Hi, I have a scenario I'd like to run by you and would apprecaite some feedback. How far will Insurance companies go and is it legal if they were to find someone's motor sport profile on the internet. Would it be legal for them to raise your premiums for this reason? -Cheech'n
From what I understand, time spent at the track is not covered by insurance, so I think it doesn't matter as long as you behave on public roads? Source: My horrible memory, and possibly some sort of alcohol-induced dreamlike state.
From what I understand, coverage is for street only. If you damage something on the track, they will not cover a dime of it, nor should they. As for raising rates, I would think not simply because of the above. They're not covering you on the track, why would they charge you extra for it? That said, if you took damage on track, and made a claim saying it happened on street (i.e. lied), boo on you and they should charge you lots more.
Door to door, solo, timed? Depends on your carrier and coverage but I've always been covered during non timed non door to door motorsports events (farmers and american family). You can get get coverage for what some insurance companies consider "competitive" racing but its really expensive. Not sure about your question about changing your coverage, but I would guess yes if what they find clearly violates the terms of your current agreement.
Insurance companies will dig if need to. I just ran into a scenario where they actually pulled video from a gas station just to see if someone was there at a certain time. It would not merit an increase nor could they raise your premium for motorsports, they could deny claims if you are racing for monetary gain though. I hope this helps
Great feedback guys. Allow me to be a bit more specific. I currently instruct for two differnt Training organizations, I've been hesitating the idea of posting my background on the IE/their homepage for fear that it may cause unintended results with my Insurance everything from Life to Auto. I don't want them to see my profile picture and automatically think 2F2F lol
If it did, I'm sure there are plenty of other insurance companies that would gladly take your united states currency for insurance of your home and automobiles without hesitation and without a rate hike. In fact, I bet if you were with, say, AllState or AmFam or whatever, and they pulled something like that on you...you could probably call GEICO or Progressive and tell them what happened, and they'd probably give you the same or better rate, and then assure you that they don't do bull**** like that to their customers ever. Nothing says "Get ****ed" like taking your business to a competitor.
Insurance companies won't track you like that. Things only get looked into if/when you file a claim. If god forbid you died while racing cars on the track, your life insurance could possibly not payout. If at the time you purchased your life insurance you were already racing them it would be a misrepresentation and they would either pay a lesser amount or nothing. Auto insurance you shouldn't have a problem with as long as you were not paid or collecting a prize while on the track.
I was curious about that... So that has you covered for advanced car control clinics/HPDE events in general? What does the "prize" stipulation entail? What is the concept that you're trying to avoid by "prize"? Does it have to be a cash prize? It has to be non-competitive, non-pro, or what? I'm curious about something like TSD road rally where you're doing the speed limit most of the time, but you are technically "competing" in a formally sanctioned motor sports event on public roads.
The point insurance has a problem with is if you are using the automobile to generate income or a monetary gain. People don't actually realize but most insurance companies will not cover your personal car if you deliver pizzas or companies like Quicksilver. For those you need a commercial policy. But if you just take your car to the track for fun then you are covered.
So when your agent ask's "Do you enjoy motorsports? or racing" what should your answer be lol I know these questions are suppose to help them classify your life style to a Ranking of Risk so they can properly provide you a fair coverage/premium. I've noticed they're questions have become more bushy lol
Well, that's an awfully subjective question. Do I enjoy it compared to what? If they're not going to define the term, I will, and the answer is no.
My understanding is it's the Agent's job to asl these random questions to help the underwriters screen the applicant.
As agents we are required to "field underwrite" however for my company atleast , even if you said yes to motorsport and racing It wouldn't even make a difference. For life insurance it does however. It just means your a risky dare devil. Lol
What about if I list one of my hobbies as "jogging with scissors"? Will that affect my premium at all?
And when I get caught speeding doing 110 mph I can claim my gas paddle got stuck......lol Well thanks for the feedback MN3.6R I really apreciate it. I will be working overtime to reduce my digital trail. Most ppl don't know me and I'm going to keep it that way. So guys stop with the story telling I've never spooned with Cheney nor Clinton while they were in office.
