Insurance at the Track

[JeffBoyette]

Interesting topic. Lots of posts on the internet about the same thing.
Everyone says "take it to the track" but you vehicle isn't covered at the track. :dontknow:

This is the only thing I have found. I would think a call to this guy would get the right answer.

Coverage << this ONLY covers drag cars. Not street cars on the strip.

"Coverage is not provided when the car is going down the race track under power, but coverage is provided in the pits, staging lanes, and on the return road"

 

[wesalbert]

yea, been looking into it more. Seems like I can't find what they call "Key on" coverage.

 

[JeffBoyette]

It's a calculated risk that you accept to play. There would be too many claims and huge payouts for insurers, not to mention frau would abound by racers attempting to replace aging or inadequate parts or claiming inflated values for parts replacements or fees for specialized chassis shops or engine builders. Then you would have counter claims and lawsuits from insurers on tracks for insufficient safety procedures, barriers or slick surfaces. Before you know it tracks would be forced to put barriers between each lane to mitigate risks from the opposing drivers. It would ruin the sport. Any insurer would have to charge a FORTUNE to remain profitable. It's too high risk of a business.

I look at it like this, if you can't afford a vehicle wrecked while racing, you shouldn't be lined up. It's not just your vehicle and your skill that determines your fate.... It's also you opponent, his skill, his vehicle, and the prep of his lane.

 

[099 FEVER]

Track Insurance

K&K Insurance has been insuring race events for decades. For example in SCCA, they apply to K&K for insurance and K&K issues a certificate of insurance listing all the coverage that the track requires. This cetificate must be in the hands of the track before the first vehicle hits the track. A certificate usually covers from midnight to midnight of each day of the event.
This does not cover damage to vehicles. At one time SCCA had vehicle race coverage for it's spec racer class, a vehicle manufactued by SCCA. Thats the only vehicle insurance I've heard of and it was thru SCCA. I have State Farm and they know I have nitrous and modes and also know I am aware of not being covered at the track or pits. I am covered on the trailer or in spectator parking. All depends on the underwriter your State Farm policy uses. They have many to choose from.
I have a friend that crashed his concour winning 67 big block Vette at Sears Point Racetrack. Put the radiator back to the firewall. Ditched the car at the side of the highway and filed it stolen. Only the local paper had a picture of the car at the track and his insurance saw the article. He was threatened with fraud, lost his auto, home and business insurance. He rebuilt the car had it almost complete had a fire in his garage and lost the car and house, no insurance. A few years later he told me dumping the car was the worst thing he did and regreted it. It was still causing a lot of problems for his familly.

 

[JeffBoyette]

K&K Insurance has been insuring race events for decades. For example in SCCA, they apply to K&K for insurance and K&K issues a certificate of insurance listing all the coverage that the track requires. This cetificate must be in the hands of the track before the first vehicle hits the track. A certificate usually covers from midnight to midnight of each day of the event.
This does not cover damage to vehicles.At one time SCCA had vehicle race coverage for it's spec racer class, a vehicle manufactued by SCCA. Thats the only vehicle insurance I've heard of and it was thru SCCA. I have State Farm and they know I have nitrous and modes and also know I am aware of not being covered at the track or pits. I am covered on the trailer or in spectator parking. All depends on the underwriter your State Farm policy uses. They have many to choose from.
I have a friend that crashed his concour winning 67 big block Vette at Sears Point Racetrack. Put the radiator back to the firewall. Ditched the car at the side of the highway and filed it stolen. Only the local paper had a picture of the car at the track and his insurance saw the article. He was threatened with fraud, lost his auto, home and business insurance. He rebuilt the car had it almost complete had a fire in his garage and lost the car and house, no insurance. A few years later he told me dumping the car was the worst thing he did and regreted it. It was still causing a lot of problems for his familly.

Damn, karma is a bitch. As far as this insurance not covering damage to vehicles, what is it for? This is the same situation i was talking about earlier.

 

[Yetti808]

I risk it. My beast is not near fast enough to worry lol. And if something did happen I got a plan and it starts with not running with your tag on incase there is a YouTube freak in the crowd.

 

[SRT10VENOMOUS]

Bump.