Suggestions for track event for first timer near Atlanta

[evanescent03]

While we've been on this topic of insurance and racetrack...

If you have not yet gone faster than 135mph and you plan on having life insurance (or renewing soon), make sure you do so before you go faster than 135. I'm not sure why it matters so much, but the cost difference for my life insurance was about 80%. The next barrier is 155mph, and that's where you become almost uninsurable. Some policies even have it written that if you get caught doing more than 135 on the street or over 155 on "closed roads" they can default deny your policy payout.

Very interesting information, thanks for sharing! Another win for the Miata gang. Taking a ZR1 at VIR is sounding even more expensive haha.

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[SilverRocket]

While we've been on this topic of insurance and racetrack...

If you have not yet gone faster than 135mph and you plan on having life insurance (or renewing soon), make sure you do so before you go faster than 135. I'm not sure why it matters so much, but the cost difference for my life insurance was about 80%. The next barrier is 155mph, and that's where you become almost uninsurable. Some policies even have it written that if you get caught doing more than 135 on the street or over 155 on "closed roads" they can default deny your policy payout.

maybe it works differently down in the States versus Canada but good to know. Just to be clear, if you do 136 and then a week later in a completely different scenario a piano falls on you head, can they deny you just because you went over at any point in your life?

The craziest part and I've mentioned this in other threads, on paper I'm a model citizen. 18+ years insured through my late teens and twenties with zero claims and only 2 minor speeding tickets in all those years.

However if they had my telemetry, by their (stupid) metrics, I'd be considered an uninsurable degenerate because like most here, we find ourselves in the outliers pool.

 

[Victorofhavoc]

maybe it works differently down in the States versus Canada but good to know. Just to be clear, if you do 136 and then a week later in a completely different scenario a piano falls on you head, can they deny you just because you went over at any point in your life?

The craziest part and I've mentioned this in other threads, on paper I'm a model citizen. 18+ years insured through my late teens and twenties with zero claims and only 2 minor speeding tickets in all those years.

However if they had my telemetry, by their (stupid) metrics, I'd be considered an uninsurable degenerate because like most here, we find ourselves in the outliers pool.

Technically yes, they can deny you in that instance. Worse than that, if they paid anything out and find out you lied at any point, they can force you or family to give it back. Very bad optics for them if they do, especially if your family argues "they" didn't sign arbitration and therefore are willing to sue.

Insurance is the devil, honestly. I really think for-profit insurance companies should be illegal or there should be crowdsourced insurance panels, but I'm a lunatic that also believes all people are equal and ethics and morals are tenants of society.

While you might be the ideal insurance consumer (and that may be true in Canada as a customer), the insurance companies really love the people that make claims. They get to deny and drop people when it's too expensive, and when it's low risk/cost they pay out and then raise your rates. Once they have enough people's rates bumped so there's a higher cost average, they "market adjust" everyone else to pay more too. It's a great racket to be a part of since it's government mandated you carry an insurance plan and they get to set what they cover and how much.

 

[SilverRocket]

Technically yes, they can deny you in that instance. Worse than that, if they paid anything out and find out you lied at any point, they can force you or family to give it back. Very bad optics for them if they do, especially if your family argues "they" didn't sign arbitration and therefore are willing to sue.

Insurance is the devil, honestly. I really think for-profit insurance companies should be illegal or there should be crowdsourced insurance panels, but I'm a lunatic that also believes all people are equal and ethics and morals are tenants of society.

While you might be the ideal insurance consumer (and that may be true in Canada as a customer), the insurance companies really love the people that make claims. They get to deny and drop people when it's too expensive, and when it's low risk/cost they pay out and then raise your rates. Once they have enough people's rates bumped so there's a higher cost average, they "market adjust" everyone else to pay more too. It's a great racket to be a part of since it's government mandated you carry an insurance plan and they get to set what they cover and how much.

I don't think the for profit is the evil part, it's the maximum profit at any cost that's bad and it's the government who has failed us thanks to lobbying.

I could completely understand if they have carve outs for high risk activities. If you accidentally kill yourself driving way too fast or if it's, skydiving, bungee jumping, white water rafting, etc... I would find it acceptable that a distinct list they put in your face at the time of signing would be totally reasonable to not pay out if you die in those situations. But let's say you go white water rafting, get back to shore and you trip and fall in the parking lot heading home. The person hits their head and dies. That's criminal if they can use the previous activity to deny life insurance and it's truly retarded that they can use an unrelated event to weasel their way out of paying.

In my books it's the same as insurance fraud but by the insurer instead of the policy holder. That's where governments have failed their representatives.

I'm overly simplifying for the sake of brevity but I view society as a giant game of rock paper scissors. People should have power over the government, which in turn has power over businesses which have power over individual people given the great difference in financial power. What has happened though is the corruption of our system where in multiple domains they've essentially teamed up to F over the people.

 

[Victorofhavoc]

I don't think the for profit is the evil part, it's the maximum profit at any cost that's bad and it's the government who has failed us thanks to lobbying.

I could completely understand if they have carve outs for high risk activities. If you accidentally kill yourself driving way too fast or if it's, skydiving, bungee jumping, white water rafting, etc... I would find it acceptable that a distinct list they put in your face at the time of signing would be totally reasonable to not pay out if you die in those situations. But let's say you go white water rafting, get back to shore and you trip and fall in the parking lot heading home. The person hits their head and dies. That's criminal if they can use the previous activity to deny life insurance and it's truly retarded that they can use an unrelated event to weasel their way out of paying.

In my books it's the same as insurance fraud but by the insurer instead of the policy holder. That's where governments have failed their representatives.

I'm overly simplifying for the sake of brevity but I view society as a giant game of rock paper scissors. People should have power over the government, which in turn has power over businesses which have power over individual people given the great difference in financial power. What has happened though is the corruption of our system where in multiple domains they've essentially teamed up to F over the people.

Knowing a condition before you sign is the difference. I signed my policy when I was going under 135mph. Now that I've done 155+, if I sign again saying I haven't done more than 135, I'd be committing fraud. They'd have to work to prove it but a few YouTube videos would lead them there. It's like someone lying they don't go sky diving, but then fall out of the airplane when it's on the ground and die. Being present at the place was a function of the lie. They can technically deny coverage on that account.

It's part of why I pay a little more, because I wanted to ensure I was covered on track, so if I die out there, my wife and kids are taken care of for the rest of their lives.

It's a pay to play system, and it's fine as long as everyone is playing fairly.

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