Track Day Insurance

Anyone know if VIR offers track day insurance on location?

IS350 wrote

Anyone know if VIR offers track day insurance on location?

Not that I have ever seen.

BTW... yellow 370z.. background at 0:18 seconds on the big track. Yup... yours truly

Ouch

Does not look like he had the bra in the correct place.
vz

Nice attempted parallel parking move... Ouch.

What was that guy smoking? Jerking the wheel opposite of the weight transfer his car was in the progress of then turning against the skid while slamming the brakes.....

Been to a number of auto-x events and have never seen anything like that. Course, vettes are beasts on the track, but a HELL OF A LOT less forgiving then cars like the GTR or ///M3. Better be damn sure of what you are doing with those beasts.

Hopefully the guys was ok, sure he was. Car is screwed though.

Cheers,
e46e92

I purchased a 9-event policy through BMWCCA HPDE. Policy covers most HPDE's and Open track days.

ortho281 wrote  

I purchased a 9-event policy through BMWCCA HPDE. Policy covers most HPDE's and Open track days.

Quanta costa?

klammer wrote

Quanta costa?

Depends on declared value of your car and how many track days per year. Quotes are free.

http://bmwhpdeins.locktonaffinity.com/Default.aspx?cID=1

I just signed up for a multi-event with Lockton. I was hesitant to get insurance per event when often I just go for the day (you pay for three days). The discount you receive with the multi-event makes it all good.

Ironically, the cost of the policy is almost what I paid for street coverage of my old track car.

4u3 wrote

I purchase my ins through Jacob Katz insurance, out of New York City. www.katzinsurance.com.

I just did as well. $400 for $70K in coverage with a 10% deductible.

Fortunately I can make no informed comments regarding whether there'd be any struggles to get the promised coverage, but my insurer - Nationwide - provides written assurance that my standard auto policy covers me during HPDE events.

FYI
YMMV

Car54 wrote

I just signed up for a multi-event with Lockton. I was hesitant to get insurance per event when often I just go for the day (you pay for three days). The discount you receive with the multi-event makes it all good.

Ironically, the cost of the policy is almost what I paid for street coverage of my old track car.

I just signed up with Lockton for coverage at VIR next weekend. Found out that they no longer give a 15% discount for VIR events and on top of that now have a minimum insurance coverage amount no matter what your car is worth. So for the same car ($15,000 coverage) and same track (VIR), I am paying $43 more compared to last year.

Does anyone know if Track Day insurance insures you and the other guy, if something were to happen with another car.

Lockton's website says they provide no liability coverage. So I think if it's your "fault" and the other guy pursues you for the $$$ damages to his/her car, Lockton won't help you with that.

I have NO idea what liability laws have to say about track accidents. You'll sign a waiver that purports to get the track and the event sponsor off the hook, but I don't know what driver-driver civil litigation would be like.

JBasham wrote

Lockton's website says they provide no liability coverage. So I think if it's your "fault" and the other guy pursues you for the $$$ damages to his/her car, Lockton won't help you with that.

I have NO idea what liability laws have to say about track accidents. You'll sign a waiver that purports to get the track and the event sponsor off the hook, but I don't know what driver-driver civil litigation would be like.

I think you're right about the insurance. Regarding liability, there is only so much a waiver can do. It is a dick move to sue other drivers, because we all go out there knowing that a small mistake at speed could cause tragedy. That being said, various state courts have held that the waivers are ineffective as to willful/wanton/grossly negligent conduct etc., and damages have been awarded in civil litigation for HPDE drivers.

I bought insurance for one day total, and net is (~$400) in the hole. Oh well.

Porschefile wrote

I think you're right about the insurance. Regarding liability, there is only so much a waiver can do. It is a dick move to sue other drivers, because we all go out there knowing that a small mistake at speed could cause tragedy. That being said, various state courts have held that the waivers are ineffective as to willful/wanton/grossly negligent conduct etc., and damages have been awarded in civil litigation for HPDE drivers.

I bought insurance for one day total, and net is (~$400) in the hole. Oh well.

Just joined the forum after purchasing an E90 M3 and spotted this thread. My name is Ryan Staub, and I manage our motorsports team at Lockton. We started offering our HPDE Insurance Program in 2008...a couple years after (unfortunately) I totaled my E36 M3 that I had done 100+ HPDE days in. I built this program because this hobby is my passion in life - I've been doing DEs for 11 years, I'm the Chief Instructor for the Kansas City Chapter of BMW CCA, and I've club raced with SCCA and BMW CCA for years. If you ever have questions, suggestions, or need help, feel free to contact me. I'm happy to help, even if you're not doing business with my company.

"Porschefile" is spot on with his comment. Over the years I've seen a few situations where waivers didn't hold up and individuals took on liability for claims related to motorsport incidents. We're working on developing a policy to provide liability coverage for individuals, but I don't have a timeline at this point.

The other liability item most people don't think about is damage to the track. When you sign waivers, everyone is waiving their rights against everyone except the track doesn't waive their rights against you. Barber is notorious for billing drivers for damage to their barriers and I've even heard of bills for sod/landscaping. I'll be club racing with BMW CCA at COTA next month and they've made it abundantly clear that drivers are responsible for any damage they do to the track.

Have fun out there and keep the shiny side up!