HPDE / track insurance
02-26-2010, 06:26 AM
#16
Rennlist Member
i have noticed USAA has done a reversal. They used to cover it back in 2005, changed policy to say any kind of driving on a closed course is not covered in 06. I dropped them and went to another insurance company. when they asked why, I told them exactly why. i have been doing DE's, non-timed not competitive for the past 10 years and haven't had a claim yet. i didn't need their business if they weren't going to back me up. Now, these words are missing out of their policy again and i'm back since they are pretty good company otherwise.
02-26-2010, 12:18 PM
#18
Rennlist Member
USAA is a good organization on all levels. I especially like those premium return checks every now and again
I can't recall a time when i was not happy with a conversation, quote, or the outcome of a problem. I have all my insurance eggs in their basket.
I can't recall a time when i was not happy with a conversation, quote, or the outcome of a problem. I have all my insurance eggs in their basket.
02-26-2010, 02:54 PM
#20
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My USAA policy states that any "Driving Contest or Challenge" is an exclusion to coverage and is defined as "An activity that challenges the speed or handling characteristics of a vehicle, or improves or demonstrates driving skills, provided the activity occurs on a track or course that is closed from nonparticipants."
My assumption is that I am not covered for a non-racing track day or HPDE. Does anyone else read that differently? I double check with USAA too.
My assumption is that I am not covered for a non-racing track day or HPDE. Does anyone else read that differently? I double check with USAA too.
01-27-2011, 01:31 PM
#21
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Just got this today from WSIB:
"I regret to inform you, but unfortunately we have had to discontinued our coverage for Drivers Education Insurance due to the amount of losses over the last year. I would recommend Lockton-Affinity for this type of coverage, as they have a similar product.
HPDE Coverage
I am sorry for any inconvenience.
Thank you,
Kris"
"I regret to inform you, but unfortunately we have had to discontinued our coverage for Drivers Education Insurance due to the amount of losses over the last year. I would recommend Lockton-Affinity for this type of coverage, as they have a similar product.
HPDE Coverage
I am sorry for any inconvenience.
Thank you,
Kris"
01-27-2011, 02:53 PM
#22
Three Wheelin'
Just got this today from WSIB:
"I regret to inform you, but unfortunately we have had to discontinued our coverage for Drivers Education Insurance due to the amount of losses over the last year. I would recommend Lockton-Affinity for this type of coverage, as they have a similar product.
HPDE Coverage
I am sorry for any inconvenience.
Thank you,
Kris"
"I regret to inform you, but unfortunately we have had to discontinued our coverage for Drivers Education Insurance due to the amount of losses over the last year. I would recommend Lockton-Affinity for this type of coverage, as they have a similar product.
HPDE Coverage
I am sorry for any inconvenience.
Thank you,
Kris"
01-27-2011, 02:59 PM
#23
Rennlist Member
Thread Starter
http://www.multibriefs.com/briefs/pc...olicy_1-11.pdf
Unable to quote 01/19/10 supposedly mid Feb:
From: Knuth, Fred [mailto:FKnuth@locktonaffinity.com]
Sent: Wednesday, January 19, 2011 9:40 AM
To: 'peter@trakcar.com'
Subject: FW: http://www.multibriefs.com/briefs/pc...olicy_1-11.pdf
Peter,
Based on the link you provided, it looks like you are interested in our new annual policy for DE Events. The policy is expected to be available in mid-February and we hope to have the pricing model and quote process available by the first part February. Please check the website that was in the bottom right corner of this notice at that time or watch for another announcement with specific dates. Thanks for your interest.
Fredric A. Knuth
Assistant Vice President
Account Executive
Lockton Affinity
7300 College Blvd., Suite 500
Overland Park, KS 66210
Phone: 913.652.7529
Fax: 913.652.4529
E-mail: fknuth@locktonaffinity.com
All Programs administered by Lockton Risk Services, Inc.
Unable to quote 01/19/10 supposedly mid Feb:
From: Knuth, Fred [mailto:FKnuth@locktonaffinity.com]
Sent: Wednesday, January 19, 2011 9:40 AM
To: 'peter@trakcar.com'
Subject: FW: http://www.multibriefs.com/briefs/pc...olicy_1-11.pdf
Peter,
Based on the link you provided, it looks like you are interested in our new annual policy for DE Events. The policy is expected to be available in mid-February and we hope to have the pricing model and quote process available by the first part February. Please check the website that was in the bottom right corner of this notice at that time or watch for another announcement with specific dates. Thanks for your interest.
Fredric A. Knuth
Assistant Vice President
Account Executive
Lockton Affinity
7300 College Blvd., Suite 500
Overland Park, KS 66210
Phone: 913.652.7529
Fax: 913.652.4529
E-mail: fknuth@locktonaffinity.com
All Programs administered by Lockton Risk Services, Inc.
01-27-2011, 03:13 PM
#24
Rennlist Member
I know this has been discussed often, but I was wondering about possible new companies offering HPDE / track insurance.
The last 2 years I had my '07 GT3 covered by Prosure, sold by Harbor American Specialty Brokers, underwritten by Lloyds in London.
Never used it, so not sure how good it is, but I think reputable.
I was informed yesterday (New car coming.) that when my policy, underwritten by Lloyds will not be renewed when it expires in October.
Cross Post
I paid $4K last year and 3K this year and filled in that I do about 12 events a year.
Does anyone else have a policy from them, or an agent who uses Lloyds?
What are you guys getting quoted now and where?
I know about Lockton Affinity and their PCA program, but they quote per event and I am looking for cheaper annual coverage.
I know (proven) insurance companies that will cover your car on track for instructional purposes and if I can not get affordable HDPE / track insurance I should switch to at least improve my chances compared to Allstate who has it in my policy that they will not cover the car on track.
Thanks!
The last 2 years I had my '07 GT3 covered by Prosure, sold by Harbor American Specialty Brokers, underwritten by Lloyds in London.
Never used it, so not sure how good it is, but I think reputable.
I was informed yesterday (New car coming.) that when my policy, underwritten by Lloyds will not be renewed when it expires in October.
Cross Post
I paid $4K last year and 3K this year and filled in that I do about 12 events a year.
Does anyone else have a policy from them, or an agent who uses Lloyds?
What are you guys getting quoted now and where?
I know about Lockton Affinity and their PCA program, but they quote per event and I am looking for cheaper annual coverage.
I know (proven) insurance companies that will cover your car on track for instructional purposes and if I can not get affordable HDPE / track insurance I should switch to at least improve my chances compared to Allstate who has it in my policy that they will not cover the car on track.
Thanks!
also from what i was told metlife covers any damage on a non-racing events so unless you club race - regular DEs should be covered.
01-27-2011, 05:51 PM
#25
Seriously, if I killed them singlehandedly then better to know sooner than later. Curious to see what Lockton Affinity comes out with in their multi-event coverage. Need GT2RS coverage...
The other GT2RS owners better lock it in ASAP...
01-27-2011, 06:03 PM
#27
Rennlist Member
Thread Starter
State Farm has a clause that specifically provides that you are not covered on a racetrack.
01-27-2011, 06:12 PM
#28
Rennlist Member
High Point Auto Insurance specifically covers DE's. They have made presentations at our NNJR-PCA meetings and this is their claim to fame - they cover DE's.
www.highpointins.com
www.highpointins.com
01-27-2011, 07:05 PM
#30
Someone mentioned a while back another company that covered DE that wrote coverage in many states, will someone kindly refresh my memory? High Point is only NJ. With that said, my local State Farm agent said they DO cover non-timed events. I know my friend LawJDC mentioned above he believes they do not. Frustrating to have these conflicting pieces of info.
Lol...
Lol...