Track Insurance


DakotaGT

GT Owner
Mark II Lifetime
Dec 9, 2012
1,342
Sioux Falls, South Dakota
- We don't recommend anyone insure a car that is way more valuable than the coverage limit b/c if the coverage limit is "totaled" then we take possession for salvage.

Ooh. I don't like that last sentence at all.
 

Ed Sims

GT Owner
Mark IV Lifetime
Apr 7, 2006
7,498
NorCal
It's true. I have spent the last 2 weeks speaking with every insurance company on the web - even Canadian companies. There are a few that cover up to $500K but many don't. The cars they are looking at are 911s & 488s. I was told that 918s, P1s & La Ferraris are not covered "if you can afford those cars you don't need insurance". I guess the NGT is in the latter group - we don't need insurance. LOL. I'm still driving on the track but hopefully nobody runs into me.

Ed
 

Ed Sims

GT Owner
Mark IV Lifetime
Apr 7, 2006
7,498
NorCal
Insuring your own car for the track is a waste IMO. Most of the time track insurance is used when you are using or someone else's car and the require you to have it. For yourself in your own car, just dont crash the car. Since you are not racing, it shouldn't be hard to do.
Alan - I don't intend to crash on the track, but just like on the road, someone could crash in front of you or someone could crash into you. Insurance is for these unintended, unpredictable incidents. And, yes, one could simply not drive the car on the road or track & avoid the need for insurance. But that's not why Ford chose us to have the honor of ownership.
 

Ed Sims

GT Owner
Mark IV Lifetime
Apr 7, 2006
7,498
NorCal
Ed
It’s open track. That’s the company Drew works with. All you do is go on line and boom.
I went online & also called them. The max amount doesn't even cover how much I paid for the car let alone it's value.

Ed
 

Ed Sims

GT Owner
Mark IV Lifetime
Apr 7, 2006
7,498
NorCal
I did a search on the forum but couldn't find my answer. I have checked with Hagerty, RLI, Open-Track, Xinsurance & Chizmark Larson. They all offer single day stated value coverage for open track events but limit it to $400K max (Open-Track was the exception with $500K). Does anyone know of a company that will go to a higher max? Or are NGTs, 918s, Sennas, P-1s, etc a poor risk on the track?

Ed
 

daytrayd

GT Owner
Mark II Lifetime
Apr 23, 2010
492
Austin, TX
Insuring your own car for the track is a waste IMO. Most of the time track insurance is used when you are using or someone else's car and the require you to have it. For yourself in your own car, just dont crash the car. Since you are not racing, it shouldn't be hard to do.
Tell that to the Mclaren guy who just t-boned you in turn 1 cause they wanted to prove they are faster than you. Seen it...
 

roketman

GT Owner
Mark IV Lifetime
Oct 24, 2005
6,712
ma.
A fellow racer friend of mine owns a company called ON TRACK INSURANCE
OnTrackInsurance.com
Ask for Steve you can use me as reference
Jacob J. Katz & Company
455 Route 304
Bardonia, NY 10954
Telephone1-866-638-0505
1-845-638-0505
 

twobjshelbys

GT Owner
Jul 26, 2010
5,266
Las Vegas, NV
I went online & also called them. The max amount doesn't even cover how much I paid for the car let alone it's value.

Ed
That isn't new. It was also the case when I checked at Rally 9...
 

fjpikul

GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Jan 4, 2006
10,295
Belleville, IL
They are a poor risk and the companies don't want to cover. Make sure they know you are not talking mustang.
 

twobjshelbys

GT Owner
Jul 26, 2010
5,266
Las Vegas, NV
Did you check with Drew at Classic?
 

maxemus

GT Owner
Mark IV Lifetime
Apr 25, 2007
882
Miami, Florida
I was quoted 6k for a three day event but coverage was only 1 mill.
 

Ed Sims

GT Owner
Mark IV Lifetime
Apr 7, 2006
7,498
NorCal
I was quoted 6k for a three day event but coverage was only 1 mill.
I only want $850K coverage for one day. Can you tell me who you spoke with?

Ed

PS Drew is checking for me but he first sent me to Open-Track.
 

fjpikul

GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Jan 4, 2006
10,295
Belleville, IL
I told you so.
 

SPI

Well-known member
Nov 28, 2018
93
Chicago
Which event and what track would you be running with ?

What run group would you be in ? Beginners, intermediate, advanced group ? How much seat time have you had with any car and how much time have you had on the GT?

There are so many factors that dictate how much risk you take on the track.

The best thing you can do is minimizing risk on top of the insurance .

I have run my own private track events and coached HPDE for 12 years nationwide . I have seen a lot of expensive mistakes .
 
Mar 28, 2019
21
Insuring your own car for the track is a waste IMO. Most of the time track insurance is used when you are using or someone else's car and the require you to have it. For yourself in your own car, just dont crash the car. Since you are not racing, it shouldn't be hard to do.
 

maxemus

GT Owner
Mark IV Lifetime
Apr 25, 2007
882
Miami, Florida
Ed
It’s open track. That’s the company Drew works with. All you do is go on line and boom.
 
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68Rcodeman

GT Owner
Mark II Lifetime
Apr 5, 2008
649
Spring Hill, FL.
Ed
It’s open track. That’s the company Drew works with. All you do is go on line and boom.
Ernie, That's not the phrase I would use while discussing this matter. Boom! :)
 

Sinovac

GT Owner
Mark II Lifetime
Jul 18, 2006
5,638
Largo, Florida
Insuring your own car for the track is a waste IMO. Most of the time track insurance is used when you are using or someone else's car and the require you to have it. For yourself in your own car, just dont crash the car. Since you are not racing, it shouldn't be hard to do.
That’s an interesting thought process you have going on there.
 

jaxgt

GT Owner
Mark IV Lifetime
Jul 12, 2006
2,435
Insuring your own car for the track is a waste IMO. Most of the time track insurance is used when you are using or someone else's car and the require you to have it. For yourself in your own car, just dont crash the car. Since you are not racing, it shouldn't be hard to do.
if only it were that simple. I dont think most intend on crashing
 

Drew@ClassicAuto

*Supporting Vendor*
Supporting Vendor
Jan 10, 2008
177
Gentleman, let me get some clarity on some things with OpenTrack and I am talking with another broker that does Track specific to see what other options might be. Will post something soon after I have some answers.
 
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