Insurance question: Hagerty won’t cover my 993
 

Chubb

I wouldn't mention HPDE or any other off-road uses of the car - their policy doesn't cover that, so they don't need to know. (even though it helps them with the road driving since it makes you a better everyday driver!)

Don't show all your cards if you want to win :)

phil.

Isn't that called Insurance Fraud :to_order:

Yea, I always err on the side of disclosure but your clearly right. They had said they would cover it no problem when I called for a quote. then I guess underwriting squashed that. I've heard of them not covering actual racing/timed events but HPDE?

I'm sure many many ppl do just that but it is most likely what you called it...

do they specifically ask if you use it for DE's? what about parade laps? what if you said you don;t plan to and plans change? I doubt it is insurance fraud unless you intentionally lie. Insurance cos act like such babies...and always put up huge profits.

LOL

I get my agreed value with Hagerty. And a member of Hagerty's Drivers Club (comes with the policy). They sent me an invite to a track day at Thunderhill Raceway (CA) in a few weeks! Now I'm worried it could be a trap!

dave
95 911
03 540i6
84 380SL

word of advice - always be transparent with the insurance company. you want to know if you arent going to be covered for something at the time of application -- it is much worse to have a loss and then find out you have no coverage - not pleasant! plus, a company can decline to cover a loss if they find if there was material misrepresentation at the time of your application. ugly experiences that happen more frequently than most realize.

I contacted Hagerty, they said I am not covered during the event, and recommended Track Insurance through RLI (their partner) Running some quick numbers, insurance for the event = $368. Note this is damage only up to $18K, not liability. Seems a bit steep, especially considering limit.

https://www.hagerty.com/Insurance/Track-Day-Insurance

dave
95 911
03 540i6
84 380SL

Yes, all those poor insurance companies going BK. :banghead:

Have you tried Grundy's?

You must disclose all material facts relating to your application for insurance. Failure to disclose a material fact in your application will result in your insurer declining an unrelated claim.
Criminal fraud statutes may also be filed. Insurers work very closely withStates Attorney Generals.
When you work with your insurer they are generally friendly. When you work with claims, you are working with an entirely different group, all of whom are paid to save the insurer money.
You may have a stipulated value. As an example, you may be parked in a secure parking lot. Someone forcibly enters your car, and damages your car, or worse, causing personal injury or death. Your insurer will 1) decline coverage, to you and the claimnant 2) fail to defend you, 3) report the fraud to the State Attorney General for prosecution. You will be responsible for the civil damages caused to your car as well as others, personal injury, criminal and civil defense costs.
I know others may respond "they will never know" they have ways.
Be honest, direct and disclose all information. Failure to do otherwise will cause further complications.
Try to find an insurer that will accept you under your true use of your car.
Please don't be offended.