For the non-annual version (Daily), do most of you add the liability for track damage, other cars, etc., or just insure your own car? It's a $300 add on.

Thanks,
JPS

 

Annual for me.

That $300, that’s per day ?

 

Per event , and I did not when I was using OnTrack

 

Wow. Don’t crash I guess…

 

Just don't crash into anything expensive

 

I don't.

FWIW, my reasoning is that most HPDE incidents are single car ( i.e. I f**k up and stack it.) Most Armco repairs are not expensive enough to insure against IMO. Pollutant (i.e. oil, coolant) is covered by Open Track up to $10k.
If an incident is not single car, it's often difficult to assign blame to an extent that legal burden of proof. Plus I suspect that few if any HPDE incidents result in litigation. There's a reasonable chance that other drivers will have their own track insurance.

God forbid something extreme(severe injury, death) happens, my umbrella policy covers me. I'm only interested in covering the most likely bad outcome (my car totaled) and replacing it. Even at that, I can absorb my current replacement cost without batting an eye. My decision to cover the car is mostly an emotional one for a little peace of mind on track. YMMV of course.

All insurance is organized gambling with the odds heavily in the house's favor - it make casino gambling look like a wise investment when you look at ROIs. What you choose to insure is very personal and depends on risk tolerance, finances, and to a certain extent, emotion.

I'd be interested to hear the perspective of the insurance pros on this thread. How much litigation have you seen? Do you subrogate claims for multi-car incidents? Objective info on this might sway my opinion.

 

In regards to insurance what I always say is that if you don't have a claim the insurance seems like a ripoff, but if you do have a claim, you are glad you have it.

With deductibles, most track insurance is insuring against a big hit, not a $10k or below incident.

$300 buys a lot of peace of mind in my book. For the first time in ten year of racing I had a couple of offs during a race (one was in the pouring rain and in the other I just drove 10.1/10), and even though they weren't horrible, it still will cost me about $20k. It would have been nice to have insurance but race insurance doesn't make sense. I do insure the same car when I drive DE.

 

I have always found insurance pros tend to keep that info a bit close to the vest so to speak. I think that kind of info is their secret sauce for making a profit.

We can always try @Steve113 ... He's who I always buy my insurance from now....

 

Me either. The liability waivers we sign are for that.

 

No reason to crash in HPDE. Period.

Mechanical failure sure, but driving within your limits is how you stay on course

Most all single car get offs are ego driven by drivers exceeding their talent level

Drive within your limits if you cant afford to pay for crash damage, or buy insurance

 

My concern for crashing in a DE is 99% a mechanical failure or someone dumped fluid. The 1% is me driving like an idiot, which I can never rule out completely, even in a DE.

 

I am an open book and love to help the sport I love that has given so much to me

In12 years or so of my program I have not heard of a liability incident driver vs driver in HPDE.

You as a registered signed in participant are also an additional insured under the event organizers policy. You can verify that with your event organizer.

There is a hold harmless signed by every participant against track, organizer and other participants. There is also an open inherent risk that one understands by participating. (you understand the risk)

Let me go a step farther and say that in all the 12 years of my program I think we paid 1 maybe 2 claims involving a multi car incident.
It always single car driver error

I will also say that rate of accidents on track are at an epidemic level. If everyone doesnt start understanding that this is HPDE and stop recking you might be left in a couple of years with no programs to write the coverage or rates that are double what they are now

 

This, exactly.

HPDE insurance basically covers damages with respect to your own car - be it from your own idiocy, or the idiocy of others.