We just got the official word from our insurance company today that they will not pay for any part of our racing operation which was lost in our shop fire on July 7, 2017. This was due to the fact that we only had a regular homeowners policy which covered our house, our garage and the regular contents. But it WILL NOT cover anything which can be used to make any income such as racing. Every tool, tire, rim, frame, motor parts, helmet, suits, etc, associated with racing is NOT COVERED. The insurance did however already cover the actual building structure, my dually truck, and my trailer.
I know some of you might have already have known this ahead of time, but I didn't know that everything I had which can be associated with racing was not covered by my insurance in case of a fire like this....so my advice to every racer who parks their cars and/or equipment in their garage at home.....you better call your agent and make sure your stuff is covered by your policy or you could end up receiving nothing for the contents of the structure that are associated with racing.
So my next course of action is to consult an attorney and see if they believe we have any hopes of fighting this decision and then as we rebuild the racing team, I am going to be seeking additional commercial insurance for my racing items to cover for fire/theft, etc.
If you have any experience at fighting something like this or if you have a good idea which could help me in this fight, please contact me at 812-798-0203 or
smorin@bop.gov
We will rebuild, but now it will take a little bit longer. Hope to be back in 2018.
Steve Morin
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2fast4u, addictedtodirt, i love dirt track racing, oppweld, Pat O'Connor Fan, smooth, superstock30, team3521