I saw one of the Potomac guys at VIR this past weekend. He lives in VA.
He totaled his Boxster at SP last year. I asked what happened with his car. He said his insurance was with USAA and they denied the claim beause he was racing. This went back and forth for a month or two and they finally paid off at a agreeable figure. He bought another Porsche and called the insurance company and they told him they would not insure another Porsche for him so he insured it elsewhere. I didn't ask him if they cancelled his existing policy or raised his rates.
I heard a similar story about Allstate 3 years ago, finally paid the claim but did not renew his existing policy when it expired (basically cancelling the policy).
Be careful, it can be very difficult to obtain a policy if you've been cancelled.
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