quote:

,let me know if you ever get a claim if any of your stuff is damaged in a "public" is processed

quote:

Originally posted by 1320racer:
My policy makes no such exemption for parking my rig/cars in "public" places...track, hotel, mall, restaurant, rest stop, etc.

I'm also not worried about a claim being denied as a friend of mine who posts here got a check for just shy of 6 figures.

quote:

Originally posted by 1320racer:
Don, what is the definition of "public" places and "long term"?

For the record, I spoke to Bill Horton yesterday and he confirmed my statements made in this thread are correct, I am covered at ALL times, ALL places except when my cars are racing on the track.

I am also forwarding my policy to my attorney this morning for review and confirmation.

quote:

Originally posted by 1320racer:
Don, what is the definition of "public" places and "long term"?

For the record, I spoke to Bill Horton yesterday and he confirmed my statements made in this thread are correct, I am covered at ALL times, ALL places except when my cars are racing on the track.

I am also forwarding my policy to my attorney this morning for review and confirmation.

quote:

Originally posted by Don Kennedy:

quote:

Originally posted by 1320racer:
Don, what is the definition of "public" places and "long term"?

For the record, I spoke to Bill Horton yesterday and he confirmed my statements made in this thread are correct, I am covered at ALL times, ALL places except when my cars are racing on the track.

I am also forwarding my policy to my attorney this morning for review and confirmation.

A public place is generally an indoor or outdoor area, whether privately or publicly owned, to which the public have access by right or by invitation, expressed or implied, whether by payment of money or not, but not a place when used exclusively by one or more individuals for a private gathering or other personal.



.. Park Long-Term. DEFINITION Long term parking is defined as leaving a vehicle parked in the same public place continuously for a period of seven (7) days or more. for long term parking in increments of 30 day

quote:

Originally posted by Mike Beck:

quote:

Originally posted by Don Kennedy:

quote:

Originally posted by 1320racer:
Don, what is the definition of "public" places and "long term"?

For the record, I spoke to Bill Horton yesterday and he confirmed my statements made in this thread are correct, I am covered at ALL times, ALL places except when my cars are racing on the track.

I am also forwarding my policy to my attorney this morning for review and confirmation.

A public place is generally an indoor or outdoor area, whether privately or publicly owned, to which the public have access by right or by invitation, expressed or implied, whether by payment of money or not, but not a place when used exclusively by one or more individuals for a private gathering or other personal.



.. Park Long-Term. DEFINITION Long term parking is defined as leaving a vehicle parked in the same public place continuously for a period of seven (7) days or more. for long term parking in increments of 30 day

I told Bill that my trailer is normally left at the track, as do many, many racers do. Many tracks sell you pit spots for the year. Leave your trailer there, get to the track with your everyday driver, unload the race car out of the trailer and race.

Now, are we all leaving our stuff in public places? It is long-term, 7+ days at times between races. While they are in locked areas, it is not locked 100% of the time. There are many times the tracks open the gates for other events, though the trailers are left in-place.

I know many people that rent spots off-site at private businesses that have locked fenced-in areas that all the "renters" have a key and 24/7 access to. Are these considered public areas also?

There are plenty of people that own trailers but can not park them at their homes for various reasons. As one of the posters mentioned above, HOA's don't allow the riff-raff to keep trailers, boats, etc.... in their own driveways. CA is notorious for this.... So they are forced to find other places to keep these types of items. Many of them pay rent to keep them in secured lots, most of which have no alarm system, no cameras, just a locked gate. Those people out of luck for buying insurance?

quote:

Originally posted by Don Kennedy:

You know common sense is best about the storage issues and we can discuss what we would like to be covered and a insurance company can say the coverage but when a claim is made then a person will find out if it is covered or not , just use common sense is best. I have said how to make sure if there is a claim that your race car is covered and if some want to store their race car in a public accessible area is up to them to decide. There will be no definite way to really say until a claim is made . use common sense

quote:

anywhere except while on the race track competing, in the lower 48 and Canada per Bill and per my attorney

quote:

Originally posted by Mike Beck:

I told Bill that my trailer is normally left at the track, as do many, many racers do. Many tracks sell you pit spots for the year. Leave your trailer there, get to the track with your everyday driver, unload the race car out of the trailer and race.

