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If you've taken your car to the track for either an open lapping session or an advanced driver education course, you're undoubtedly aware of the potential risks. While most insurance policies say that the car isn't covered if it's participating in a "timed event," that's all changing now that track time is becoming more common.

A report by The New York Times goes into detail about the loophole and how the big insurers are taking measures to include high-performance driving schools and track days. One interviewee has decided to stop his weekend excursions altogether after learning about the policy changes, and more disturbingly, when another player in the piece asked his insurance company if his Subaru WRX STI was covered during a track event, his policy was dropped six months later.

While the well-to-do are largely immune from the new terms, purchasing dedicated track-day toys or additional insurance, those of us with shallow pockets might have to think twice before we wring our rides out as God intended.

[Source: NYT via TTAC]