Insurance exclusion language
- Thread starter KGP
- Start date
This is a previous topic on the same subject; see my posts which mention American Collectors Insurance and Laurel DE.nsxtasy said:
Keep in mind that these policies are to protect the value of the car. If you are concerned about liability (someone else suffers injury or damage and sues you), these policies don't cover that, and (a point that Bob makes in that topic) if your regular auto policy doesn't cover your car for such incidents, they probably don't cover your liability, either.
And in my experience I have noticed that the instructers or more experienced drivers have the atitude; there is no assigned blame in multicar shunts,iow each responsible for thier own equipment,,but I think all bets are off if there are injuries(human nature).Plus novices and students are more likely to asign blame /fault/responsibility on the sponsoring club/track/ other drivers.Bottom line is this is a potentialy expensive/dangerous sport,the ramifications of which we dont' think about or don't have an action plan for if the worst(or any badness) does happen.
I have first hand experience with my totalled car from a HPDE accident. I was covered completely, settlement was fair and the adjuster worked with me to reasize a realistic value for the car, plus a cheap buy back for the salvage.
When I first spoke with my agent, and the in-office claims person I was very straight forward describing the event as a Driver's Education on a closed, private course. The claims person even said he was thinking a performance driving course would be good for his daughter who was just turning driving age. I specifically did not use the words 'Race track', because I was not racing. I told them there were instructors, I had an instructor in my car for the first session of the day, even though I was alone when the accident occured. There was never any question about why I was there.
When the adjuster came and looked at the car, he noted the many modifications done to the car, he worked at getting higher value for me and was able to inclease the value to $41,300 with out having to get into any real arm twisting, plus a $5800 salvage value. The adjuster had just bought a Porsche C4 and is getting ready to start tracking his car, so he was very understanding of the situation.
I think I might have had as good an experience as I could ask for. From accident to check in hand was 5 weeks.
The wording:
Sustained while operating or occupying a vehicle in any prearranged or organized racing or speed contest or in practice or preperation for any such contest.
Is very specific, HPDE does not fall into the description unless you are in a driving school where you are earning a racing license.
In the end I told the insurace company 'I guess I really needed the education, seeing how I crashed my car!'
When I first spoke with my agent, and the in-office claims person I was very straight forward describing the event as a Driver's Education on a closed, private course. The claims person even said he was thinking a performance driving course would be good for his daughter who was just turning driving age. I specifically did not use the words 'Race track', because I was not racing. I told them there were instructors, I had an instructor in my car for the first session of the day, even though I was alone when the accident occured. There was never any question about why I was there.
When the adjuster came and looked at the car, he noted the many modifications done to the car, he worked at getting higher value for me and was able to inclease the value to $41,300 with out having to get into any real arm twisting, plus a $5800 salvage value. The adjuster had just bought a Porsche C4 and is getting ready to start tracking his car, so he was very understanding of the situation.
I think I might have had as good an experience as I could ask for. From accident to check in hand was 5 weeks.
The wording:
Sustained while operating or occupying a vehicle in any prearranged or organized racing or speed contest or in practice or preperation for any such contest.
Is very specific, HPDE does not fall into the description unless you are in a driving school where you are earning a racing license.
In the end I told the insurace company 'I guess I really needed the education, seeing how I crashed my car!'
I will probably be flamed to death for this but; it is the way I feel.
The way I see it is: "If you aren't willing to accept financial responsibility for a crack-up while participating in what is a dangerous hobby, you don't belong on the track".
<O
Insurance companies have a right to exclude what we do to keep rates for the masses in line. If I have an incident on the street, under normal conditions, I go through my agent for reparations. If I have an incident on the track, I take responsibility for repairs to my car or myself. If the financial burden of this hobby is too great, buy a rider for your policy to cover it or buy a separate policy.
Flame away
.
The way I see it is: "If you aren't willing to accept financial responsibility for a crack-up while participating in what is a dangerous hobby, you don't belong on the track".
<O
Insurance companies have a right to exclude what we do to keep rates for the masses in line. If I have an incident on the street, under normal conditions, I go through my agent for reparations. If I have an incident on the track, I take responsibility for repairs to my car or myself. If the financial burden of this hobby is too great, buy a rider for your policy to cover it or buy a separate policy.
Flame away
KEYWORDS:
Dave, you can't get any more luckier than that: You walked away from the scary mechanical failure (could be fatal as you stated), and then you got treated by the best adjuster you could ever ask for.
I'll say most likely, other people will have a much tougher time to get their money back.
Dave, you can't get any more luckier than that: You walked away from the scary mechanical failure (could be fatal as you stated), and then you got treated by the best adjuster you could ever ask for.
I'll say most likely, other people will have a much tougher time to get their money back.
MarkB said:I will probably be flamed to death for this but; it is the way I feel.
The way I see it is: "If you aren't willing to accept financial responsibility for a crack-up while participating in what is a dangerous hobby, you don't belong on the track".
<O
Insurance companies have a right to exclude what we do to keep rates for the masses in line. If I have an incident on the street, under normal conditions, I go through my agent for reparations. If I have an incident on the track, I take responsibility for repairs to my car or myself. If the financial burden of this hobby is too great, buy a rider for your policy to cover it or buy a separate policy.
Flame away.
You want Frame huh?
da*n, no flame thrower smilies on Prime!! 
I found what you said totally make sense, however, for an individual to say that and track an nsx on track... Not all of us be able to do that. An average person doesn't have 30k sitting in the bank!! That's why I valued the attitude and respect to others in higher priority than anything else on track. It's very sad that some of the DE I went to, there were a lot of "race" and "contest" stories flying around, people not letting faster cars by, some real fast guys (with great skills/fast cars but no DE metality) stay inches behind newbie's bumper...
Anyway, the society try to urge kids not racing on streets and highways, yet the cost of going to track is getting steeper and steeper, now you tell those kids that if they can not afford (to lose the car and repair) they are not belong there... (who, a lot of times, the car is the ONLY thing they have.) Where can they go for the "need for speed"?? Or we should all quit driving and pour all our hard earned moneys on 22" spiners and 10 TVs??
Chris@SoS said:And I've seen Jim's race car, he's not joking!
-- Chris
I've had enough trouble with that thing that I was tempted to push it off of a cliff. I think it's all resolved now but I'm sure something new will come up.
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