clinehall wrote:
Liability Exclusion B.3. is being added to exclude liability coverage in excess of the minimum limits required by the financial responsibility law of North Carolina for damages arising out of any prearranged, organized or spontaneous racing contest, speed contest, demolition, stunt activity or competitive driving event (including any practice or preparation for such an event). The exclusion also excludes liability coverage in excess of the minimum limits required by the financial responsibility law of North Carolina for damages arising out of the use of a vehicle at any facility designed for racing or high performance driving, unless it is being used for purposes other than high speed or high performance driving.
That means the minimum state required amounts regardless if your policy has higher than minimum requirements-to use your words.
The policy has always had this wording in the event of pre-arranged racing or theft. This is another reason to have underinsured motorist coverage on your policy
Who is the yahoo that writes this crap? Is the royal "IT" in the bolded sentence the car or the facility? If I run someone over in the parking lot while attending a NASCAR race at Lowes Speedway, am I covered, or not covered? The facility is most certainly being used for racing. The car, not so much.
If there is a swap meet in the Speedway parking lot, then it's not ambiguous, but otherwise any halfassed attorney would have a field day with that writing.
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