Eliminating Insurance of Non-Timed Track Events

Not many of us with 3-series convertibles get involved in track days with our cars, but I have certainly been tempted and would like to eventually see how my car does with its installed Stage II Dinan and possibly some future modifications. Unfortunately, a new article on insurance companies and coverage may end many track events across the nation and is certainly making me reconsider the possibility of tracking my E93 (probably a better idea is buying an old E30 and use it as a dedicated track car with minimal investment.)

Just curious, has anyone participated in any track events or driver schools with their E93? Would you not participate if you knew this insurance "loophole" was closed?

From the New York Times: "IT’S no secret that insurance companies don’t like the people they cover to drive fast. So it shouldn’t be a surprise that the industry has been removing a policy loophole that insured drivers on racetracks.

"What’s happened is that many insurers have redefined the term “racing.” Policies have long had exclusions for racing, but it was defined as a “timed event.”

"High-performance driver education neatly avoided that definition. Although cars may take laps at top speed, they aren’t timed.

"At many schools, including those held by the Porsche Club of America and the BMW Car Club of America, students are required to attend classroom sessions. On the track, drivers get one-on-one tutoring from an instructor under controlled conditions. The cars are generally sent around the track in small groups with passing limited to straightaways — and only when the driver being passed signals that doing so is all right. So because these runs were not timed, many drivers were covered by their normal automobile policies." more.