life insurance and DE's
#16
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Rennlist
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My LI policy asked specifically if I was racing....to which I said no. They did make a distinction between "timed, competitive" events and screwing around on the track.
#17
Rennlist Member
Life Insurance Rating
As a person who sells life and financial products, I can speak to what I have seen on a recent case. This insured does particpate in PCA DE and this was divulged to the insurer. This had no impact on the rating and a policy was issued at Preferred Non Tobacco rates. My guess is having a Comp License with PCA Club Racing, NASA, SCCA, or other racing bodies might have an impact on rate. Still, like hang gliding, scuba diving, and other "hazardous" activities, I always complete the proper supplemental app and discuss the details with the underwriter. My advice is always to disclose this type of information to the insurer.
#18
Racer
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Join Date: Jun 2007
Location: Cincinnati
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Thanks ! This is what I wanted to know. As of now the potential carriers we have approached have me at "standard". Seems to me I have more shopping to do.