Now, are we all leaving our stuff in public places? It is long-term, 7+ days at times between races. While they are in locked areas, it is not locked 100% of the time. There are many times the tracks open the gates for other events, though the trailers are left in-place.

I know many people that rent spots off-site at private businesses that have locked fenced-in areas that all the "renters" have a key and 24/7 access to. Are these considered public areas also?

There are plenty of people that own trailers but can not park them at their homes for various reasons. As one of the posters mentioned above, HOA's don't allow the riff-raff to keep trailers, boats, etc.... in their own driveways. CA is notorious for this.... So they are forced to find other places to keep these types of items. Many of them pay rent to keep them in secured lots, most of which have no alarm system, no cameras, just a locked gate. Those people out of luck for buying insurance?

quote:

Originally posted by MightyBirdF145:
Hi guys, I'll keep it simple. I'm the friend Ed speaks of......(no jokes, we really are friends)

October 2010, our 32' Motorsports trailer carrying 2 race cars, scooter, golf cart, tools and spares separated from our motorhome on I-76 just north of center city Philadelphia. The trailer basically ghost riding at 50mph ran headlong into a speed arrestor at the point of the Belmont avenue interchange. 50mph to an immediate stop. Our trailer is what Ed based his off of so you can picture how we carry everything....dragster backed in, lifted from the front and the door car driven in underneath. When the trailer came to its abrupt stop the rear straps on the door car broke and it slid forward and destroyed the dragster that was right above it and anything else in its path.

That was the bad news for the day, which in the grand scheme of things wasn't that bad. The good news was that the trailer didn't go down that exit ramp and into the intersection at the bottom of it. 8' to the right and we would be having a much different discussion today and our lives would've been changed forever regardless of insurance. Lives would've been lost without question.

The root cause of the accident was a combination of coupler failure & poor saftey chain design as determined by PA State Police accident investigators.

Damage all totaled was $120,000 and was covered by either of our 2 insurance companies.

Great American was the underwriter for the key off/paddock insurance that covered the Trailer/Racecar and was obtained through Bill Horton at Drag Racers Insurance.

Progressive was the insurer/underwriter for our motorhome.

Great Americans take was $102,000 of which we paid $5,000 in deductible and got a check for $97,000 which was split across the damage on the trailer and 2 race cars. (Cars/Trailer/Contents were insured for a combined amount of $120,000. Key off/paddock insurance. $50k dragster, $40k Firebird & $30k Trailer/Contents)

Progressive took the other $18,000 of which we paid $1,000 in deductible on. This was to cover the $5,000 removal/towing bill and the $13,000 speed arrestor that we destroyed.

I'm not being paid to say this but Bill Horton went above an beyond to make sure that we were taken care of but in the end its the underwriting company that will actually pay the claim. In our case the process worked to the letter of the policy that was written.

Bottom line, the insurance works if you have good documentation and you have a REAL CLAIM. Generally, if you got screwed by an insurance company you were getting a cut rate policy from a schlock underwriter or you didn't have a good claim and usually the price of the coverage dictates the underwriters ability and willingness to pay a claim. Ask your agent who the underwriter is and go see what type of rating they have. www.ambest.com Fortunately, we had lots of pictures, receipts, documentation and most importantly.....a REAL CLAIM. The process took a while but in the end we were covered and both insurance companies were more than fair with us.

What we learned in the process is that all of our stuff was severely under insured. The insurance companies valued everything at "list" price which is considerably more than we all pay. At the time if my trailer burned to the ground I would have only been paid out $120,000 (this amount was my choice not knowing anything other then what I thought I needed) when in actuality the stuff was valued by the insurance company after depreciation at $190,000. Since then we have adjusted our policy and I urge everyone to have coverage like this no matter what, most of the damage to this stuff happens off the racetrack and at just over $100/$10k of coverage its silly not to have it.

If you have any other questions I'd be happy to answer.

