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07-29-2009, 08:27 PM | #2 |
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i pay around 300 for 55,000 coverage for a 2 day track event. Just purchased a 06 Cayman S not track ins on it will take the hit if something happens. I see accidents in 50% of the track day events, mostly in the advance group.
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07-29-2009, 09:59 PM | #4 |
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For an annual HPDE policy, check out WSIB:
http://www.wsibinsurance.com/online/de.shtml I think the rates are 3.5% of the insured value for up to 10 events per year, and 4.0% up to 15 events per year. An event can have multiple days, but the count is per event. This is limited to HPDEs and does not cover open lapping or timed events. BMW CCA endorses Lockton Affinity for single event HPDE insurance: http://hpdeins.locktonaffinity.com/Default.aspx Also, I am sure this thread will eventually get into the details of what is covered by your regular insurance. We discussed that topic in detail in several threads. Most major insurers have already added exclusion clauses for HPDEs in their policies, so check your insurance policy rather than assuming you are covered. If you are in doubt, initiate written correspondence with your insurance company. If they can't state that you are covered in writing, I would be careful.
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07-29-2009, 10:46 PM | #5 |
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This is one of the reasons Track day insurance is a very good idea.Not all incidents are your own doing!
[u2b]<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/5Lv73WqpU3A&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/5Lv73WqpU3A&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>[/u2b] |
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07-29-2009, 11:14 PM | #6 |
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Another view of the same incident.Way too agressive for a track day IMO.
[u2b]<object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/RBl9KjFW_mA&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/RBl9KjFW_mA&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>[/u2b] |
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07-30-2009, 01:36 AM | #7 |
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I purchase my ins through Jacob Katz insurance, out of New York City. www.katzinsurance.com.
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07-30-2009, 07:24 AM | #8 | |
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I watched a very similar thing happen in front of me at LRP from my car; one guy was, for whatever reason, seemed determined not to let the faster car that I've just let pass go. It lead to both of them going off track, and I barely avoided them. Accidents on the track are real--even during HPDEs. They happen for various reasons. Unless you truly don't mind a $60k write-off, track insurance is a good idea IMO.
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07-30-2009, 11:46 AM | #9 |
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I am sure this is going to be one of the most interesting threads (subscribed). Thanks everyone for the valuable pointers.
Insurance: I have been a long time customer of e-surance and so far did not have to deal with them at all (no claims). I liked the fact that their exclusion policy did not preclude driver education events... until NOW. Their new policy explicitly excludes liability and collision coverage for non-competition track events. I will try to find a new provider that can cover me. Preferably, I would like to just have one insurance that will cover both street and track. I will share my results. Track Days: After some 30+ track events in the last 3 years, I have seen a lot of mishaps almost exclusively in the advanced groups. Since I don't want to have to file any claim in the first place, I follow the guidelines below:
Last edited by r53s65e90; 08-03-2009 at 04:08 PM.. |
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07-30-2009, 04:50 PM | #10 |
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I agree most accidents I have seen are in the advanced group. I feel that is where their confidence, excedes their ability.
Driving in the noivce or green groups, I find that most drivers are not pushing, so mistakes can be corrected easier. Of course there is always a nucklehead, just stay away from them. Concerning insurance. I doubt if you will find a standard insurance policy that covers track events. I am in the business and insurance cos are wise to the HPDE events. If you are willing to walk away from a 60,000 dollar car, then the risk is yours. I would find it very hard to do. So I spend 300 for 55,000 of coverage. If you are not willing to spend that well, what can I say. I figure a weekend event, if you have to spend the night is $1,000.00. Event cost, insurance, room, gas, food, wear and tear on the car. You have got to pay to play. Also remember that is is also a liability issue. If a driver is negligent and hurts someone, he can still be sued, the waivers will not stop it. Your insurance will not help you. Hell now a days you do not have to be negligent to be sued. Use wisdom. |
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07-30-2009, 05:22 PM | #11 |
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Does you HPDE track insurance cover liability? I am not aware of any HPDE insurance policies that cover that. The ones I am aware of cover your car only.
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07-30-2009, 05:33 PM | #12 | |
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07-30-2009, 05:51 PM | #13 | |
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07-30-2009, 06:32 PM | #14 | |
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07-30-2009, 07:03 PM | #15 | |
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07-31-2009, 12:55 PM | #16 |
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Lucid provided some good info. For those of you who belong to BMWCCA, you may wish to check out the following benefit. vz
http://bmwcca.org/index.php?pageid=member_discounts
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07-31-2009, 07:05 PM | #17 | |
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07-31-2009, 07:23 PM | #18 | |
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08-01-2009, 05:12 AM | #19 |
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08-01-2009, 11:46 PM | #21 |
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I just got an email from WSIB stating that they just started a new program, which offers liability coverage:
"Through The Chubb Group of Insurance, WSIB offers Drivers Liability coverage for you while you are on track in declared events such as DE, HPDE, Member Days, Autocross, Time Trials and even Club Racing. This policy would cover damages to the track, another vehicle and others. With coverage is based on the number of event you participate in annually. " Disclaimer: I am not affliated with WSIB.
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09-04-2009, 01:22 PM | #22 |
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I have used Lockton Affinity, the one suggested / recommended by BMW CCA. I must say that registering, paying, etc was straight forward...BUT I did not "use" their services since I stayed on the track!
I would really be interested to read from people who unfortunately had to put a claim in...
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