Insurance info for HPDEs
#1
Drifting
Thread Starter
Insurance info for HPDEs
I spoke with my Allstate car insurance agent this week. We discussed my doing HPDEs at various intervals. Since is is in the nature of being a school performance educational event, vs. racing, he related that insurance would be in effect.
However, in the event of a claim in a racing incident, not only would there be no coverage, but the policy would be cancelled immediately. Thought I would pass that on for those HPDE guys who might be concerned. As with insurance, your mileage may vary.
However, in the event of a claim in a racing incident, not only would there be no coverage, but the policy would be cancelled immediately. Thought I would pass that on for those HPDE guys who might be concerned. As with insurance, your mileage may vary.
#2
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#4
Team Owner
I spoke with my Allstate car insurance agent this week. We discussed my doing HPDEs at various intervals. Since is is in the nature of being a school performance educational event, vs. racing, he related that insurance would be in effect.
However, in the event of a claim in a racing incident, not only would there be no coverage, but the policy would be cancelled immediately. Thought I would pass that on for those HPDE guys who might be concerned. As with insurance, your mileage may vary.
However, in the event of a claim in a racing incident, not only would there be no coverage, but the policy would be cancelled immediately. Thought I would pass that on for those HPDE guys who might be concerned. As with insurance, your mileage may vary.
Tom
#5
Drifting
#6
Team Owner
what they sign also means zippo it has to come from the company. Although they can legally bind coverage on the phone. They cannot alter policies. They would have so many suits as different agents interpet all types of policies all different ways.
#7
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Read the "Discloser Statement" protion of your contract.
Look for SPECIFIC words, like "timed event", "timed", "race", "practive of or for race", or "ON a circuit, track or road designed for racing."
Or something to those type of words. If the words are NOT there, then you should be covered.
Each state is different, each companies is different in each state too.
READ your statments / contract carfully.
NEVER use a hot lap timer, or take part in a Time trail.
Look for SPECIFIC words, like "timed event", "timed", "race", "practive of or for race", or "ON a circuit, track or road designed for racing."
Or something to those type of words. If the words are NOT there, then you should be covered.
Each state is different, each companies is different in each state too.
READ your statments / contract carfully.
NEVER use a hot lap timer, or take part in a Time trail.
#8
Team Owner
Exactly ^^
the Allstate policy states directly that "preparation or practice for a timed event... will be cause for denial of a claim"
Basically, the agent as listed in the 1st post is an idiot
I sent a letter to my agent after that same conversation and their corporate attorney wrote back saying that they wouldn't make a decision on the feasibility of a claim before it occurs.
the Allstate policy states directly that "preparation or practice for a timed event... will be cause for denial of a claim"
Basically, the agent as listed in the 1st post is an idiot
I sent a letter to my agent after that same conversation and their corporate attorney wrote back saying that they wouldn't make a decision on the feasibility of a claim before it occurs.
#9
Racer
I sent an email to my company AIG with a link to the Corvette Museum HPDE at VIR and a link to Spring Mountain and received an email that I would be covered at those events. I have it in writing.
#10
Team Owner
Way to go guys! Keep bringing it to the attention of the insurance companies so that they'll raise everyone's rates that participate in these types of events!
#11
Team Owner
#12
Team Owner
Allstate is one of the major ones that already discredits the attempt to participate.
The others are not too far off from this type of coverage being excluded.
the motto should still be, "don't take it to the track if you can't afford to wad it up."
The others are not too far off from this type of coverage being excluded.
the motto should still be, "don't take it to the track if you can't afford to wad it up."
#13
Team Owner
so that is the case if you wad it up you have no coverage. The insurance companies may be better off with people blowing off steam on track and eating a few than turning them out on public roads.
#14
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I fail to understand why anyone would care if their insurance covers them at the track, why would you? Are you so stupid and reckless that you can't control yourself in your STREET car? I have driven lots of cars at the track and the only time any of them were damaged was during races with PRIZE MONEY. Only a very limited intelligence drives 100% of their ability in an open track without television or cash to follow. People who wreck their cars in amateur SCCA races should be forced to deduct 40 IQ points as well.
This is a non topic. If you were an insurance company would you pay some idiot that wiped out his road car at a race track.? Or would you say "Screw him, he's a moron!"?
You break it, you bought it, what difference does it make? If you would be financially affected by whacking your car, then don't whack your car... I taught for many organizations and I only had one student smash his car and he was really inept at the wheel and I got out after one lap. I was surprised he made it to Sears in one piece on the road...
Drive within your ability and don't go out with undisciplined groups and you will not have to endlessly debate this topic.. I love it when the more paranoid suggest that insurance companies are monitoring the forum. .. They get their statistics much more easily than that, through losses from people who can't drive like an adult...
This is a non topic. If you were an insurance company would you pay some idiot that wiped out his road car at a race track.? Or would you say "Screw him, he's a moron!"?
