insurance question (std/ltd)

stupid question i know, but....
anyone know of an insurance company that will write short-term and/or long-term disability policies for those of us who choose motorcycle racing over shuffleboard in the park on sunday afternoons?
thanks in advance.

 

I am a financial advisor in Tennessee and sell long term disability, however no insurance company that I have been able to find will insure for racing. They might insure you but they will add a rider on stating they will not cover in case of injury involving motorcycle roadracing. I know it sucks because I race and I do have group long term disability but I also have an individual policy as well and they will not pay if I get hurt on the track. If you do not tell them on the application for insurance and something happens they can deny the claim. I even contacted some insurance companies that insure pro athletes and I could not find anyone to take on that risk. Good luck, if you hear of anything let me know.

 

I have short and long term disability and I am covered under the standard policy. I specifically ask our rep to produce written activities that would not be covered and Motorcycle Roadracing was not on it. Activities such as hot air ballooning, flying with someone who did not hold a commercial pilots license, Sky Diving all made the list. Since I have never used the coverage I can't remember who the coverage is with, but I am 99% sure it is New York Life.

 

I had a bad crash back in 1996. I was unconscious for 2 weeks, then months of rehab. The insurance at work (Blue Cross/Blue Shield) covered most of mine, and WERA's supplemental insurance covered the rest. I was on short-term disability during hospital and rehab.

I have great respect for Blue Cross/Blue Shield and my former employer paying for my injury during off-hours.

 

thats who I have and I called them and asked
them if i was covered on the track and they said yes.they have paid for all my trips also
and ankle surgery.ok paid for abou 80% but still better than nothing.
bluecross is for the most part good.
Ricky

 

I just tried to get on with Kaiser- Permanente and was turned down for my little Roebling Road fiasco. In spite of the fact that the injury was minor and I payed for it out of pocket, they insist that I would not "qualify" until one year after the incident. What BS!

I am currently checking into Blue Cross/Blue shield.

 

I have Kaiser, have since around 1979. Many wrecks, no problem. They pay 100% of accidents. Chris' brother was hit by a car when he was about 6 years old, spent two months in the hospital, 4 weeks in intensive care, they paid for all of it and now he's a healthy adult (with a wicked scar on his stomach, though.)



[This message has been edited by julrich (edited 01-08-2001).]

 

could you guys post those numbers. I neeed to get some insurance bad. Last year was like playing russian roliet. The company I work for has blue cross, but I asked them about racing and they said they would not cover it. Then I asked Josh Hayes and he has them for insurance....so I do not know what to believe. All these pro athletes insure their arms and legs and stuff we should be able to find someone that will cover roadracing.

 

My crash in 1996 cost Blue Cross/Blue Shield about $170,000.00 I got it through work, and there was never any questions about what I did away from work.

 

i've noticed most policies held through the workplace usually never ask about activities outside of work for it's holders. i think that's mostly due to it being a group plan purchased by the workplace. i know the insurance i had through my workplace would have covered me in the event, but now that i'm independently employed, the same coverage seems hard to come by. thanks for the responses. if anyone has any telephone numbers/agents/etc., i (and it seems many others) would greatly appreciate it. thanks again.

 

Is everyone talking about Long term disability insurance or health insurance. There is a big difference, health insurance most of group coverage will cover you on a track. Even group long term disability will usually cover you. But if you buy a personal policy, everyone I have ever seen or sold has specific exclusions on racing. An individual long term disability policy you pay yourself with after tax dollars. A group policy is usually paid through your employer and with pre-tax dollars, however some do allow you to pay with after tax dollars. The difference is if you have to file a claim and you paid with pretax dollars then the amount you get each month is taxable as income. If you pay with aftertax dollars then the benefit is not taxable.

 

I annoyed the Blue Cross/Blue Shield rep when I ask if there were any exclusions for "Speed Contests" or other tricky wording. There's nothing, so I'm covered for all emergencies, but there is a $50 copay.

