Track Day Insurance - Found something Interesting
#16
Rennlist Member
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Just talked to the open track guys this AM to add my C2 to my policy. Nice thing is additional cars are really low cost - policy is based on most expensive car value. On the math, if you do more than about 10 days a year it's well worth it. Policy is very flexible, covers all track time OTHER than any competitive events (no time trial, no racing), including private events, etc.
I use state farm for everything else. The specialty policies are too limiting for my use.
I use state farm for everything else. The specialty policies are too limiting for my use.
#17
Rennlist Member
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Just talked to the open track guys this AM to add my C2 to my policy. Nice thing is additional cars are really low cost - policy is based on most expensive car value. On the math, if you do more than about 10 days a year it's well worth it. Policy is very flexible, covers all track time OTHER than any competitive events (no time trial, no racing), including private events, etc.
I use state farm for everything else. The specialty policies are too limiting for my use.
I use state farm for everything else. The specialty policies are too limiting for my use.
State Farm in Ontario, Canada has been purchased by the Certas Insurance group though and they will not renew the Insurance Policy on my Car if I plan on taking it to the track even if it is a DE.
I am now looking for an Insurance provider for one of my cars that I would like to drive on the street as well as DE's. I will give the Open Tracks folks a call with the hope that they extend coverage to Canadien residents.
#19
Rennlist Member
#20
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I've used TheOpenTrack.com/Ben as well since May last year. No need to file a claim thankfully.
Benefits:
*Covers car to any value ($1MM, $2MM, whatever)
*Low 5% deductible
*Underwritten by high-rated publicly traded company (Aspen)
*Covers all events except racing/TT
*No need to sign up for each event on a web site, just go and drive, you are covered!
*Add additional cars for only $150 each. Many drivers have a stable, just add them all and no worries for 12 months.
*Dirt cheap pricing for a heavy tracker. I did 22 event in 2015, so annual premium /22 in my case is per event insurance cost.
Bottom line: $$$ car + many events = no-brainer choice.
Benefits:
*Covers car to any value ($1MM, $2MM, whatever)
*Low 5% deductible
*Underwritten by high-rated publicly traded company (Aspen)
*Covers all events except racing/TT
*No need to sign up for each event on a web site, just go and drive, you are covered!
*Add additional cars for only $150 each. Many drivers have a stable, just add them all and no worries for 12 months.
*Dirt cheap pricing for a heavy tracker. I did 22 event in 2015, so annual premium /22 in my case is per event insurance cost.
Bottom line: $$$ car + many events = no-brainer choice.
#21
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I only use - OnTrackinsurance.com
Only one that uses a fully “Admitted Insurance Co.”
True “Agreed Value”
Great pricing
Owned by a Porsche racer great service- call Steve
Only one that uses a fully “Admitted Insurance Co.”
True “Agreed Value”
Great pricing
Owned by a Porsche racer great service- call Steve
#22
Rennlist Member
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Does OnTrack cover Canadian events, and do they have a max on agreed value ? I thought there was some limitation there. I have Lockton now because they covered Canadian events, but their max $150K on agreed value leaves me with a bit of exposure that I want / need to cover against. Thank you.
#23
Rennlist Member
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I've used TheOpenTrack.com/Ben as well since May last year. No need to file a claim thankfully.
Benefits:
*Covers car to any value ($1MM, $2MM, whatever)
*Low 5% deductible
*Underwritten by high-rated publicly traded company (Aspen)
*Covers all events except racing/TT
*No need to sign up for each event on a web site, just go and drive, you are covered!
*Add additional cars for only $150 each. Many drivers have a stable, just add them all and no worries for 12 months.
*Dirt cheap pricing for a heavy tracker. I did 22 event in 2015, so annual premium /22 in my case is per event insurance cost.
Bottom line: $$$ car + many events = no-brainer choice.
Benefits:
*Covers car to any value ($1MM, $2MM, whatever)
*Low 5% deductible
*Underwritten by high-rated publicly traded company (Aspen)
*Covers all events except racing/TT
*No need to sign up for each event on a web site, just go and drive, you are covered!
*Add additional cars for only $150 each. Many drivers have a stable, just add them all and no worries for 12 months.
*Dirt cheap pricing for a heavy tracker. I did 22 event in 2015, so annual premium /22 in my case is per event insurance cost.
Bottom line: $$$ car + many events = no-brainer choice.
#24
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Also a better option of doing one-day events - with Lockton a single day event costs the same as a 3+ day.
Again not wishing ill on anyone, but given this appears to be relatively new, how are they at covering claims - any experience? Easy, timely, good payout?
Again not wishing ill on anyone, but given this appears to be relatively new, how are they at covering claims - any experience? Easy, timely, good payout?
#25
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Based on a 100k plus car; if you do less than 5 events a year lockton is fine. Anything more you are better with what I suggested in my original post. Plus not having to register each time and only 5% deductible makes it a no brainier. That said in my profession I deal with insurance companies on a daily basis; you never truly know how good or more importantly how bad they are until you have to file a claim.
#26
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in the process of buying a policy....
it's like half price of a lockton 9 or 12 policy event ...
how do you beat that... sure helps keeps the cost down and ease of mind....
now i can go after that last two seconds that's been eluding me! lol
it's like half price of a lockton 9 or 12 policy event ...
how do you beat that... sure helps keeps the cost down and ease of mind....
now i can go after that last two seconds that's been eluding me! lol