+ members

in attendance turned out to be very enlightening. Suffice it to

say that quite a few will be doing additional research on their

current insurance policies!

A big thank-you goes out to G.M. Patrick Huston and Liz

Shafton at Park Place Porsche, who graciously allowed us to

use their training room for this tech session. As he always

does, Patrick greeted our members and made himself available

to our members to show them around the dealership. Also, to

Justin Husman for presenting the info and providing donuts

and coffee. And lastly, lots of appreciation for the MAV PCA

volunteers who came early to help set up and leave late to

help with clean-up! Stay tuned for an even better slate of tech

sessions coming in 2019!!

Your mind’s been racing.

Catch up.

Decades of dreaming, fulfilled instantaneously. The iconic 911 Carrera. Legendary

handling, immediate power, and decades of motorsport heritage. It is the full

measure of a sports car. Found only in a Porsche. Porsche. There is no substitute.

The 911 Carrera.

Porsche Plano

5924 W Plano Pkwy.

Plano, TX 75093

(214) 579-1911

©2018 Porsche Cars North America, Inc. Porsche recommends seat belt usage and observance of traffic laws at all times.

8 December

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