Nizer

Okay, I kinda know what to expect here in terms of reponses but I'm going to ask the question anyway in order to get a broader perspective.

Headed to my first PCA DE at LRP this Wednesday and trying to decide on track day insurance. Normally I would say ****e happens anywhere, anytime so insurance = no-brainer, but best quotes I'm getting are around $900 for single day coverage.

Although I have track experience and racing license this my first PCA DE so I'm in Green run group. As far as I can tell this means very controlled passing, spacing, and somewhat controlled speeds (?), i.e., reduced risk environment vs open track. With that in mind and given that I'm just out to have a little fun in the RS the first time on track, it seems less likely that'll I'll experience an "incident". Again, anything can happen I know.

FWIW, I have Traveler's coverage and they confirmed no track coverage.

Thoughts? Comments? Is Green run group usually an incident-freeforall or fairly controlled as I suspect?

RollingArt

My advice?

Never take out on track a vehicle that you can't afford to leave in a heap with nothing more than a steering wheel and shift **** as souvenirs.

You can pay me the $900 for the great advice and saving your car.



Phil

Arrccod

I have switched my insurance this year because of the crappy service of my broker. I switched to a Company called Westfield Insurance. Not only were they cheaper than the previous carrier, the car is covered on the track as long as it is not racing or a timed event.

Bill

JAMS

Westfield is not out West. Too bad.

Carrera GT

It's a well worn topic. If you want to limit risk, you have to increase cost. For a $150K risk and $10K deductible, the numbers I've found equate to about $400 per track day, budgeting on about ten days per year, which must be declared to the insurer a priori.

I think it's fair to say that when insurance effectively doubles the cost of any given activity, you know it's not insurance, it's a protection racket. The auto industry, the medical industry and the legal system (industry) are all active, deliberate participants in a scheme to set up and profit from this racket. The car owner is the victim like a school boy being held upside by ankles and shaken by the school bully until his lunch money falls out of his pockets.

There is no escape. If you want to limit cost, you have to accept risk (and try to reasonably overcome denial.) In this case, as with any insurance decision, you must still make a reasonable assessment of any cost which you cannot afford to incur. Assuming the value of the car is not more than 5% of your net liquid worth (don't start counting your 401K or your house) then you can reasonably accept a total loss.

Budget on a significant medical services hit. It's well worth confirming with your medical insurance provider that if you're in intensive care or on life support after a helicopter to the hospital, then a transfer to a specialist hospital and the freedom to elect to be moved to a hospital for recovery nearer your home and office (which could be in another country or at least another state) ...

Long story on medical coverage:

TRAKCAR

I can afford insurance for the peace of mind and it is good for 2 seconds a lap, so it is a great mod to your car

I can not however afford to ball up my car.

My current provider stops in October, I intend to go with: www.wsibinsurance.com.
The cost is about $1K for every $25K of insured car last time I got a quote.

Carrera GT

I think that's a good way to look at it.

So if you took out say $100K of insurance and assume you "crash small but financially painful" then you'd have a viable compromise. If you wad the car and end up eating and breathing through a straw, your goose is already cooked anyway.

911/Q45

If you are running with a well controlled group, like PCA, it would be almost unheard of to have an incident as a beginner. Most incidents occur when your confidence level exceeds your ability and that comes later. Skip the high priced extortion.

JAMS

"Assuming the value of the car is not more than 5% of your net liquid worth (don't start counting your 401K or your house) then you can reasonably accept a total loss."

The only "liquid" net worth I have is in my wine rack!

Nizer

Nor in NE from the looks of it. Bummer.

I won't be looking to shave seconds on my first DE and I can afford to wad the car on the off chance it were to happen.

FWIW, I got a quote from WSIB and it came in at $5,700. No ****e. In fairness, they quoted me for 1-5 events but i was only asking for one event coverage, which they won't quote.

This is my assumption as well. I'd be very surprised if anyone let me go nuts on the first DE in a Green run group.

I don't mind paying even normal insurance extortion prices but when they start quoting one-day coverage at the same levels of my annual premium it gets a little crazy.

Obviously I need to find annual coverage that picks up both road and non-timed track events at a more reasonable total cost. If anyone has a recommendation please let me know.

Thanks for the feedback.

Izzone

I am looking for normal insurance and DE coverage>>>> add me to the list

Blaine S

If you attend enough events I think that wsibinsurance is reasonable, but when you want to insure on an event-by-event basis, the one day events are costly as there is no price break from companies like Lockton on a one vs. three day. $600-$800 to insure a GT3 for a one day DE is pricey.

BTW - I've seen enough bent cars in green.

Jake951

The PCA DE events that I've done are pretty tightly run, as a rule. Passing by point-by is strictly enforced. However, there is a wide range of abilities in the green run groups, so you may have some fast folks mixed in with very slow ones. Just watch out for the really green people.

savyboy

The WSIB coverage is only sold in blocks of 5 events and "event" can be 1 hour or 3 days (or more). So the efficiency and value comes in when you run mainly 3 day events. Furthermore, as you add blocks of 5 events the price goes down for each block. Quantity discounts if you will.

Those best served are users of 3 day events and a lot of them through the year. I have already used 13 events since mid-March and will likely need to buy 2 more blocks of five before the year is out.

Track insurance is a "necessary evil". Glad I had it. The Chubb reps (who underwrite WSIB's coverage) have been great to work with.

Yargk

If you do your reasonable best with safety equipment (cage, hans, etc), aren't there many ways to total the car without the breathing through a straw part?