Shawn Fricke

quote:

Originally posted by Don Kennedy:

quote:

Originally posted by MightyBirdF145:
Hi guys, I'll keep it simple. I'm the friend Ed speaks of......(no jokes, we really are friends)

October 2010, our 32' Motorsports trailer carrying 2 race cars, scooter, golf cart, tools and spares separated from our motorhome on I-76 just north of center city Philadelphia. The trailer basically ghost riding at 50mph ran headlong into a speed arrestor at the point of the Belmont avenue interchange. 50mph to an immediate stop. Our trailer is what Ed based his off of so you can picture how we carry everything....dragster backed in, lifted from the front and the door car driven in underneath. When the trailer came to its abrupt stop the rear straps on the door car broke and it slid forward and destroyed the dragster that was right above it and anything else in its path.

That was the bad news for the day, which in the grand scheme of things wasn't that bad. The good news was that the trailer didn't go down that exit ramp and into the intersection at the bottom of it. 8' to the right and we would be having a much different discussion today and our lives would've been changed forever regardless of insurance. Lives would've been lost without question.

The root cause of the accident was a combination of coupler failure & poor saftey chain design as determined by PA State Police accident investigators.

Damage all totaled was $120,000 and was covered by either of our 2 insurance companies.

Great American was the underwriter for the key off/paddock insurance that covered the Trailer/Racecar and was obtained through Bill Horton at Drag Racers Insurance.

Progressive was the insurer/underwriter for our motorhome.

Great Americans take was $102,000 of which we paid $5,000 in deductible and got a check for $97,000 which was split across the damage on the trailer and 2 race cars. (Cars/Trailer/Contents were insured for a combined amount of $120,000. Key off/paddock insurance. $50k dragster, $40k Firebird & $30k Trailer/Contents)

Progressive took the other $18,000 of which we paid $1,000 in deductible on. This was to cover the $5,000 removal/towing bill and the $13,000 speed arrestor that we destroyed.

I'm not being paid to say this but Bill Horton went above an beyond to make sure that we were taken care of but in the end its the underwriting company that will actually pay the claim. In our case the process worked to the letter of the policy that was written.

Bottom line, the insurance works if you have good documentation and you have a REAL CLAIM. Generally, if you got screwed by an insurance company you were getting a cut rate policy from a schlock underwriter or you didn't have a good claim and usually the price of the coverage dictates the underwriters ability and willingness to pay a claim. Ask your agent who the underwriter is and go see what type of rating they have. www.ambest.com Fortunately, we had lots of pictures, receipts, documentation and most importantly.....a REAL CLAIM. The process took a while but in the end we were covered and both insurance companies were more than fair with us.

What we learned in the process is that all of our stuff was severely under insured. The insurance companies valued everything at "list" price which is considerably more than we all pay. At the time if my trailer burned to the ground I would have only been paid out $120,000 (this amount was my choice not knowing anything other then what I thought I needed) when in actuality the stuff was valued by the insurance company after depreciation at $190,000. Since then we have adjusted our policy and I urge everyone to have coverage like this no matter what, most of the damage to this stuff happens off the racetrack and at just over $100/$10k of coverage its silly not to have it.

If you have any other questions I'd be happy to answer.

Shawn Fricke

quote:

Originally posted by Mad Dog:

quote:

Originally posted by Don Kennedy:

You know common sense is best about the storage issues and we can discuss what we would like to be covered and a insurance company can say the coverage but when a claim is made then a person will find out if it is covered or not , just use common sense is best. I have said how to make sure if there is a claim that your race car is covered and if some want to store their race car in a public accessible area is up to them to decide. There will be no definite way to really say until a claim is made . use common sense

"Common sense" tells me if there is "no definite way to really say" if insurance coverage is in force UNTIL A CLAIM IS MADE then, that policy may not be the one you want...


Dan

quote:

has anyone ever actually made a claim with a race car insurance agency that can give first hand experience on the claim process and how it worked? Customer service of the claim, efficiency, etc.

quote:

Originally posted by I.P. Dailey:

quote:

anywhere except while on the race track competing, in the lower 48 and Canada per Bill and per my attorney

Well there you go. Mr I know everything has spoken