Track day insurance
Thread Starter
Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
I’ve tried over the years to get it
But it’s only been selectively available to certain schools. I finally purchased it today as my event was covered. It’s been gnawing away at me more so lately because the events are much more crowded than they used to be and now result in the track time being split into groups of novice/intermediate/advanced.
I’ve been doing these days since 2012 and only last year my regular insurance asked me to sign a track day waiver even though I knew I wasn’t covered at the track.
My gut has been telling me to do something after the last couple track days last year and early this year. Happy I did. I was just curious as to others thoughts. Thanks!
I’ve been doing these days since 2012 and only last year my regular insurance asked me to sign a track day waiver even though I knew I wasn’t covered at the track.
My gut has been telling me to do something after the last couple track days last year and early this year. Happy I did. I was just curious as to others thoughts. Thanks!
Super Member
Joined: Jul 2019
Posts: 679
Likes: 262
AMG GT R Pro
But it’s only been selectively available to certain schools. I finally purchased it today as my event was covered. It’s been gnawing away at me more so lately because the events are much more crowded than they used to be and now result in the track time being split into groups of novice/intermediate/advanced. My gut has been telling me to do something after the last couple track days last year and early this year. Happy I did. I was just curious as to others thoughts. Thanks!
daily or annual policy? Canada/USA?
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MBWorld Fanatic!
Joined: May 2008
Posts: 2,524
Likes: 1,007
From: Overland Park, KS
‘24 BMW iX M60
I never used to use it for many years, but as my cars became faster and more expensive it became a necessity. The piece of mind it gives is tremendous, and worth every penny of the $800-$1000 I was paying for a track weekend on my GTR with both myself and my son driving.
Check out Open Track for insurance as they offer an annual policy that if you do more than approximately 6 weekends per year more than pays for itself. I highly recommend them.
Bish
Check out Open Track for insurance as they offer an annual policy that if you do more than approximately 6 weekends per year more than pays for itself. I highly recommend them.
Bish
MBWorld Fanatic!
Joined: May 2008
Posts: 2,524
Likes: 1,007
From: Overland Park, KS
‘24 BMW iX M60
Bish
MBWorld Fanatic!
Joined: Aug 2002
Posts: 1,309
Likes: 86
From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
Very true. In fact most insurance companies have changed the wording under physical damage exclusions. My USAA policy says "Loss to any vehicle while it is being operated in, or in practice for any driving contest or challenge". Note: no reference to racing. Do you think an insurance company is going to roll over on a $150K or more total loss if they suspect track damage. It will cost you $10-15K to get an attorney to sue the insurance company under a Declaratory Relief Action or Breech of Contract and your chances of prevailing are about 30% at best.
The second issue if you damage the car and lie on the loss report that the damage occurred by some other means then you've negated coverage by fraud and now looking a criminal act. The snowball gets bigger if you leased the car as now you have deal with the leasing company since you violated your lease agreement. When the policy used language such as racing as an exclusion there was a lot of wiggle room. No more.
I'm in the business of litigation and maybe I pushed the envelope in past years but no more.
I've used Lockton's track day coverage and they make it very simple to use.
Thread Starter
Super Member
Joined: Feb 2012
Posts: 961
Likes: 240
From: Canada
2019 E63s
It’s a no brainer
I’ve gone without it in the past simply because it wasn’t available unless you were in a “school” environment. They finally changed it to cover most days and it’s pretty straightforward. I had coverage bound within seconds of filling out the form and pressing send. Like Bish said, the peace of mind is worth it alone... Have a great weekend everyone!!
Junior Member
Joined: Jan 2020
Posts: 32
Likes: 3
AMG GTR
I’ve gone without it in the past simply because it wasn’t available unless you were in a “school” environment. They finally changed it to cover most days and it’s pretty straightforward. I had coverage bound within seconds of filling out the form and pressing send. Like Bish said, the peace of mind is worth it alone... Have a great weekend everyone!!
Thanks!
Super Member
Joined: Jul 2019
Posts: 679
Likes: 262
AMG GT R Pro
Can only put in a replacement value of 150k though. Apparently you can go hire but need an underwriter to consider it.
1 day event and 150k value = $984
MBWorld Fanatic!
Joined: May 2008
Posts: 2,524
Likes: 1,007
From: Overland Park, KS
‘24 BMW iX M60
opentrack.com
Last edited by thebishman; Jul 17, 2020 at 11:50 PM.
Member
Joined: May 2020
Posts: 226
Likes: 55
2020 AMG GT R Pro
I use opentrack.com as well - they are very easy to work with.
It's really a peace of mind and protection of investment at a small cost (comparing to all other track cost), anything can happen on a track, oil spill from the car in front of you, track condition change, etc, no one will be forever safe.
It's really a peace of mind and protection of investment at a small cost (comparing to all other track cost), anything can happen on a track, oil spill from the car in front of you, track condition change, etc, no one will be forever safe.
