Originally Posted by phatcruiser
I work in the insurance industry on the claims side. Going by what I saw on their website they will probably require photographic evidence of damage. They can easily talk to family members and co workers if they smell something fishy. I have seen copies of Facebook accounts and other social media used to the insurance companies benefit. Just keep that in mind.
As for a programmable controller I would guess that it is a no go. They could always deny your claim by saying it was in the competition mode. Then you would have to hire a lawyer and sue or have them negotiate a settlement.
You could always ask them. I wouldn't pay money for insurance unless I knew what it covered and if my property met the criteria.
Veloinsurance is a sales company they do not underwrite.
Kind of sounds like not worth the trouble.