Track insurance
#1
Rennlist Member
Thread Starter
Track insurance
Been reviewing a few policies and they invariably exclude coverage for track events using language "no coverage for use on a track designed primarily for racing or high speed driving". Earlier policies did not have this language.
Those of you that track your cars what do you do? Get amended coverage and if so what is the cost? Is it by event or incorporated in the policy?
Or do you run naked?
Those of you that track your cars what do you do? Get amended coverage and if so what is the cost? Is it by event or incorporated in the policy?
Or do you run naked?
#6
There are reasonable per event coverages available. Can't remember the company.
But if you cannot afford to ball up your shiny metal and walk away from it, it probably shouldn't be tracked. IMO.
But if you cannot afford to ball up your shiny metal and walk away from it, it probably shouldn't be tracked. IMO.
#7
Burning Brakes
Ontrackinsurance.com
He is a pcar owner/racer. I use them and have known people who also had the policy pay which is important.
He is a pcar owner/racer. I use them and have known people who also had the policy pay which is important.
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#8
Three Wheelin'
Your PCA club should have recommendations as well
#9
Rennlist Member
+1 on locktonmotorsports.com
You can price the insurance per chosen $ value. Cheaper if you buy a package of 6 or 12 events per year. Even cheaper (in $ per track day) if you do a lot of 2 or 3-day events since they charge per event (not per day). IIRC, a 6-event package costed about $1300-1400 for agreed value of $50k last season, which I think is not a bad deal.
Track insurance is yet another factor that makes tracking an older (hence cheaper) GT3/car much more cost effective then a more modern one.
Or you could always self-insure...
You can price the insurance per chosen $ value. Cheaper if you buy a package of 6 or 12 events per year. Even cheaper (in $ per track day) if you do a lot of 2 or 3-day events since they charge per event (not per day). IIRC, a 6-event package costed about $1300-1400 for agreed value of $50k last season, which I think is not a bad deal.
Track insurance is yet another factor that makes tracking an older (hence cheaper) GT3/car much more cost effective then a more modern one.
Or you could always self-insure...
#10
Another Lockton user here. I have the 6 pack for my Cayman, but don't bother with it on my 10yr old Boxster. I think the max value they will insure is 100k. Not sure what I'll do on the GT3 (whenever I get it....)
#13
I believe trackinsurance was trying to up theirs to 150. Lockton was not yet at 120 when I checked last. The max value is a big issue.
The contract stipulates is that when/if the car crashes - it's theirs, and they hand you a check for the value.
The contract stipulates is that when/if the car crashes - it's theirs, and they hand you a check for the value.
#14
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
damn, i have to cancel my 918 order, can't track that baby.
#15
Rennlist Member
I wasn't aware of this. I deliberately under-insured thinking I could probably get $10-20k from parts sales if the car gets totaled. If the car becomes theirs as a condition to receive the check, then that changes the equation quite a bit (against the insured). In that case it pays to over-insure. Thx for pointing this out.