Insurance with no racing/riding exclusions

[bigreid]

If racing is your occupation than it can not be excluded in any state.

So, if you earn any money doing a sport aren't you technically a professional?  So, if you have won any money they cannot exclude you or does it need to be your primary occupation?

[kl3640]

So, if you earn any money doing a sport aren't you technically a professional?  So, if you have won any money they cannot exclude you or does it need to be your primary occupation?

Brandon can confirm, but I believe that you'd need to meet the IRS definition of an "occupation," at least for a secondary income (i.e., <2% AGI), if not primary (my guess would be the latter).

[Brandon.Parrish]

... how soon for us poor MN guys?

Its in the works as we speak, should be soon! i will keep you posted.

[Brandon.Parrish]

Brandon can confirm, but I believe that you'd need to meet the IRS definition of an "occupation," at least for a secondary income (i.e., <2% AGI), if not primary (my guess would be the latter).

That is correct, just a little prize money here and there would not mean that is your occupation.  It would have to be your main source of income or your only source of income.

[Mon1018]

some interesting advices here. useful thread .

[J Farrell / Speed Tech Motorsp]

Just signed up for insurance for the first time in (oh boy should I even tell you!) 1997!

I feel much more comfortable. I suppose I'm gonna end up in the hospital now!

After what happened to Brian Hall I realized it could have been me and my hospital bill.

Thanks Brandon!!!! You da man!!

[Brandon.Parrish]

Thanks Jason, good to see you come out of retirement!

[Brandon.Parrish]

whats new?