NORTH CAROLINA STATE FARM POLICY HOLDERS & TRACK AFFICIANODOS

I just assume that all major insurance carriers are not going to cover you on the track.

There are specialty insurers that do; not cheap and high deducible. But, at least your then covered. Otherwise, in an accident situation, you'll have to drag the carcass out to the nearest road and hope your normal insurer doesn't notice the nearby track.

 

Knew a guy that was racing show room stock SCCA years ago. Car was financed and insured as a street car. Wrecked pretty badly at track....towed out to a public road with very large drop off and sent rolling (after peeling off numbers)

 

Interesting. I'm actually surprised anything is covered at all.

 

Insurance fraud at its best. I'd hate to get caught doing that.

 

Oh Yeah. I am not condoning just reporting. I am sure you know the guy.

 

Yes, most carriers have exclusions against paying out 1st party coverage for any track incidents. I have a friend whose wife had a wreck at the drag strip and the other person died. Allstate paid on the 3rd party liability claims but refused to repair her car.

 

This wreck happened almost 20 years ago. The car was nearly new at the time and the owner collected a check for around $120K from his insurance company. More importantly, he had some bruises but no other injuries. BTW, the hood and driver's door opened normally. Porsche builds tough cars. He was going into turn 5 at Road America when he dropped his two right side tires off the track, spun and hit the retaining barriers on the other side of the track with the right rear. He hit the barrier so hard that he shoved it back about an inch or so causing the next barrier to act like a can opener on the side of the car.
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I suspect some uneven tire wear on the right rear.

 

Are you sure this applies if an instructor is in the vehicle with the driver? Previously, an HPDE event is o.k, with State Farm because it is absolutely not wheel-to-wheel racing and has a high degree of instructor participation.

 

Well they recently wrote a check for well over 300K to one of my customers after a very lengthy back and forth. I'm sure this was the "last nail" as it were.

 

Work at an exotic, sports and luxury collision repair shop. Have seen the regular major insurance cmpanies payout on many accidents that occured at the track. Most have clauses exculding 'timed events' but since HPDE's and many instructor track days aren't timed, you are covered. How StateFarm is going determine 'high rate of speed' sounds very suspect to being subjective in their favor.

SnakeFarm is quickly becoming the worst for being cheapskates often leaving our customers paying the difference (exotic and/or prevailing labor rates, frame machine jig rental, their network of cheapo remanufactured, junkyard and aftermarket parts that don't fit, .....) all the other major insurance pays.

 

Cryptic post. Fixed it for you.

The recent trend for StateFarm is to ignore industry and manufacturer standards to cut costs that every other insurance company is paying. Would you want your wife driving a car repaired by a Statefarm estimate written to save them $ or would you want her driving it repaired to manufacturer standards? The gap between them is growing.