ASA REMAINS UNMATCHED IN MEMBERSHIP INSURANCE COVERAGE

For Immediate Release

 American Speed Association PR

 

ASA REMAINS UNMATCHED IN MEMBERSHIP INSURANCE COVERAGE

 

 

DAYTONA BEACH, Fla. (February 6, 2009) - Opening the newspaper or turning on
the television today seems to bring nothing but bad news, especially when it
comes to the cost of things we need. And if you think that the price of
essentials like gas, food and housing are going through the roof, just wait
until you see what it costs for something that we don't want - like a
hospital stay. Fortunately, the American Speed Association is here to help
the racers in that aspect.

 

Last season they introduced a revolutionary insurance program for members in
good standing which covered them from the moment they left their driveway
until the time they pulled back in again. This means that an ASA Racing
member is covered not only on the racetrack itself, but also while on the
highways and streets to-and-from a Level 1 ASA Member Track or ASA Regional
Racing series sanctioned event. Needless to say, this type of coverage is
unprecedented, and unmatched, in the weekly racing arena.

 

"I think that we pretty much took the industry by surprise when we announced
the ASA insurance program last year," said Dennis Huth, president of the
American Speed Association. "We have always offered some of the best
insurance in the short track industry to our membership, but then to extend
that protection to the commute to-and-from the racetrack was unheard of. I'm
proud to say that the American Speed Association has been, and always will
be, at the forefront with new and innovative ideas that benefit our members
and racetracks."  

 

ASA Racing members in good standing will be eligible for a $500,000 Excess
Medical Benefit as well as a $20,000 Accidental Death and Dismemberment
Benefit. Coverage for the member assumes the basic guidelines are followed
and no exclusions, such as drinking and driving, are violated. Complete
details on the program, including all the listed exclusions, can be found
online at http://www.asa-racing.com/story.asp?StoryID=7552.

 

Insurance has been at the forefront of short track discussions lately, and
in many cases some racetracks only offer between $5,000 and $25,000 of
coverage. This amount would barely cover an overnight hospital stay so it is
up to the racer to look for the best possible coverage to supplement any
medical, life, or disability policies they already have. 

 

"There are a lot of insurance companies out there, but you simply cannot go
to any agent for information about your additional motorsports needs. Most
of the time those who work with regular life, medical and disability
policies won't be as familiar with the companies that have racing exclusions
or surcharges. It is important that you find an agent familiar with racing
for the best rates and policies, and I feel that with WSIB Motorsports
Insurance the ASA family has partnered with the best in the business. Laura
(Hauenstein) and her staff are constantly looking out for better ways to
protect the ASA members and come up with ideas that have not been
implemented in the motorsports community," Huth explained.

 

"Insurance is something that we all need to have but hope that we never need
to use," said Laura Hauenstein, president of WSIB Motorsports Insurance.
"But a policy like that offered by the ASA is a huge step forward in
providing additional protection to any insurance policies that a member may
already own. I don't know that anyone else in the industry offers as much
coverage to their members, and certainly does not cover them off the
racetrack on the way to and from the event."

 

"We are really proud to be associated with the American Speed Association
and bring such a unique program to the membership. I have been able to work
with Dennis and really see how he thinks (lobbies) outside of the box when
it comes to taking care of the ASA membership. We are extremely fortunate to
have our partner carrier, Federal Insurance Company a member company of
Chubb Group of Insurance Companies, work so closely with WSIB to arrange
this unique motorsports program," she added.

 

ASA Member Track operators also have the ability to purchase general and
excess liability, automobile, an expanded ASA-exclusive $500,000 participant
accident medical, workers compensation and health insurance.

 

The ASA insurance is available to those involved in the ASA Member Tracks,
Regional and National Racing programs. 

 

The ASA Member Track program is comprised of more than 30 short tracks
around the United States, as well as a variety of regional and national
touring series. For more information, call (386) 258-2221 or send an e-mail
to info@asa-racing.com. For news and information from all the racetracks and
tours involved in the ASA, visit www.ASA-Racing.com. 

 

ASAT, ASA RacingT and American Speed AssociationR are trademarks of Racing
Speed Associates, LLC.  Racing Speed Associates, LLC is not related to or
affiliated with ASA Late Model Series, LLC.

 

# # #

 

For more information, contact:

American Speed Association

 (386) 258-2221

info@asa-racing.com