I'm not off base and this will be my last post on this thread as I am quite comfortable with my position on this,Originally Posted by FeverMike
First off I NEVER said speed was my issue with this incident, it was the statementand as Fred stated it will be up for debate for a while I'm sure, but to me dealing with insurance companies daily i know the lenghts they go to to save money. Ask any person that has gotten cancelled as their tag was written down at a drag strip, you can say it doesnt happen but i've seen it first hand. My rates went up 10% this year for no reason, I have no claims, am 42 years old have a spotless driving record, own two business and pay more tax than the avg person.
Secondly to address your issue of speed, you state yourself that your accident happened when another driver came in your space, the canopied race boat is the only boat on the water? So I guess the other 100 or so participants werent there? We are indeed comparing apples to apples and you are just wrong.
These are the limits of my policy from Ace, if you want to verify them call Sy goldberg;
" No coverage is afforded under this policy for any loss or damage caused by or resulting from any accident during any race or speed test"
With foolish statements flying around and the insurance company trying to save 150k just on my boat alone, do you realize if they denied the claim how much a person would have to pay to fight them in court? not to mention all the costs of fixing the boat if you lose and even to keep up payments and insurance during the down time? all they have to say is you were on a "poker run" and according to this statement it is a test of speed. "claim denied". so the next statement is how will they know you were in a poker run, well sure enough, there is enough pics around and people talking...In case you didnt know the majority of private investigators are employed by insurance companies to track fraud. then you get nailed for filing a false report? wouldnt it be better for a few people to just restrain their egos instead of potentially ruining things for everyone...think it can't happen, go to mcdonalds and spill some hot coffee on yourself.