Quote:
Originally Posted by CSBM5
This is not correct across the board by any means. We have a insurance regulated at the state level environment, so that supersedes what any insurance company may or may not want to do. Most all insurance companies have stopped covering driving events which occur on or at racetrack facility (and most assuredly those that are timed as you point out). In most all states, the required policy coverage now precludes that coverage also.
North Carolina was a hold out for many years for example. No insurance company is allowed to issue a policy that isn't boiler plate regulated, and for ages after companies stopped covering HPDE, etc, events, NC policies still did not allow such coverage to be excluded. That all changed 3 years ago, and now *all* policies in NC specifically exclude coverage for any event at a racetrack facility (even a driving event that doesn't specifically occur on the track) for all collision, comprehensive and essentially all liability coverage. You are only allowed the minimum level of liability coverage in such an event ($32k), and no umbrella liability policy will be activated, so they aren't useful either. Note that the policy language is such that even if you incur a liability event in the paddock (i.e. back over a person or something), you are not covered at the normal rates (only the reduced $32k level).
Other states have similar regulations, so it's very important that everyone carefully read their latest policy statement and keep up with what is happening at their state level regarding insurance coverage.
Given how waivers have been challenged (and won against) in court regarding HPDE loss of life, everyone should understand that in the worst case scenario, worrying about coverage for your own car (which is all that the track day insurance policies cover) can be a very small sum versus the potential liability claim.
By the way, this "waiver" at the PC was like that 14+ years ago when I did PC delivery of my E39 there. It's nothing new. Whether in the worst case scenario it would standup in court is another question however.
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Good advice here about what is assumed vs. what should not be assumed and properly reviewed.