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      05-12-2009, 10:31 AM   #1
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track insurance

any opinions on track insurance? are a lot of you guys buying this or just hoping nothing happens? saw 3 crashes yesterday at my first track day so has me considering this.
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      05-12-2009, 11:09 AM   #2
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It's worth having, even if you don't plan on pushing it too hard. It only takes another person to over estimate their ability and you can find yourself in the wrong place with a bent car.

Most track insurance that I know of is agreed value based anyway, so there's no liability coverage, but it will cover repairing your car or replacing it.
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      05-12-2009, 11:45 AM   #3
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I wouldn't track my car without it.

Now I just need to get to the point that I'm comfortable tracking the car with it. I think I just need a track-beater. I love this car too much to ding her up.
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      05-13-2009, 09:19 PM   #4
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BMW CCA has started to offer the following track insurance:

http://hpdeins.locktonaffinity.com/Default.aspx
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      05-13-2009, 09:40 PM   #5
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has anyone had to use the track ins. and what was the outcome?


we should have a good quality ins. carrier for tracking. should we stick with our personal policy with an HPDE allowance or go with the lockton affinty ins.
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      05-13-2009, 11:23 PM   #6
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whats hpde? i have a good relationship with my state farm agent(played softball with him for years)but still unsure whether i should even ask about insurance through them for track use. afraid my coverage would somehow be effected even if his answer is no cant do it.
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      05-14-2009, 07:28 AM   #7
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Quote:
Originally Posted by chriszeh View Post
whats hpde? i have a good relationship with my state farm agent(played softball with him for years)but still unsure whether i should even ask about insurance through them for track use. afraid my coverage would somehow be effected even if his answer is no cant do it.
Chris a buddy of mine (Porsche driver) noted as of May 1st State Farm has amended policies so no coverage is extended to any racing surface.

We insure our track car for the entire season with WSIB Insurance (www.WSIBInsurance.com/de).

Feff
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      05-14-2009, 08:57 AM   #8
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i looked into k&k and was told coverage was between 3-4% of the value of your car with a 1500 minimum per year. does this sound reasonable? also can you just use that hpde thing every time you go to the track as long as you dont have a claim? thats what i got from the site. didnt see pricing on that type of coverage.
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      05-14-2009, 08:57 AM   #9
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There is detailed discussion on this here:

http://www.m3post.com/forums/showthr...=188461&page=2

If you will participate in 7-10 HPDEs a year, WSIB will sell you an annual policy. Kraig Hopkins is the director of that program there.

http://www.wsibinsurance.com/de/index.html

Underwriter is Hiscox, a syndicate at Lloyd's.

http://www.hiscox.com/ViewCMSPage.as...a-63d56528ff14

For 1-10 HPDE events per year (events with multiple days still count as a single event), the premium is 3.5% of the agreed upon value. For 10-15 HPDE events, it is 4.0%.

Events that involve timed activities are NOT covered, but they have a special product that covers racing and time trials. That supposed to be more expensive though, but I don't have much info on that.

I heard that there are a few companies that sell liability coverage on the track, but I think that is also meant for racing.
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      05-14-2009, 09:02 AM   #10
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okay this policy through k&k was also going to lloyds so must be the same thing. most times in a street incident with regular insurance if they total your car it is no longer yours. with this type of coverage i was told the car would still be mine so any salvageable part read engine hopefully would be able to be sold to recover some cost as well?
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      05-14-2009, 09:10 AM   #11
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Quote:
Originally Posted by chriszeh View Post
okay this policy through k&k was also going to lloyds so must be the same thing. most times in a street incident with regular insurance if they total your car it is no longer yours. with this type of coverage i was told the car would still be mine so any salvageable part read engine hopefully would be able to be sold to recover some cost as well?
I don't know what happens exactly if your car is totalled. In general (with the assumption that the the car can be fixed), the policy states that you would have the car fixed and send them the invoice and they would refund you within a specific time limit that I can't remember. The point is you come up with the cash and pay the shop and get reimbursed later. Kraig did tell them me that they paid off a couple of GT3s in full last year though, so I guess that means they were totalled. Don't know what happened to the wrecked cars though.
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      05-14-2009, 09:18 AM   #12
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Quote:
Originally Posted by Feffman View Post
Chris a buddy of mine (Porsche driver) noted as of May 1st State Farm has amended policies so no coverage is extended to any racing surface.
depends on the state...thsi doesn't NOT apply to Texas....YET.
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      05-14-2009, 11:32 AM   #13
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Quote:
Originally Posted by gobuffs View Post
depends on the state...thsi doesn't NOT apply to Texas....YET.
The only thing you can do is read your policy documents - that's your contract with the insurance company for what they will cover and what they won't cover. Always assume that they don't cover something unless it mentions they do.

In GA they have an exclusion that includes racing services, which means they won't pay out for an incident even at a HPDE. However, unless they have asked you whether you participate in racing or driving schools when issuing the policy then you should be on good ground if they try and get funny about your road cover even though you took out separate, independent coverage for the event.

The reason for that is that if they haven't asked you about it before quoting and issuing the original road policy then you haven't lied or mislead them as to the risk they were entering into and it also shouldn't be a factor in their rating calculations.

There have been stories about people having issues with their normal policy as a result of inquiring about HPDE and track coverage, but you should be able to report the company for any of that sort of behaviour if they didn't require you to disclose that sort of activity before they issued the policy.

I've always worked with the assumption that I'm not covered and require additional coverage from another specialist company for the track time. I've even had a claim when I was in the UK and it was absolutely no hassle to get everything repaired at the shop I chose.

At tracks in the UK the liability rule was basically that you were responsible for yourself and that there was no liability between one driver and another. I guess you could consider this as everyone was at fault or no one. I don't know if that is different in the US where it's generally easier to get a lawyer and sue someone!
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      05-14-2009, 07:00 PM   #14
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Quote:
Originally Posted by Feffman View Post
Chris a buddy of mine (Porsche driver) noted as of May 1st State Farm has amended policies so no coverage is extended to any racing surface.

We insure our track car for the entire season with WSIB Insurance (www.WSIBInsurance.com/de).

Feff
hm, does that differ from state to state? I'm insured with State Farm here in FL and I inquired last week if a HPDE event at Sebring track would be covered and I got in writing from their claims service that I will be covered as long as I'm the driver
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      05-15-2009, 06:58 PM   #15
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talked to state farm today. no go at least in washington.
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