Even that is waived if I'm admitted.
"C'mon Doc, you gotta let me stay! I'll give you $25 bucks!"

 

Cigna, and now Blue Cross/ Blue Shield paid 90% of my operation and rehab for my little visit to the wall in turn 5 @ RA

That included short term disability


[This message has been edited by GSXRGUY (edited 01-09-2001).]

 

Damn, due to the statment they (blue cross) told me I did not sign up during open enrollment, didn't want to waist money if I wasn't covered. Now I will have to wait until they let us sign up again.

 

i got all excited when i opened the morning paper. a flyer inside with bs/bc coverage in sc. can't be turned down, no questions no medical exam....holy shit...i gotta be 65!!

 

http://www.2wf.com/html/2001News/20010108AMANews.shtml
This sucks. Basically the outgoing admnistratiopn has taken it upon themselves to bring about the exact actions that these regulations were meant to prevent. Speak up now, ladies and gents, or your insurance company will have carte blanche to perform an end run around your coverage in the event of a motorcycle related injury. I would urge everyone to contact the appropriate people and voice your concerns over this.

 

I know you guys are worried about health coverage in general-I will say this, Fortis Insurance, paid $400,000 plus to fix my leg. I have bills here and there but they paid almost all of it. Check into it. It may be expensive but so is racing-and it is not worth paying for it the rest of your life!
HERE IS MY BIG POINT, LISTEN.
Any kind of "insurance" just won't do and let me tell you why, HMO, PPO's, etc. please understand that "racing" injuries alot of the time are far different than falling off the back porch and breaking a bone.
Some of these injuries happen at what doctors call "train wreck" force. They heal differently and require specialists that you don't have access to on certain HMO's, etc.
It's an unfortunate fact but it happens all the time. Anybody that works in the motorsport industry has seen some poor guy limping around with a prosthesis and heard the horror story of how "the doctor just couldn't get it to heal up" so they cut it off. Usually it is avoildable beleive it or not. Specialist come at high prices. I know you've heard of Dr. Ting in California, he is directly resposible for my leg being healed today, along with Dr. Cierny here in Atlanta. I am no Mick Doohan but I beleive I deserve the same health care. Think about it, Doohan gets hurt they fly him to Ting, I have similar injuries, I go to a regular doctor-stupid, until they tell me they are going to cut my leg off because it was so badly damaged by infection-another lovely side effect that you don't always know about. That will send you directly to an infectious disease specalists in a hurry and then if that doesn't work, which in my case it did not, you go to "the best in the country"-that is when I ended up with Ting and Cierny. If you insurance doesn't cover that high price they don't see you, its that simple. It sucks I know. I know everybody can't afford an insurance policy like that but you really can't afford not to. sorry for the soapbox. It really is a little more complicated than "just finding insurance"
But many props to all who are trying. Good luck in your search.


Tracie Palmour

 

what i am in search of is short-term and long-term insurance. although, these are all very good points being made. as i mentioned, group plans (such as the ones offered through most workplaces) usually (that i have found) don't require detailed information regarding the activities of it's members. fortunately, i was able to get medical coverage with the wife's insurance through her workplace. so far, i have either been told that motorsports of any kind exclude me from the policy or they will offer me the short-term and long-term, but waive the policy if i get hurt on a track. in that case, if anyone happens to see me laying on the track, pick me up and through over the fence and run me over or something.
as funny as that sounds, it almost makes sense!

 

You didn't enroll when you first had the chance?? Late enrollment exclusions are common and necessary in the Insurance industry. They prevent people from not paying premiums until they expect to have an expense, joining up and racking up a bill, then leaving the plan.

When's the next enrollment? You'll have to wait until then.

 

I think most people in this topic are talking about health insurance and they are very informative, however as I said in my previous post I am a financial planner and every policy I have ever seen or sold has specifically excluded motorcycle racing. If you find out anything let me know because I have alot of clients who participate in "dangerous" activities and I would like to be able to help them out. Good luck and keep trying!