Non-stock cars and canceled insurance....

Richard Casto · **Posted:** Fri Apr 02, 2004 11:42 am

Short article in Autoweek about a potential new trend...

http://www.autoweek.com/cat_content.mv? ... e=02910534

In short that article says that in Canada, State Farm insurance is canceling some policies if the owner has modified their car (lowered springs, etc.). Even those with totally clean driving records. They seem to be mostly targeting the import tuner market. This seems to not be a problem in the US yet, but people are watching with interest.

Obviously this could go just beyond the tuner crowd, but also impact those who have street legal cars that they modify for autocross, track, etc.

Tom Hoppe · **Joined:** Wed Aug 20, 2003 10:16 am **Posts:** 387

Geico got wind of me doing One Lap last year. I got a nice letter in the mail last friday describing that my collision and comprehensive is cancelled as of right now because I was racing my car on race tracks blah blah blah. I'm with coastal federal insurance now

-Tom

Matthew_Thomson · **Posted:** Fri Apr 02, 2004 1:44 pm

how do your rates compare tom?

Tom Hoppe · **Joined:** Wed Aug 20, 2003 10:16 am **Posts:** 387

$200 cheaper every 6 months then geico

-Tom

Todd Breakey · **Posted:** Fri Apr 02, 2004 5:26 pm

Richard you beat me to it. I jsut got through posting the link to the same article.

That could be very damaging to our sport, don't you think?

Marvin McBride · **Posted:** Fri Apr 02, 2004 6:06 pm

On a related note...If you are part of the Mazdaspeed team support program, every invoice comes with a sticker telling you that the parts are intended for off-road use only, and reminding you that competition voids the factory warranty on your vehicle. This is despite the fact that most cars that autocross (and time trial) are street legal, and even if the parts from Mazdaspeed are OEM stock replacements. Just a thought if you have a Mazda still under warranty - if you submit the two competition results to sign up for the Team Support Program, they have the data to void your warrantly.

Joseph Volk · **Posted:** Mon Apr 05, 2004 3:51 pm

Part of it has to do with the way that the Canadian Insurance companies are set up. You might find some more info here

AndersGreen · **Posted:** Mon Apr 05, 2004 4:33 pm

All of this is much worse if you are still making payments on the car, and thus *have* to have collision coverage.

When was the last time you heard of an insurance company going out of business? They seem to be making pretty good money.

On a different note, I've long thought that the SCCA should negotiate or create an insurance body for people who SOLO1/2.

Anders

THSCC Forums

Non-stock cars and canceled insurance....

Who is online