Anyone with info on obtaining track day insurance? After a session at NHIS with "mussel kar", both in the 997TT's, in heavy rain, my thoughts turn to:
1. many more track days
2. I've crashed the bike inthe past, so I'll proabable crash thge car at some point

 

There are a couple of companies, they generally charge a lot, some current auto ins policies will cover driver education, most won't.
In theory, it's a good idea, the reality is that all insurance companies share data. "Racetrack" driving could influence your rates and other policies(life). If anything happens to me at a track I 'll manage it out of pocket.

 

I had exactly the same concern before my first track event. I even called my insurance guy and he sent me the relevant exclusion for "racing." The language (which I assume is fairly common) reads like the exact opposite of the language that the track event guys use. The key factors seem to be: No prizes, no competition (including practicing against the clock) and there being some "point" to the event other than racing/going fast (e.g., safety/education/classroom instruction). If there is no other point to the event, it might be "practice or preparation" for racing, which is also excluded.

The DE guys seem to have their bases covered, but I wonder what happens if you actually have to make a claim. I always hear guys at the track joking about paying the track tow-truck driver a big cash tip to drop off the damaged car 50 miles from the track on a country road. For this reason, there might not be many good examples where people call up their insurance company and say "Hi Bob, I just totalled my $140K Porsche at the race track."

I can't imaging that straight "racing" insurance policy would be practical for a 997TT.

 

You never said that you crashed at that track!

 

Try these guys: http://www.laurelde.com/ . Costs about 3% of the car value for 1 year (30 track days ) coverage. Deductable is 15% of agreed value of car.

 

Some very interesting language in their statement.

The coverage you are requesting is from an insurance company that is not licensed in the United States of America or Canada.
This company is called a "non-admitted" or "surplus lines" insurer. This company is not subject to the financial solvency regulations and enforcements which apply to State, U.S. or Canadian licensed companies.
The insurance company does not participate in any of the insurance guarantee funds created by State, U.S. and Canadian law.
Therefore these funds will not pay your claim or protect your assets if the insurance company is unable to make payments as promised.For additional information, you should contact your insurance agent/broker, " surplus line" broker, the State Department of Insurance or Provincial Insurance Commission.

An optioned out 997TT will set you back $4000.00 per year with a $20,000.00 deductable according to your numbers.

Thanks for the info though.

 

Absolutely correct. They are not licensed, nor participate in the guarantee fund. However, I do know quite a few people using it, and even a few who have made claims (and got paid). They insure quite a few racing teams also. While there is no guarantee they will not go insolvent if you make a claim, it still will add some piece of mind at the track. I ran my turbo for 2 years without it. I never pushed past 9/10 because in the back of my mind I realized if I balled the car up, I was out quite a few nickels I am definitely going to use them with my GT3. Sure the Deductable and premiums are high (as well as there is a small chance they might not be around to pay), but totaling a 100k+ car without any chance of recouping the costs would suck!

They are pretty much the only game in town I think (American Collectors stop offering a policy this year)...so I guess beggers can't be choosers

If anyone else knows of a company...please post!

 

Thanks for the thorough responses Looks like i'll get the GT-3 insured with this underwriter also, certainly insolvency risk is relative compared to the likelyhood of an incident (considering my past record on a motorcycle) as well as driving in close proximity to Mussel Kar .

 

9/10! I dream of getting to 9/10.

 

I have a new view on the value of track insurance after last Fridays DE day at Lime Rock (got bumped up to Intermediate 2 BTW) My thinking that an accident can be avoided by my own skill and caution has been changed.
It was cold as could be on the first run and I could feel that my tires were just not biting. After 3-4 laps I got behind a small pack of slower cars and had to drive even slower around big bend and my **** end started to kick out as I approached the left hander. It was then that I saw a bimmer off in the grass at the start of the turn and just as I took the left hander at a slow pace the car in front of me lit up his left rear tire trying to brake, and spun out and off the track. WTF! Black flags came out all around and the session was ended. The bimmer that was in the grass was the victim of his own oil leak. Another driver closer behind him reported that his car was leaking a lot of oil on the track, as well as fouling the air. The car was not burning oil, the smoke was coming from a major oil leak dripping onto the manifold and the track. The track crew quickly put down some speedy dry and the next run group went out on scheduel.
If it were not for the slower cars in front of me I'm sure that I would have lost control of my car, it was that slippery.

 

There is a company that specialize in track insurance. However your deductible I believe is 10k and you get 2 accidents during your entire life. I know it sounds crazy but I took it out on my 02 cup car. It's really only for total lose situations.

 

What's the name of the company?

 

I will check my records and get back to you.

 

Ever find the name of this company?