You break it, you bought it, what difference does it make? If you would be financially affected by whacking your car, then don't whack your car... I taught for many organizations and I only had one student smash his car and he was really inept at the wheel and I got out after one lap. I was surprised he made it to Sears in one piece on the road...
Drive within your ability and don't go out with undisciplined groups and you will not have to endlessly debate this topic.. I love it when the more paranoid suggest that insurance companies are monitoring the forum. .. They get their statistics much more easily than that, through losses from people who can't drive like an adult...
#15
Team Owner
I fail to understand why anyone would care if their insurance covers them at the track, why would you? Are you so stupid and reckless that you can't control yourself in your STREET car? I have driven lots of cars at the track and the only time any of them were damaged was during races with PRIZE MONEY. Only a very limited intelligence drives 100% of their ability in an open track without television or cash to follow. People who wreck their cars in amateur SCCA races should be forced to deduct 40 IQ points as well.
This is a non topic. If you were an insurance company would you pay some idiot that wiped out his road car at a race track.? Or would you say "Screw him, he's a moron!"?
You break it, you bought it, what difference does it make? If you would be financially affected by whacking your car, then don't whack your car... I taught for many organizations and I only had one student smash his car and he was really inept at the wheel and I got out after one lap. I was surprised he made it to Sears in one piece on the road...
Drive within your ability and don't go out with undisciplined groups and you will not have to endlessly debate this topic.. I love it when the more paranoid suggest that insurance companies are monitoring the forum. .. They get their statistics much more easily than that, through losses from people who can't drive like an adult...
This is a non topic. If you were an insurance company would you pay some idiot that wiped out his road car at a race track.? Or would you say "Screw him, he's a moron!"?
You break it, you bought it, what difference does it make? If you would be financially affected by whacking your car, then don't whack your car... I taught for many organizations and I only had one student smash his car and he was really inept at the wheel and I got out after one lap. I was surprised he made it to Sears in one piece on the road...
Drive within your ability and don't go out with undisciplined groups and you will not have to endlessly debate this topic.. I love it when the more paranoid suggest that insurance companies are monitoring the forum. .. They get their statistics much more easily than that, through losses from people who can't drive like an adult...
Last edited by John Shiels; 04-08-2007 at 03:24 AM.
#16
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or this?
If you would be financially affected by whacking your car, then don't whack your car
Probably should read, "don't go on track with a car you can't afford to replace"
I have never seen a car wrecked at an open track that was not the driver's fault in over 25 years of high speed driving... all due to incompetance or stupidity or both...That includes idiots that wanted to race each other...
I have also never had a mechanical failure at an open track that caused me to either be stranded or fly off. I have in fact never had either of those happen in about 40K miles of pro endurance racing either.. maybe I just believe in prep more than others...??
I would be embarassed to go whining to an insurance company to have them pay for my pathetic errors
Last edited by Tintin; 04-08-2007 at 04:14 AM.
#17
Le Mans Master
Hey Tin man,
I have seen someone hit a wall when their tire went down. I don't know if they had insurance or not and I really don't care. But, I guess you could argue that it was his own fault his tire gave out, but I would have to disagree once again with you. I don't think that would be a pathetic error.
Stay safe buddy.
I have seen someone hit a wall when their tire went down. I don't know if they had insurance or not and I really don't care. But, I guess you could argue that it was his own fault his tire gave out, but I would have to disagree once again with you. I don't think that would be a pathetic error.
Stay safe buddy.
#19
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I hear two different rules or standards. One is No Fault and the other is if you crash someone else you are responsible for their damage.
I have run with PDA NASA Car guys and Corvette clubs. I can say their are many! Drivers at all of the above that concern me for their safety and others.
#20
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[/Quote] I have never seen a car wrecked at an open track that was not the driver's fault in over 25 years of high speed driving... all due to incompetance or stupidity or both...That includes idiots that wanted to race each other...[/QUOTE]
Chill out Tin Man, there are lots of really decent, carefull intelligent guys and gals on the track with various abilities trying to improve their skills and stuff happens that isn't from stupidiity or lack of preparation. Insurance companies can set their policies and practices and it's up to us to figure it all out, but slamming people for the nerve to get out there, play by the rules, enjoy their cars and push their personal and vehicle limits is wrong. I've met lots of people at the track from newbies to VERY talented and none were idiots. Maybe if you shared your claimed skills with those of less talent, rather than calling them idiots, the track experience would be better for everyone.
Chill out Tin Man, there are lots of really decent, carefull intelligent guys and gals on the track with various abilities trying to improve their skills and stuff happens that isn't from stupidiity or lack of preparation. Insurance companies can set their policies and practices and it's up to us to figure it all out, but slamming people for the nerve to get out there, play by the rules, enjoy their cars and push their personal and vehicle limits is wrong. I've met lots of people at the track from newbies to VERY talented and none were idiots. Maybe if you shared your claimed skills with those of less talent, rather than calling them idiots, the track experience would be better for everyone.