DE Insurance

[997S22]

Sorry, I was imprecise.  The coverage is actually issued by Bankers Standard Insurance Company, one of ACE's US companies. 


Please don't be asking so many questions that they decide to add an exclusion.  But I have as recently as 6 months ago had my broker directly ask the underwriter they deal with and reviewed the policy language.  I don't have policy language in front of me but you are OK if not racing or timed event... Saw a car trashed at Monticello a month ago and ACE (Bankers) paid claimant within days.


Updated - found my broker's quote of the underwriter's response to the question of on track coverage:

"With regard to the Porsche, the automobile policy will not pay for loss to a vehicle that occurs while it is taking part in, or practicing for, a speed contest. It also will not pay for any bodily injury, property damage or medical expenses arising out of the a vehicle accident that occurs while taking part in or practicing for a speed contest. That all being said, if Bob is on a race track with the Porsche, but is not taking part in, or practicing for, a speed contest, that his automobile coverage will apply."

 

We are careful to maintain that DE is not a speed contest or practice for a speed contest, so personally  I am comfortable with this language.  The fact that they paid promptly following the Monticello accident would seem to confirm this.