Nick

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?

eilig

...Oh Lord, you're leaving yourself wide open with this one...

MarkG123

Get track insurance. It is available from several companies, specifically for this purpose. Do not rely on your general auto insurance policy.

Nick

Which companies and cost?

Hoopumpers

Locktonmotorsports.com

Cost prohibitive IMO

frayed

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.

fastmd

Ontrackinsurance.com

He is a pcar owner/racer. I use them and have known people who also had the policy pay which is important.

tgavem

Your PCA club should have recommendations as well

hf1

+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...

zedcat

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....)

85Gold

Lockton on my 6GT3 with value at $65k including mods was $379 for 4 days at Winterfest. Not a bad price to pay.

Peter

paver

lockton's max is 125k now. If your able to buy multiple packs the discount is pretty healthy...takes the cost per event down quite a bit.

ShakeNBake

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.

mooty

smart man. you lawyer or something

that's a good deal. but they trust YOU. i heard to you agricultural often

damn, i have to cancel my 918 order, can't track that baby.

hf1

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.