Last weekend while in the staging lane, I watched a 10 sec. 1932 ford coupe hit the near wall and then fly arcoss both lines and hit the opposite wall while just missing the car in the other lane. I wasn't to worried about wrecking the truck myself, but this wreck started me thinkin'

I called my insurance company and was told no coverage for racing at the track. With a $40,000 rig what is everyone doing(or not) for coverage?

Thanks,
Rob

My guess is everyone is rollin the bones

Any of that activity isn't covered under warranty,insurance,normal life insurance most likely too....etc.

When you crash do the Honorable thing and drag it into the parking lot and call a cop for a hit and run and hope the cameras are all broken!Other wise tow it home and put it out front and see above.

Now you girls run along,time to go racing! :driver:

But it would suck if someone crossed over and crashed ya. :eek:

I don't have that problem, most people can't keep up with me let alone hit me!! ):h ):h .

:lol:

I don't have that problem, most people can't keep up with me let alone hit me!! http://www.dieselplace.com/forum/images/smilies/hihi.gif http://www.dieselplace.com/forum/images/smilies/hihi.gif .

http://www.dieselplace.com/forum/images/smilies/lol.gifBring it! on Wed. http://www.dieselplace.com/forum/images/smilies/wink.gif You better load up on the giggly gas http://www.dieselplace.com/forum/images/smilies/biggrin.gif

Kylehttp://www.dieselplace.com/forum/images/smilies/rockon.gif

If you run into that problem, file a claim.

If they deny it, get an attorney and try again.

Most of what we do is "Test n Tune" and not actually racing, and even most who actually race, these are street trucks who's main function is not racing.

They will cover it if you roll it in the dirt driving 60mph drunk down a fireroad at night.

They will cover it if you are street racing in a busy residential area.

But they WON'T cover it if you play with your truck in a safe area???

Good thinking McRat
:thumb:

I was told no dice by my insurance but I agree with you Pat.

Insurance is a scam :mad: :rant:

If any of you saw that Yellow Z06 burst into flames from a nitrous backfire at the dragstrip, his insurance company covered the loss.

Last weekend while in the staging lane, I watched a 10 sec. 1932 ford coupe hit the near wall and then fly arcoss both lines and hit the opposite wall while just missing the car in the other lane. I wasn't to worried about wrecking the truck myself, but this wreck started me thinkin'

I called my insurance company and was told no coverage for racing at the track. With a $40,000 rig what is everyone doing(or not) for coverage?

Thanks,
Rob

Hello Rob,

Having past experience being a claims adjuster in the insurance industry, I hope I can offer some insight into how the insurance company works when it comes to these matters. Most insurance companies will not cover this type of activity due to the liability issue which arises due to injury, death, maim or dismemberment, etc., while you are participating in an event for which you are not a professional or properly licensed to do so. They regard these activities as dangerous and very damaging to their bottom line, which is to make money. If they had to pay off every claim for "Racing, 4-Wheelin, Dirtbike riding, etc., they would go broke. These so called "Weekend Warrior"
trysts are watched very carefully by licensed private investigators that work for the insurance company to protect their bottom line from the filing of "False Claims", which costs insurance companies billions of dollars. Filing a claim that is not legitimate is considered "FRAUD" and all insurance companies prosecute to the fullest extent of the law, which includes heavy fines and /or imprisonment or both depending on the state in which you live. Some insurance companies may cover your initial ,"First", claim because they may not have the knowledge that you are into this kind of activity yet, but subsequent claims will surely be investigated and denied. Also, all insurance companies look at your claims ratio, which consists of the total amount of premiums paid versus claims filed/paid. If you have more claims then premiums paid, most insurance companies will drop you from their coverage and not tell you why. It does not matter how long you have been a customer, you are costing them money, and hence, they are in the business of making money. Most insurance companies live by this creed, "When in doubt as to whether one should pay a claim or not, ALWAYS DENY IT FIRST!, because you can always go back and pay it later."

Rob, I hope this information helps you. Thank you for your time and attention!

