Insurance and drag racing
08-13-2006, 08:22 PM
#12
2nd Gear Member
Join Date: Nov 2005
Location:
Posts: 334
RE: Insurance and drag racing
Your dad is right, your standard auto insurance policies from State Farm, Farmers, Allstate etc. DO NOT cover your vehicle if it is damaged at a race track. Also, if you damage your car where it might need repairs like suspension, motor, transmission etc Ford will NOT cover it if they know you have been racing it in any manner.
You will have to find insurance specifically for racing. A good friend of mine a few years back took his brand new Vett to the track to race it and ended up smacking the wall real good which basically screwed the whole left side of his car up. The next morning he called his insurance which I believe was Allstate and told them he had hit a guard rail trying to miss a deer.
His agent asked ”So that damage didn’t happen when you smacked the wall at New England Dragway?”. Busted and also was immediately canceled from Allstate. Insurance companies and auto dealers are more and more sending representatives to local tracks taking plate numbers of those racing so when they do try to claim something happened they can deny them…
I say good for them as I don’t want my rates jacked up because people don’t take responsibility for their actions.
”You gotta pay to play…”
You will have to find insurance specifically for racing. A good friend of mine a few years back took his brand new Vett to the track to race it and ended up smacking the wall real good which basically screwed the whole left side of his car up. The next morning he called his insurance which I believe was Allstate and told them he had hit a guard rail trying to miss a deer.
His agent asked ”So that damage didn’t happen when you smacked the wall at New England Dragway?”. Busted and also was immediately canceled from Allstate. Insurance companies and auto dealers are more and more sending representatives to local tracks taking plate numbers of those racing so when they do try to claim something happened they can deny them…
I say good for them as I don’t want my rates jacked up because people don’t take responsibility for their actions.
”You gotta pay to play…”
08-13-2006, 08:32 PM
#13
2nd Gear Member
Join Date: Mar 2006
Location:
Posts: 441
RE: Insurance and drag racing
Anyone thinking about covering up a wreck at the track by claiming they hit a tree, deer, etc. needs to know that the insurance companies have hundreds of ways you have never even heard of to catch you.
Unless you want too room with "Bubba" at the State Pen, think twice.
Unless you want too room with "Bubba" at the State Pen, think twice.
08-13-2006, 08:48 PM
#14
I ♥ Acer
Join Date: Aug 2006
Location:
Posts: 134
RE: Insurance and drag racing
u tell the insurance that u hit a tree. thats all great and stuff, but i can tell u that a friends dad works for state farm and this has happened before... just about all accidents not involving another vehicle are investigated. u can go to jail for a pretty long time for insurance fraud.
08-13-2006, 08:48 PM
#15
3rd Gear Member
Join Date: Jun 2006
Location:
Posts: 713
RE: Insurance and drag racing
ORIGINAL: Sonic Boom NH
Also, if you damage your car where it might need repairs like suspension, motor, transmission etc Ford will NOT cover it if they know you have been racing it in any manner.
”You gotta pay to play…”
Also, if you damage your car where it might need repairs like suspension, motor, transmission etc Ford will NOT cover it if they know you have been racing it in any manner.
”You gotta pay to play…”
08-13-2006, 08:53 PM
#16
5th Gear Member
Thread Starter
Join Date: May 2006
Location: Florida
Posts: 3,881
RE: Insurance and drag racing
ORIGINAL: cekim
Excellent points - cars are an expensive hobby if you had not noticed... be careful...
Excellent points - cars are an expensive hobby if you had not noticed... be careful...
08-13-2006, 08:56 PM
#17
I ♥ Acer
Join Date: Jun 2006
Location:
Posts: 675
RE: Insurance and drag racing
It's funny that when state farm overcharged all it's policy holders a few years back and got caught cheating people, no executives went to jail. You could always really hit a tree or guard rail, whatever.
ORIGINAL: dirtysanchez
u tell the insurance that u hit a tree. thats all great and stuff, but i can tell u that a friends dad works for state farm and this has happened before... just about all accidents not involving another vehicle are investigated. u can go to jail for a pretty long time for insurance fraud.
u tell the insurance that u hit a tree. thats all great and stuff, but i can tell u that a friends dad works for state farm and this has happened before... just about all accidents not involving another vehicle are investigated. u can go to jail for a pretty long time for insurance fraud.
08-13-2006, 08:59 PM
#18
5th Gear Member
Thread Starter
Join Date: May 2006
Location: Florida
Posts: 3,881
RE: Insurance and drag racing
ORIGINAL: GTlust
It's funny that when state farm overcharged all it's policy holders a few years back and got caught cheating people, no executives went to jail. You could always really hit a tree or guard rail, whatever.
It's funny that when state farm overcharged all it's policy holders a few years back and got caught cheating people, no executives went to jail. You could always really hit a tree or guard rail, whatever.
ORIGINAL: dirtysanchez
u tell the insurance that u hit a tree. thats all great and stuff, but i can tell u that a friends dad works for state farm and this has happened before... just about all accidents not involving another vehicle are investigated. u can go to jail for a pretty long time for insurance fraud.
u tell the insurance that u hit a tree. thats all great and stuff, but i can tell u that a friends dad works for state farm and this has happened before... just about all accidents not involving another vehicle are investigated. u can go to jail for a pretty long time for insurance fraud.
08-13-2006, 09:00 PM
#19
I ♥ Acer
Join Date: Jun 2006
Location:
Posts: 675
RE: Insurance and drag racing
ORIGINAL: Sonic Boom NH
I say good for them as I don’t want my rates jacked up because people don’t take responsibility for their actions.
”You gotta pay to play…”
I say good for them as I don’t want my rates jacked up because people don’t take responsibility for their actions.
”You gotta pay to play…”
08-13-2006, 09:06 PM
#20
3rd Gear Member
Join Date: Jun 2006
Location:
Posts: 713
RE: Insurance and drag racing
ORIGINAL: GTlust
It's funny that when state farm overcharged all it's policy holders a few years back and got caught cheating people, no executives went to jail. You could always really hit a tree or guard rail, whatever.
It's funny that when state farm overcharged all it's policy holders a few years back and got caught cheating people, no executives went to jail. You could always really hit a tree or guard rail, whatever.
Yeah, I keep hearing people talking about the "wealth gap" as if capitalism is failing, but really is is just that we don't put people "in with Bubba" for stealing billions like we should...
Perhaps if it were a little harder to steal billions and get away with it, there would be fewer people on the Forbe's list (and yes creative accounting, hiding expenses in toilet paper like stock option grants count as "stealing billions" in my book)
That said - for now - YOU get "Bubba" for the tree trick and CEOs get a polite letter asking them not to do that again... You have to take the reality presented to you and work within it...
