State Farm to drop HPDE coverage
#31
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Location: Alexandria
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If you try to claim an accident on track, your rates are probably going to increase significantly, and you're probably going to get dropped/not renewed the next time the insurance company gets a chance - plus be paying higher rates wherever you go. It's not that surprising that they are moving that up front. I am with SF and wouldn't drop them because of this.
Best insurance policy for track events is still having a cheap "disposable" track car. That or flubber
john
Best insurance policy for track events is still having a cheap "disposable" track car. That or flubber
john
#33
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Originally Posted by ButtDyno,Nov 22 2006, 09:38 AM
If you try to claim an accident on track, your rates are probably going to increase significantly, and you're probably going to get dropped/not renewed the next time the insurance company gets a chance - plus be paying higher rates wherever you go.
#34
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Same thing happened to another guy I know, whose left rear tire blew just at apex of T9 at Pacific Raceways. Boom, right into the Jersey barriers on track right. Brand new car totalled. Insurance company paid without a whimper. Rates increased when he replaced it with an identical car, but not cancelled.
Actually, a wreck at the track probably is quite preferable to a wreck on the public roads. It's more likely to be a one-car accident, and less likely to involve medical and/or litigation costs. In this case, the insurance company lost around $15,000 (carcass sold for a lot of money).
All this contributes to my now tracking a fully-race-prepared Miata, instead of my S2000.
Actually, a wreck at the track probably is quite preferable to a wreck on the public roads. It's more likely to be a one-car accident, and less likely to involve medical and/or litigation costs. In this case, the insurance company lost around $15,000 (carcass sold for a lot of money).
All this contributes to my now tracking a fully-race-prepared Miata, instead of my S2000.
#35
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After seeing this thread, I read my policy from State Farm (I'm in Michigan BTW). It says that same thing that yours does mikegarrison.
Next year when I turn 21 and will be forced to get my own insurance policy (currently I'm on my parents), probably the most important thing I will be looking for is whether or not HPDEs are covered or not.
Next year when I turn 21 and will be forced to get my own insurance policy (currently I'm on my parents), probably the most important thing I will be looking for is whether or not HPDEs are covered or not.
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