Has anyone found a major insurance carrier that does not exclude HPDE? (I am aware of track insurance). I am trying to determine if any major carrier has not yet amended their exclusionary language to use of an automobile "on a track".

It sounds like a simple question, but it is not easy obtaining the language from each carrier. My hope is that someone has or knows someone that has a policy which has not yet incorporated this language.

Thanks in Advance.

 

Great question. I'm sure anyone's normal auto policy does not cover anything that might happen on a track.

 

This is a tricky question. Whatever answer you get may NOT be applicable to you (different policy, different state, etc.). That said, in my research on the web, Geico apparently doesn't have an explicit exclusion. HOWEVER, it's case-by-case. One HPDE crash may get covered, another may not. It's apparently very arbitrary because they always have fine prints in their contracts that will allow them discretion. So maybe a little damage at slow speeds they'll just treat it as a normal incident. Total a $150K car, well, they might decide it's some form of racing and it'll be uphill battle. Just preparing for competitive events can void coverage. So you may not actually be competing but they'll say it's practicing for competition.

 

I hear it helps if you attend events that do not measure lap times. Then it is not considered competetive.

Of course you need to make sure they dont have exclusions for coverage, within a certian radius of a race track.

Geico used to not have that exclusion, then they later added it.
But that was on my past Nevada policy.
Not sure about other states.

AAA and Farmers are supposed to be the 2 best at paying claims, so check what their policys say.

 

Anyone know of a reasonable track DE insurer? I've seen posts referring to around $250/day. The cheapest I've gotten is around $900/day. I have a couple more days coming up and would like to find a more reasonable solution.

 

I have done a fair amount of research and find that Lockton Affinity provides insurance at the most reasonable price all things considered.

If you are insuring over 100k, then the deductible is a flat 10k. After a PCA discount, they seemed to be the most efficient. They also offer multi event policies. I strongly recommend that you have a conversation regarding coverage amounts. If you under insure, you can wind up having to buy your car back to repair it. They declare a total loss at around 70% - 75% of value. For example, If your care is worth 100k and you insure it for 80k and it is declared totaled, you will be paid 70k, (80k-10k) but they own the car. The out of pocket will be 30k. My point is that the incremental difference between insuring for full value vs. partial value is not worth the out of pocket risk in my opinion.

 

I've yet to see a standard auto-policy that didn't have an exclusion of sorts for off-road use. It seems the wording gets cumbersome because technically a parking lot, public stadium or your driveway could be considered off-road, so I think they try to accommodate typical usage on your own property etc.

Even if they don't indicate track as a specific case, I'm pretty sure if you have any kind of accident on the track you would be screwed.

If I were so inclined to put my Porsche on a track (regardless of it being an event, timed etc) I'd have it insured for that specific case.

 

Great information, thank you. What do you typically pay them per event if you don't mind me asking?

 

I suggest that you visit Motorsportreg.com This site will guide you to HPDE events and insurance. If you are not already a member, you will have to sign up (free). You can obtain quick quotes on this site from Locton Affinity.

For example, agreed upon value for $110,000 is $622 before club discounts or specific track surcharges. The charge is event specific , so it would in this case cover a two day event at Lightening Speedway in NJ. The website will also provide multi-event coverage 6,12, so on. On important note, they will not cover you if you have had a claim with them within 3 years. Their coverage is damage only, not liability. Liability should not be much of an issue as we all sign liability waivers to avoid lawsuits. The policy will cover an instructor driving your car for no additional charge.

 

Here ya go! More fun to drive than a Porsche, just as fast - and for $ 8K, no insurance needed.

http://www.race-cars.com/carsales/ot...98738593pp.htm

 

Sure but is it as safe? From the description:
"Reluctant to crash chassis so only autocrossed car since 1997."

 

When I tried to get a Lockton Affinity quote thru a PCA website, it was unbelievably expensive--something like $800+ per event for a declared value of $115k. Maybe I was doing something wrong, but it wasn't anywhere near $600. I'm doing a 6-event package with ontrackinsurance.com / Jacob Katz Co. It's around $575 per event for a declared value of $108k. Applies whether it's a one-day or 2- or 3-day event. Obviously a 3-day event is the best value.

 

Hmmm! Did you request HPDE or Racer's Insurance? I was referring to HPDE.

 

I always assume that insurance wouldn't pay for use on a race track, regardless of what the name of that use is. Don't care what the policy says and I wouldn't try calling them to make a claim either.

 

Liberty Mutual was a sponsor for the last PCA event at Road America. I spoke with another member and he stated that they will cover for HPDE. I have yet to look into it.

Marc