scott40

What kind of valuation should be considered for a 981 Clubsport for track day coverage?

mecho

I do 100K on a car that is worth about 120K. With the 5% deductible they would cut a check for 95K if totaled. Enough coverage to keep me in the game and interested in finding a replacement if I crash. These cars are very expensive to fix so I think you need to have enough to feel somewhat whole when they total your car and hand you a check. I'm guessing there are many different perspectives on this topic.

38D

Depends on what you have. base, 100L, MR, MR Evo?

scott40

100L, AC, dual master cylinder

38D

Ok then I’d agree with the 120k value. How much you want to insure is based on how much of a loss you’re willing to take.

Outlaw 06

For what it's worth, I haven't gotten track day (HPDE insurance) coverage in years. My ONLY (very slight) concern when tracking my street cars is the (very slight) chance of another car laying down oil or coolant on the racing line, which could cause a spin. I've seen this happen in races, but never at an HPDE. In fact, incidents are so rare at HPDEs that extra insurance seems unnecessary to me.

scott40

wow you’ve been lucky. I’ve had and seen multiple incidents over the years in racing and DE. Coolant, oil, and crashes in DE more often than racing.

Raider89

On this subject, yall are talking about property loss insurance, which I am currently considering for my new car as well. However, places like OpenTrack also have a Liability component available. At first, I thought why, when we all sign our life away upon entry to track and event organizer. So, I called to talk to them about this component. Supposedly, those signoffs really just protect them - hold harmless, not really protecting us from being sued by another driver for an incident which they think you caused. This goes outside the possibility of a gentlemens agreement to help fix the other guys car. Apparently, the liability covers damage to others vehicles and track damage as well.

Thus, am curious any thoughts about liability addition? BTW, your personal Umbrella policy you may have does not cover this according to my Nationwide agent.

thuggo

Not sure anyone would have luck trying to sue you for on track damage to their car unless they can prove it was deliberate. Its easy to argue you assume a rather large amount of risk once you enter a track.

jbaker136

I see at least one major incident per DE event at just about every event I attend. At Shenandoah I have seen as many as five cars totaled at a single weekend event. With that in mind, track insurance was a no brainer for us.

$115,000 to $140,000 is the current price range for 981 Clubsports in the US. We just paid $125,000 for a low mileage excellent condition base model with the only extra feature being the Recaro P1300 seat. We insure it with Hagerty (Opentrack) annual policy for DE events at a $135,000 value with 5% deductible because we added $10k in upgrades after we purchased it. Our policy includes 4 other cars with equal or lower value and my wife and I as primary drivers. It also includes a $1M liability rider. We could insure for less but the policy cost difference between $95k and $135k was very little. Our total policy was around $7k a year. We also got a separate policy for added coverage for the vehicle when NOT on the track. This covers damage while on the trailer (excluded by your auto policy) in our home garage or warehouse (excluded by homeowners policy) or anywhere the car is located that is not a race track. Hope this help.

Jeff

amurph182

this. Exceptionally rare in my experience to NOT have at least one black flag per day for a crash or fluid (or crash AND fluid, thanks to people deciding to drive all the way back to the pit after hitting something in turn 1 and then dripping god knows what all over the racing line, which should get you banned IMHO) and one big wreck per weekend. I’ve only had one encounter with fluid on the track (that I’m aware of) and a) I never saw it, even looking at the video after and b) immediate total loss of control. Track insurance for me every time.

SmokinGTS

Guess again, we lost a Turbo S at a recent HPDE in a horrific crash caused by you guessed it fluid on the track at the fastest point 160mph. Fortunately the driver only sustained a broken leg. Another guy in our region lost his GT3RS at Laguna Seca in a similarly caused crash.

carbondan

It can happen to any one, on any track, at any time. I might think that coolant and oil spills are more common in HPDE use compared to racing, as some of the (hate to say it) ****boxes that show up for track days can be in various states of disrepair, whereas racing cars are generally maintained more carefully.







I've now got a cantrell roll bar, 6 point harness, and scroth HANS device in my GT3 but still feel uneasy about the safety. Next step for me personally is something like a GT4 CS, or 458 Challenge, primarily for the added safety features.

For what it's worth, I have a $200k agreed value policy, with liability protection, with OpenTrack for both my GT3 and viper ACR-E, unlimited track days for 1 year. $9,100 including taxes and fees.

thuggo

I remember seeing the footage of that crash from one of the other cars....that was gnarly.

Chris P Lewis

You have to realize that the 981/718 chassis are much more susceptible to total loss due to the aluminum structure than say a 987.