I've actually told my insurance agent that I've been to many HPDE and that has actually gotten me a safe driver discount.
So then the next question would be what happens when you get in a accident with the pizza delivery guy?? Cuz you can pretty much bet the kid only has normal insurance on his car. I know that my company covers my car, but does my company get screwed because the guy basically doesn't have insurance?? Personally, I like running by the pool and for a little extra "excitement" I run with scissors next to the pool. I like living on the edge. Russ
My boss was a pro driver and instructor. His rates were cheaper than mine, so I doubt the insurance companies take track activities into account.
I was on the phone with my insurance agent the other day and mentioned that I was driving a lot less miles a day, hazily recalling some questioning about miles driven during a previous assessment. To which I was told that the number of miles someone drives does not factor at all, but their credit score does.
Interesting, because when I lowered my miles driven per year from 12000 to 3000, my insurance payment went down a little over 100 bucks per six months. While my credit score at the time of my account with geico was at around 720, and now that it is 790 it hasn't changed at all, nor has it reflected any differences to show that my score has changed.
The pizza guys insurance company may pay you, but they will not pay to fix pizza kids car. Worst case your insurance company sues him for a lifetime delivery of pizzas
I cannot speak for every company but there are usually mileage tiers i.e. 7-12, 12+. So for my company if you were rated ad driving 7k and you called and told me you now drive 3k a year, your rate would not go down. However from 10k to 7k would make a difference. Your credit score does impact your insurance rate, we call it an insurance score, it's more based on how you pay your bills, not as much about level or revolving debt and things of that nature, the point insurance companies have found is people who are less likely to pay their bills are more likely to file a claim.
My mom's insurance rates keep rising every 6 months, no additional tickets/claims/ect. She called to complain, first they stated that the Tsunami caused replacement parts for a Subaru to become more expensive. Now this time they had no idea why her rates jumped($100+ every 6 months). They ended up saying they have in the system that she live 15 miles each way from work, and changed it to ten. Her policy dropped almost $200 every 6 months by that change right there.
I'm not in the business of bashing other insurance companies, however that to me sounds like BS. 1. insurance companies are not required to put OEM parts back on your car, you can request it in MN however. 2. the miles to and from work do no TYPICALLY make a difference, but again I cannot speak for every company. Even if she does work 15 minutes away, if she only used that vehicle for work then her annual mileage would be low. 3. Making that change should not impact the rate that much, over $30/month for changing even your annual mileage would be impossible. I would recommend that she carefully look over her "old" policy and this "changed policy" and see if there is other differences.. You guys are going to keep me busy on here lol.
That's because insurance company's are backstabbing crimi...... I mean companies that everyone has to deal with. Russ
Thanks, I've been trying to tell my mom and step dad for years to change companies. Maybe someday when I am bored I'll dig thru their files.
LOL, The biggest thing I can recommend to anyone, is know what you have, and if you don't understand then you need to talk to your agent. And if they can't explain it, it's time to switch. Too many people just sign up for insurance online and feel they don't need an agent, and then when they have a claim they call 1-800 ###-#### and they get someone they have never talked to in their life and they need to file a claim and they "thought" they had a coverage or "assumed" they had one and now they are upset and feel screwed. Cheap insurance is great until you need to use it
Best advise I've seen on this subject. It seems like common sense that you should practice due diligence when choosing a company, agent, and policy, but most people don't. I've only switched twice but both times were because my agent couldn't. Explain a policy or billing change adequately.
These days you don't have to be pc savvy to shop smart, you just have to be willing to invest some time in shopping for the best service/coverage and ask the right questions. I've been with my old Insurance company for over 10 years until they just kept jacking up my rates for no good reason, even with my squeaky clean record. I stopped playing the loyalty game and decided it was time to leave. I thought I had a great relationship with my agent, but they didn't even send me a thank you or tried to follow up when I dropped them. The competition is very high these days with a lot more to choose from. The smart companies will provide you the best service even if you don't know them by first name basis. I still keep the contact of the brokers and agent's I've worked with should I start shopping again which is now at least once a year. At the end of the day it's a business.
