Hi Randall:
I don't know; $5M isn't what it used to be. If somebody loses control of a car
and runs over a bystander then the settlement to the family will be over a
million or so for sure. Since it is a race, the driver's 3rd party insurance
coverage won't help and the family would fall back to the private event or
venue.
I agree that the chances are very low, so my complaint wouldn't be the
coverage, but the fee to get it.
Cheers,
Mark (not an insurance agent so perhaps I'm all wet)
-----Original Message-----
From: owner-triumphs@autox.team.net
[mailto:owner-triumphs@autox.team.net]On Behalf Of Randall
Sent: Monday, September 12, 2005 12:49 PM
To: tidbinbilla; Just Brits
Cc: Triumph List
Subject: RE: Triumphest 2005 News Update
> Right you are. The deciding factor to merge with the SCCA was insurance.
> Qualcomm requires $5M coverage to run auto events.
$5 Mill ? That's ridiculous ! Either the place must be falling apart (IOW
they know they are negligent) or they get kickbacks from the Ins co.
Anyway, I stand corrected. The insurance I was thinking of is for much less
than that.
Randall
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