Race/track insurance update
04-15-2002, 03:35 PM
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Race/track insurance update
Anyone have updated info on track insurance for PCA Racing? I tried 4 places mentioned in the archives with no luck.
04-16-2002, 01:32 PM
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I found <a href="http://www.pacicontrack.com" target="_blank">www.pacicontrack.com</a>
$55,000. agreed value, 10% deductable, 30 on track days of coverage $3,850..
Any experience with this company? Sounds good to me.
$55,000. agreed value, 10% deductable, 30 on track days of coverage $3,850..
Any experience with this company? Sounds good to me.
04-16-2002, 02:20 PM
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You have a Gateway? I should have invited you to my Gateway Extravaganza. I took 4 Gateway computers and monitors, all less than a year old, to the range and executed them without blindfolds. I hate cows. The Dells are wonderful.
Anyway the track insurance site, correctly this time, is: <a href="http://www.pacificontrack.com" target="_blank">www.pacificontrack.com</a> the agent was leaving for a race so I will not have my policy until next Tuesday. If you exceed 11 days of per day coverage it is better to go with the 30 day package. The coverage sounds pretty good though. Any incident on the track causing damage exceeding the deductable which includes mechanical.
I will e mail you the agents contact info.
Anyway the track insurance site, correctly this time, is: <a href="http://www.pacificontrack.com" target="_blank">www.pacificontrack.com</a> the agent was leaving for a race so I will not have my policy until next Tuesday. If you exceed 11 days of per day coverage it is better to go with the 30 day package. The coverage sounds pretty good though. Any incident on the track causing damage exceeding the deductable which includes mechanical.
I will e mail you the agents contact info.
04-16-2002, 02:25 PM
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Well, I contacted them awhile back for two day coverage, he gave me a price then a couple of days later when I said I wanted to do it, he bailed on me and said they didn't offer single day coverage and that I need to get the 30 day deal. So you folks are finding that he will do single day?
Thanks!
Thanks!
04-16-2002, 02:28 PM
#6
Guys:
The Pacific rates (the correct Web address is <a href="http://www.pacificontrack.com)" target="_blank">http://www.pacificontrack.com)</a> are similar to the old Conseco on-track liability plan, so I assume that Lloyd's is the ultimate underwriter.
The rates aren't exactly cheap-- I'm sure my car would cost about $4,400 to insure-- but if you're sponsored, it's the way to go.
Or... You could also put $5,000 a yr. into a "crash fund" and if you make 3-4 years with no major incidents, you'd be ahead of the game and covered for those occasional brushes with the tire wall. This policy is mainly for catastrophic loss (i.e., a writeoff), and I always figured I drive too slowly for that to happen
Conseco used to be pretty good about paying claims, but the deal was messed up by too many guys crashing with impunity (the offenders should have been booted out of the pool, but were let back in at a modest penalty rate). With a fairly small group of insured drivers, there was no way the underwriters could make money.
Don't get me wrong-- If I had the cash, I'd do it in a heartbeat if I was planning on, say, upwards of 3 club races a season. For DE and the occasional club event on a home track, the coverage seems pretty luxurious to me.
Lee in D.C.
The Pacific rates (the correct Web address is <a href="http://www.pacificontrack.com)" target="_blank">http://www.pacificontrack.com)</a> are similar to the old Conseco on-track liability plan, so I assume that Lloyd's is the ultimate underwriter.
The rates aren't exactly cheap-- I'm sure my car would cost about $4,400 to insure-- but if you're sponsored, it's the way to go.
Or... You could also put $5,000 a yr. into a "crash fund" and if you make 3-4 years with no major incidents, you'd be ahead of the game and covered for those occasional brushes with the tire wall. This policy is mainly for catastrophic loss (i.e., a writeoff), and I always figured I drive too slowly for that to happen
Conseco used to be pretty good about paying claims, but the deal was messed up by too many guys crashing with impunity (the offenders should have been booted out of the pool, but were let back in at a modest penalty rate). With a fairly small group of insured drivers, there was no way the underwriters could make money.
Don't get me wrong-- If I had the cash, I'd do it in a heartbeat if I was planning on, say, upwards of 3 club races a season. For DE and the occasional club event on a home track, the coverage seems pretty luxurious to me.
Lee in D.C.
04-16-2002, 02:30 PM
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I found that this insurance coverage is offered through a couple of agents on a quick web search. The agent I e mailed called me and said he would insure me for the 3 race events but if I am going to be on the track for over 11 days the 30 day deal is a better value. Maybe you should try my contact.
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04-16-2002, 02:47 PM
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Bill:
Yes, they're a small company. Small outfits usually cannot undertake coverage like this so they call upon Lloyd's of London to do the primary underwriting. Ask your contact at Pacific about this.
Lee
Yes, they're a small company. Small outfits usually cannot undertake coverage like this so they call upon Lloyd's of London to do the primary underwriting. Ask your contact at Pacific about this.
Lee
04-16-2002, 03:24 PM
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Who is your contact?
[quote]Originally posted by bill walczak:
<strong>I found that this insurance coverage is offered through a couple of agents on a quick web search. The agent I e mailed called me and said he would insure me for the 3 race events but if I am going to be on the track for over 11 days the 30 day deal is a better value. Maybe you should try my contact.</strong><hr></blockquote>
[quote]Originally posted by bill walczak:
<strong>I found that this insurance coverage is offered through a couple of agents on a quick web search. The agent I e mailed called me and said he would insure me for the 3 race events but if I am going to be on the track for over 11 days the 30 day deal is a better value. Maybe you should try my contact.</strong><hr></blockquote>
04-16-2002, 03:57 PM
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didn't get anything...
chump@pobox.com ?
Thanks!
[quote]Originally posted by bill walczak:
<strong>Chump,
Check your e mail. I sent the agents info to you before your last post.</strong><hr></blockquote>
chump@pobox.com ?
Thanks!
[quote]Originally posted by bill walczak:
<strong>Chump,
Check your e mail. I sent the agents info to you before your last post.</strong><hr></blockquote>
