Car Insurance Companies Looking to Exclude Track Coverage

[K-Rex]

Read this article in the NY Times about Car Insurance companies trying to get rid of "loop holes" that allow coverage for track events. One guy even lost his coverage for simply asking if he was covered for track/race events (probably had some tickets and accidents too though).

They mention higher end racing events but I wonder if this may start to affect your 1/4 mile and Auto X guys too.

http://www.nytimes.com/2008/10/19/automobiles/19INSURE.html?hp

IT’S no secret that insurance companies don’t like the people they cover to drive fast. So it shouldn’t be a surprise that the industry has been removing a policy loophole that insured drivers on racetracks.

That has left weekend warriors uninsured if they participate in track days or attend high-performance driving schools. Jerry Kunzman, executive director of the National Auto Sport Association, said that participation at its track events had jumped fivefold since 2003 and that many of those drivers had no idea they were not covered.

[CHAOS]

not surprising.

[bmatyeah]

its a great idea on their end clear example: the guy in the g35 who turns traction control off during a free track day and wound up in the wall. the odds at the track was yeah someones going to crash luckly it was only one person that i read about.

[marshallpre1]

Don't they have insurance at the track?

[CHAOS]

Don't they have insurance at the track?

its not the same... thats more like accidental dismemberment and **** like that.. not coverage for individual cars that may get wrecked at the fault of the driver.

[crexxy90]

hmmm i always thought that if you wrecked at the track it was all on you anyway, unless the track was at fault

[twastheglow]

hmmm i always thought that if you wrecked at the track it was all on you anyway, unless the track was at fault

Well, most people would try to make a claim on their insurance so they don't have to flip the bill for their stupidity.

[SovXietday]

I don't mind the insurance companies not covering cars that were wrecked/damaged at the race track. That's not their responsibility.

What pisses me off is that they like to either ramp the effff out of your rates or drop you completely if they find out you race on the track...

[461_SS]

its a great idea on their end clear example: the guy in the g35 who turns traction control off during a free track day and wound up in the wall. the odds at the track was yeah someones going to crash luckly it was only one person that i read about.

First thing he did wrong was over compensate for getting loose coming out of the turn which then put him in the wall. As an inexperienced driver he should of just let the car spin to the infield.

To stay on topic, insurance companies should just have another policy for the occasional racer or something. They could even require them to take courses etc..

[Scapegoat]

really... this is news?

[dragonfly2k3]

why should insurance companies cover you on the track? i thought it was understood that if you're heading to the track, you accept all responsibility.

[doug]

im an insurance broker.. i see this stuff all the time, almost every policy will state no coverage at race events or on race tracks.. street racing, etc. This is not news.

Loop holes? They're hard to come by.. if you wreck your car but are still able to drive away from the track and claim as something.. that's called fraud.. and they've been cracking down on fraud for years and years.. still.. not news.

Someone could claim it was a unoccupied vehicle hit and run.. but what if you don't have uninsured drivers coverage, which unoccupied hit and run falls under?

Drivers accept the risk 100% on sanctioned tracks.