seapar

They do offer single event coverage . Go to web site posted by OP.

Cbwell

Actually, I just talked to Ben and they do not offer single event coverage, it's only annual. They are looking into single event but they are a few months out.

seapar

Sorry. My bad. I saw the competition section and thought it was that.

Spyerx

Curious if anyone else has moved forward with a policy?

seapar

Waiting for mine to be sent to me. Ben tells me it should be by the end of the week. Will look over carefully before paying. Next covered event to be May 27 by them for 12 months.

Spyerx

I got a copy of the policy. Assume you got?

seapar

Formal write up in process.

seapar

About to buy my policy. The phrase "without intervening cause " is not in the policy. (mentioned in post #10 by MX RACER.
new website www.theopentrack.com

Ben Phillips very good customer service 843 324-9599

the_vetman

I'm signed up and paid. Hopefully no issues with claims (or no claims needed!).

savyboy

Not in my policy either, think it is now removed.

Once I received my policy I was surprised to find this coverage is underwritten by Aspen which is a $3 billion dollar, NYSE listed, multinational company. In my opinion, the quality of the coverage exceeds that of any issuer to date. If you are a frequent tracker and can amortize the cost of an annual policy over several events, this is now the "gold standard" of track policies.

I love the fact I can run events wherever and whenever I feel like and don't have to remember to sign up or pull out of them on the insurers website. Like running a private open track day vs a structured run-group DE event, once you've had the freedom of the open track day, you never want to go back TheOpenTrack.com indeed! Perfect website name.

paver

my quote based on the website form is $4500. How much do fees, etc. add when you actually purchase?

Spyerx

A few hundred. There is a fee for multi tracks, and a line tax, and a stamping fee. If you're asking in the 125-140k range its not far off.

I was told by Ben the "without cause" statement was removed. Good to know on the underwriter. That's great.

Agreed on the flexibility this offers. This allows you to do 1-day events, do any HPDE (non timed) track event at will over the policy term.

One advantage lockton does have currently, is the ability to add an additional named insured on the policy and coverage for instructors. This policy is named insured only, so be aware of that. Also, if you're not doing some # of track days annually, Lockton may be less expensive.

savyboy

Excellent detail points, thanks for bringing those up

paver

I was 4250 before the multi track fee. This is w/i a few dollars of what Lockton charges for a 6 pack with a 10% deductible. So, yes this is a great price if you have a $125,000 car and do more than about 6-7 events/yr.

needmoregarage

Questions for Ben:

- if I change cars mid-stream (go from Cayman R to GT4 for example) can I transfer the policy and pay the difference? YES
- is there a minimum deductible? ontrackinsurance is 10% of the value but not less than $2500. SterlingRisk just states 5% of declared value - I didn't see reference to a minimum deductible.Deductible is straight 5% of declared value with no minimum

When I last spoke to Ben - tracks outside the U.S. were not covered (I asked specifically about Mosport). That might change but for now it's U.S. only. Canada may be added for $500 annual fee

Ben's answers are in red ^.

For the guys who bought policies - are your policies with Ben's new company: theopentrack.com? Or did you go with his former company: SterlingRisk?

Appreciate replies as I'm ready to make a decision.