Insurance for track only car ?

[Howard Jones]

So here's my question.

Do any of you guys insure your track cars? I know that my insurance will not cover damage done on track to my GT40. But then its a road licenced street car and I need full coverage on it for a number of reasons.

But what about a track car. I would want to insure it against theft for example and fire while setting around in my garage. I am also worried about damage while being trailered.

So lets set some parameters.

1. Value of parts, lets say $50K.
2. Not licensed for the street or registered for that matter. I don't even contemplate a VIN number.
3. Never driven on public roads.
4. Only driven on open track days and not wheel to wheel raced.

Questions:

A. Is it covered for fire and theft in my garage if I declare it on my homeowners policy.
B. Is it covered by my truck insurance policy when being trailered by my truck for damage resulting from a collision involving my truck and trailer (with track car on it).
C. If B is yes then is it also covered for theft while on the trailer.
D. How would I cover it for theft while at the track. Stranger things HAVE happened! Or for that matter anywhere else other than on my trailer and in my homes garage.

I know I can call my insurance guy but I like to know the answers before I ask the questions.

Other information I didn't know to ask woud be helpful.

 

[Fran Hall RCR]

I think Parish Heacock was offering coverage for race cars at one time...only covered for transport to and from the track and storage from what I remember....
Heacock Classic Car Insurance

Found this one online... