AudiOn19s

I couldn't agree more. Hurts us all in the end


Andy

Geoffrey

"i think we may start to see more wrecked cars on the road that "mysteriously" spun and crashed no joke though, i've heard of people doing this before and i'll bet that these instances are going to increase if coverage is completely dropped from the track."

That is called insurance fraud and comes when people refuse to take responsibility for their own actions.

Gary R.

Absolutely! If you can't afford to either properly insure or absorb the cost of wrecking then my advice is stay off the race track. While DE's are relatively safe it's still triple digit speeds and driving near the limit. Thinking a standard car insurance policy is going to cover you anymore is quite wishfull.

38D

Geoffrey said is perfectly.


And despite what some may think, DEs still have a much higher incident rate than street driving. My back of the envelope math has always bee that there is a 1-2% incident rate at DEs (vs. the 4% in club racing...a number that is published btw). Can you imagine if we all had incidents on the road every 6 months?

Bull

And, the person attempting to commit the FRAUD had better hope that they are unanimously loved by every person who attended the event where the incident took place, and further that there are no attendees who simply want to tell the truth when questioned. Insurance companies (and some States), are using Investigators more each day, particularly in claims with one car involved and no witnesses, while leaving the scene of the single car accident brings another level of scrutiny usually. Add to that the fact that there is a paper trail of each incident created at DE events (PCA required with reporting to National).

Bull

Every 6 months?

Jerseybean

Do you think this will have a negative effect on people attending DEs, will we see less people attend as a result - although most people make assumptions and never check their policies until it's too late.

Bull

I don't think so in the short run, for the reason you sited. I think there are at least two areas to watch, those coming out for the instructed groups, and those in the upper run groups.

Bull

Not sure that the street rate vs. the track rate matters....but, the latest numbers published by the Insurance Research Council show that there are 4.13 accident claims per 100 insured vehicles annually (National average).

mitch236

Two things will probably happen as DE becomes more popular. 1) Insurance companies will include language to disqualify ANY track event damage. 2) Since so many people will want a seperate rider to cover the track, there will be enough demand to make a DE rider cost effective and then it will be offered.

Remember insurance companies want to insure you. They also want to make money doing it.

And I agree that insurance companies are becoming wise to the car that gets towed off the track property and then claimed. They will investigate the larger claims because it is cost effective to do so, and they will make an example of the first few to disuade any further attempts so be careful.

dave morris

[QUOTE=mitch236 ... insurance companies are becoming wise to the car that gets towed off the track property and then claimed. [/QUOTE]

This is a very troublesome statement because it implies that this kind of fraud is going on. I have never heard of anyone even dreaming of being this dumb. Fraud is a serious matter.

Phokaioglaukos

Insurance adjusters in the area of Watkins Glen are well familiar with the WGI blue that coats the armco around the track. I'm told they see it in a surprising number of single vehicle incidents supposedly on public roads. Fraud is serious and there is a good chance of getting caught!

JayP

Just to think in the early days of DEs (mid-90's) we had a State Farm Agent at events passing out freebees.

I dropped SF after 20 years if coverage. I even was one of the 'no-drop' clients. Car and home insurance was insane and the new agent was an ***... we went to Farmers.

Since then I've bought a track-mostly, street-legal 944 with liability only coverage. If I wad it, then I take a cab home. Wife may insist I take to cab to a hotel though.

If insurance companys were smart and paying attention to the last 10 years or so, they would have seen the need to insure these Z/WRX/EVO/S2000/M3/S4/911/unameits for the 4 or 5 times they hit the track. Weekend coverage for what? $100 per day? Is that worth you're $45k BMW? Is that worth avoiding fraud/fines/jail?

Jack up the premiums to be inline with the risks. All it would take is a guy eating a WRX for everyone in that region to see the benefits.

softright

Interesting that this thread has focused on material loss only. So you decide you can write off your "track" car and carry no insurance since you trailer it to the track. Then someone gets killed or seriously injured in a "write-off" situation. What happens then - does everyone get sued for everything they own? If they won’t pay for a car involved in a track incident, they certainly won’t pay for incident liability.

Phokaioglaukos

Property damage or bodily injury, once my State Farm coverage ends on May 10, 2007, I will have no insurance for these losses, BUT the PCA waiver should protect me from liability to third parties (and third parties from my claims). Every driver for himself, in effect, standing on his own bottom responsible for his own losses with his own assets.