I know this has been covered before, but after reading through many threads (here and on RL) I could not find an answer.

I just renewed my policy with SafeCo and they changed the language to exclude losses incurred during DEs. Since I want to learn to use my car as intended , I would like to have it insured during the education process. Does any one specifically know of another insurance company that will cover you while participating in a DE? I know that there is track insurance, but given the expense I would rather exhaust the traditional route before exploring that option. BTW, I'm in GA.

On a side note: I know many of us participate in DEs, AutoX, and other educational events. Don't assume your covered during such events, at least take the time to read the exclusions in your policy.

 

Alex, I've done a bunch of research on this and the cost is going to depend on the state you live in. WSIB seems to be the best bet going for the money.

Mike

 

Mike, thanks for your response. I did manage to find a few companies (4) that will cover (or should I say not exclude) DEs. I will actually be saving some money by making the switch so I'm glad I went through this effort.

The biggest problem you have in determining if a DE is covered is getting past the CSR/Agent and getting them to actually speak to the underwriter. Most CSRs and/or Agents do not know the answer to this coverage question. Then, just to make sure, you need get them to provide you with the actual wording that excludes "racing events"-just to make sure. Even if you have the verbal OK from the Underwriter it's best to see it in writing, i.e. the policy context.

Several of the companies could not give me the actual wording until I actually bought the policy-that's like buying a car without test driving it first. But for those that did it was pretty clear if coverage was excluded or not. Here's a sample exclusion from one of the more restrictive companies:
Not much ambiguity there. Here's a sample of more preferred wording:Hope this helps.

 

The other issue is "# of events". That's what stopped me in my tracks with another company recommended by another member... 10 events... That could be 1 day or 3 days, but 10 events get's eat up quick if you're in someplace warmer (as you are!).

Mike

 

I'm simply using regular insurance that does not exclude DE activity specifically. I think the insurance you're referring to is specific to DE events.

I'm not sure if I'll get to 10 events this year, but I'll be pretty close if I don't.

 

Alex, Can you post a list of those you've found that support DEs?

Mike

 

Mike I don't want to post the company names because it may alert them to the fact that they have this exposure thereby increasing the possibility of them amending their exclusions. Further, each policy will vary by state, so a policy that works for me in GA may not work for you in VA. That's why I posted the methodology above, so that others will know exactly how to find the right coverage.

Also, I wouldn't say they "support DEs", I would say that DEs are not excluded. One of the agents said to me that the underwriter confirmed they would cover me in the event of an accident at a DE, but the underwriter also said they would likely drop me from coverage at the renewal following the accident.

Alex

 

That's the same exact thing my company told me... I'm covered, but I'll be shopping for a new company upon policy renewal.

 

what companies carry track or event insurance specifically??

MK

 

There is an ad in this month's Panorama.....not with me at work....perhaps another person can post it.
JB

 

Last time I checked the track insurance was fairly expensive and had a deductible of something like 30%. Is that still the case or are there better policies out there?

 

WSIB wsibnsurance.com 866.904.9742
page 8 Panorama

 

Prosure was something like 1850 for a 60k vehicle with one driver. Not sure on deductibles...just googled to find it.

Rolfjahn: thanks for posting the Pano ad.



JB

 

Friend of mine insured his 2007 GT3 with WSIB, and he told me it was $3500 for the season with a $5000 deductible. He lives in Virginia.