I don't care what happens to Rice and his personal coverage but his Liability insurance will cover some if not all of any outside injured parties property or medical. If the insurance companies don't step up to cover the affected others they will get sued and lose. BTW Rice would probably also get sued.Bronco Billy wrote: ↑Wed Apr 03, 2024 5:39 amYeah, I get that Ice. But almost all - if not all - insurance policies will have exclusionary clauses. With auto insurance racing is usually encompassed in these. That would preclude any claims in this case. Insurance policies do not cover any and all actions by the insured.Ice wrote: ↑Wed Apr 03, 2024 5:26 amTexas law requires drivers carry at least liability insurance which is what I was referring to.Bronco Billy wrote: ↑Wed Apr 03, 2024 5:00 am
If you look at your vehicle insurance, I’d imagine you’ll find exclusionary clauses that include activities like racing of any kind. He can submit to his insurance on his vehicle and most probably have the claim denied, the rental company will contact their insurance company (if he took it out) and they will likely be denied, and then the liability likely will go directly to him as the owner/renter of both racing vehicles even if he asserts he wasn’t driving since he has deep pockets and authorized use of the vehicles at the least. Then the insurance companies of the other vehicles/people involved will go directly at him as well. He’ll probably get current assets and future earnings attached.
And that’s just the financial end and doesn’t touch the criminal aspect or league discipline. This kind of high visibility action is not going to be viewed in a kindly light by The Shield even if the jurisdictional authority decides to go easy.
It covers up to x dollars for the vehicles and medical costs of those not at fault. Can’t remember the minimum but I think most would carry 6 figures on their policies.
Doesn’t mean Rice won’t get sued as well but I imagine he had insurance with those cars given value.
That law states Texas motorists must carry this insurance and it is designed to protect the innocent bystanders from accidents or stupid behaviors like this or drunk driving as another example.