BadMan. :cool2:

Hello Rob,

Having past experience being a claims adjuster in the insurance industry, I hope I can offer some insight into how the insurance company works when it comes to these matters. Most insurance companies will not cover this type of activity due to the liability issue which arises due to injury, death, maim or dismemberment, etc., while you are participating in an event for which you are not a professional or properly licensed to do so. They regard these activities as dangerous and very damaging to their bottom line, which is to make money. If they had to pay off every claim for "Racing, 4-Wheelin, Dirtbike riding, etc., they would go broke. These so called "Weekend Warrior"
trysts are watched very carefully by licensed private investigators that work for the insurance company to protect their bottom line from the filing of "False Claims", which costs insurance companies billions of dollars. Filing a claim that is not legitimate is considered "FRAUD" and all insurance companies prosecute to the fullest extent of the law, which includes heavy fines and /or imprisonment or both depending on the state in which you live. Some insurance companies may cover your initial ,"First", claim because they may not have the knowledge that you are into this kind of activity yet, but subsequent claims will surely be investigated and denied. Also, all insurance companies look at your claims ratio, which consists of the total amount of premiums paid versus claims filed/paid. If you have more claims then premiums paid, most insurance companies will drop you from their coverage and not tell you why. It does not matter how long you have been a customer, you are costing them money, and hence, they are in the business of making money. Most insurance companies live by this creed, "When in doubt as to whether one should pay a claim or not, ALWAYS DENY IT FIRST!, because you can always go back and pay it later."

Rob, I hope this information helps you. Thank you for your time and attention!

BadMan. :cool2:

It is only a "false claim" if you lie.

And they do not care if you hold professional racing licenses. Seems they didn't offer me a discount when I passed the Bondurant Grand Prix SCCA license course.

And you are right about "deny, deny, deny" on claims for many companies. That and deliberately paying you less than market value for damages is common as well.

Here's a little test for you. Go to the dragstrip and look at the cars. Count how many have body damage. Now go to a parking lot in a shopping center and do the same thing. Seems you're going to find more evidence of accidents on "normal" driver's cars.

What irks me more than anything is that they cover street racers. Talentless boobs, often drunk, who lack common sense, judgement and any sense of consequence get coverage, but they think they can deny "racing" at a track? I'm sure they are aware that street racing fatalities/injuries are common, yet fatalities/injuries at the dragstrip are pretty rare.

Either way, should you get into trouble at the dragstrip, don't lie, but don't stick your neck in a noose either. You are only "racing in competition" if you file that on your taxes as a source of income. Otherwise, you are doing performance testing or driving.

My guess is that they won't take it court before they settle the claim. But I don't personally know, as I've only been drag racing since the 1970's and have yet to have an accident. In that same period I've had several people run into my cars/bikes on the roads where it is "safer".

Inurance is the biggest scam going. The thing that really blows is you gotta have it. Unfortunately, they got us by the balls.

Check with your local track. Track insurance usually has $20,000 medical and the same for AD&D. DHRA also offers disability-those same motorsports insurance providers offer race vehicle insurance. I'm sure for a pretty penny.

i also agree that insurance seems to be a scam in some ways. we pay these high premiums every year and pray that you dont need to use them. anyways, it would never happen in any of our lifetimes...but would it be good that you would get reimbursed let say 75% of your premium every year if you didnt file a claim. now i know that i'm dreaming, it will never happen, like the one guy said, they are in the business to make money. what really gets me, i work as a medic in the city and it seems like 40% of the car accidents we respond to, it seems that one or both have no insurance, we all pay for those morons.

It's organized gambling.

It simply comes down to offering a service and betting that what they're insuring against won't happen. They fulfill the contract if the event happens; if it doesn't happen, they take your money and stick it in their pocket.

The REAL trick is, knowing your statistics well enough to know how to place their bet. That's why the insurance companies have thousands of geeks called actuaries (actually they are some of the smartest people I know) that figure it all out.

So just like Vegas casinos and whatnot, there are rules you play against. If you break their rule, you lose coverage. So it would seem rather handy to make as many rules as possible, to to give them the upper hand in taking in and not paying out.

It's the art of betting that something will or won't happen. Plain and simple.

The thing they have on their side is millions of insured people, so that the statistics of large numbers take over. That's good when you buy a life insurance policy and die a month later and rake in $100k or whatever. It's bad when you pay all your life and die at 100; they made money on you.

What sucks is, they know how to play the game way better than we do!

Bring it! on Wed. http://www.dieselplace.com/forum/images/smilies/wink.gif You better load up on the giggly gas http://www.dieselplace.com/forum/images/smilies/biggrin.gif

Kylehttp://www.dieselplace.com/forum/images/smilies/rockon.gif

No money for the funny stuff, or to race for that matter!!! I'll come down to watch!!!