06-02-2015, 10:35 PM | #1 |
Major General
817
Rep 7,887
Posts |
A video from Mondays Track Day at Mosport
I was involved in setting up this video that we shot at Mosport on Monday.I am the "Old Guy" at the end who takes the reporter for a ride!He lasted about half a lap at real speed before telling me that he had enough footage!LOL
http://toronto.ctvnews.ca/mobile/vid...2401689#626209 |
06-02-2015, 11:40 PM | #4 | |
Major General
817
Rep 7,887
Posts |
Quote:
Thanks for the comment on the Moonstone.I am really happy that I waited an extra 2 months to get it. |
|
Appreciate
0
|
06-03-2015, 12:47 AM | #5 |
Sakhir Smurf
314
Rep 594
Posts
Drives: Plaid, F82 M4, E46 M3, Sequoia
Join Date: Feb 2006
Location: 'Merica
|
Love that moonstone!
I've looked at track insurance before... but it still seems almost prohibitively expensive. ~2x the cost of the actual event itself. Does anyone here have experience using it?
__________________
2015 M4: Sakhir on Sakhir | M-DCT | Adaptive Suspension | Lighting | Executive | Cameras | HK Sound | Full Leather
2004 M3: Laguna Seca Blue | SMGII | Basic track mods: 18" Square setup on R888s / Performance Friction rotors / SS Lines / Ground Control Street/Track Kit / DTC-60 Pads NASA NorCal Instructor |
Appreciate
0
|
06-03-2015, 10:14 AM | #7 |
First Lieutenant
133
Rep 324
Posts |
Smart move by whoever decided to offer insurance on the track. Lets face it how many cars actually crash on the track?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ |
Appreciate
0
|
06-03-2015, 10:23 AM | #8 |
Major General
817
Rep 7,887
Posts |
I was at a Ford Event at Mosport yesterday and we had 3 red flags due to crashes!One serious with an ambulance ride at corner 8 which is fastest part of the track which I am entering the braking zone at 236kph(147mph)on my gps not speedo.It has been years since I even remember a crash during one of my instructing days.
|
Appreciate
0
|
06-03-2015, 10:30 AM | #9 | |
First Lieutenant
133
Rep 324
Posts |
Quote:
|
|
Appreciate
0
|
06-03-2015, 10:48 AM | #10 |
Major General
817
Rep 7,887
Posts |
I do not really know as this is a new program and I am only a consultant to this group but I would be surprised if it was one in five hundred from my experiences.
|
Appreciate
0
|
06-03-2015, 12:10 PM | #11 | |
First Lieutenant
133
Rep 324
Posts |
Quote:
Yea I think this would make them some serious cash, the guy from the video said something like insurance for 1 day is in the 400s for a car worth about 50k so lets assume that the average is like a car worth of 35k meaning to insure it on the track for 1 day you pay like 300 dollars for instance. Lets say you get 50 insurance buyers in a day once this thing becomes more popular (just an estimate) that'd be 15000 thats 15000 every 50 buyers, times ten thats 500 buyers for 150k$. Now with your estimation of 1 person crashing in those 500 lets say they buy him a whole new car which is the worst case scenario then it'd be 35k (the average we're using) that is 115000 dead profit right there |
|
Appreciate
0
|
06-03-2015, 01:05 PM | #12 | |
Joint Chiefs of Staff
4918
Rep 115,980
Posts |
Quote:
Mike |
|
Appreciate
0
|
06-03-2015, 01:13 PM | #13 | |
Major General
817
Rep 7,887
Posts |
Quote:
|
|
Appreciate
0
|
06-03-2015, 01:19 PM | #14 | |
First Lieutenant
133
Rep 324
Posts |
Quote:
I guess but even if you cut the profits I calculated by half its still good. Heck I would be happy with even a 1/10th of the pie |
|
Appreciate
0
|
06-03-2015, 01:29 PM | #15 | |
Major General
817
Rep 7,887
Posts |
Quote:
|
|
Appreciate
0
|
06-04-2015, 03:02 PM | #16 |
Major General
817
Rep 7,887
Posts |
Another video from Monday from the Intermediate Group in a 991 GT3.He is a novice and taking easy which was smart compared to the Mustang guys the next day!
Last edited by Gearhead999s; 06-04-2015 at 03:09 PM.. |
Appreciate
0
|
06-04-2015, 03:20 PM | #17 | ||
Advocatus Douchebagus. Sex Marxist.
2415
Rep 3,415
Posts
Drives: Lucy.
Join Date: May 2012
Location: Canada
|
Quote:
Quote:
Lets all recall that the insurance industry makes its money, in part, by selling policies (revenue) and not paying out on them (expense) (and also by the interest on the money they are holding from premiums). So, at worst for the insurance company, they pay out about what they take in and earn profit off the interest. Better for them if they pay out less than they take in and earn profit there as well as on the interest. So, yes, it should be a money maker for the insurance industry - but, that is why they do it and how they make money. The real question for the consumer is: "ok, I know they will make money, but is the cost for me worth the risk?" If you go to a track once a year, I would have to say yes, absolutely. If you go 20 times a year, probably less so..... but only you can make those calls. My point is, although I have all kinds of professional reasons to dislike how the insurance industry conducts themselves, I don't hate them because they make money on what they do....
__________________
Drivin' Lucy
|
||
Appreciate
0
|
06-04-2015, 04:33 PM | #18 | |
First Lieutenant
133
Rep 324
Posts |
Quote:
|
|
Appreciate
0
|
06-04-2015, 05:40 PM | #19 | |
Advocatus Douchebagus. Sex Marxist.
2415
Rep 3,415
Posts
Drives: Lucy.
Join Date: May 2012
Location: Canada
|
Quote:
Not for making money (that I get) but for the dishonest way they'd do it. I'd rather they charge higher premiums and pay legitimate claims. However, their daily practice of 'deny coverage as long as we can and only grudgingly pay out' is tiresome. I actually had to sue my home insurer about 6 years ago. In 15 years of practicing law, dumbest lawsuit I've ever filed. They were wrong and caved the second they were served. But it cost me nothing to do that, someone coming to me....probably wouldn't have bothered because it was "only" a $30k claim and who will spend money on a lawyer to file that? I'd rather I paid $5 more a month in premiums and didn't have to deal with bad faith shit like that. As for whether they make more on track day vs other claims....hard to know. If other companies get into the game, the rates will come down and we'll see them work closer to their margins (recognizing that this competition can, in the hands of the dishonest, also result in precisely the bad faith crap that I was just complaining about above....)
__________________
Drivin' Lucy
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|