Insurance Denied

[Phokaioglaukos]

I have State Farm under a policy that does not exclude DE, but come my renewal date in May the new policy will exclude DE. I thought long and hard about Laurel DE, read about their issues on Rennlist, noted that a number of Rennlist posters had made claims and received payment, talked with the GA-based race insurance agent who filed a claim against Laurel for selling insurance in GA without a license, talked with the GA insurance department examiner looking into enforcement proceedings against Laurel, talked with one of my clients in the insurance business, talked with Laurel and talked with Tom Bobbit about why PCA lends its name to Laurel's program.

My concerns with Laurel are that they are not licensed to sell insurance in PA (or any other state) and that their web site disclosures on their license status is a bit misleading. Mostly, though, the Australian insurance carrier that they say stands behind their policies does not have an AM Best rating, which every carrier should have. In short, others have posted that they have had satisfaction with Laurel, but I'm planning to drive without insurance because I think Laurel might or might not pay any claim I make. If they did not pay, I would have no recourse to a PA state insurance fund and could not practically expect to sue Laurel up in Canada or the Australian insurance carrier, if there is one, to obtain a recovery.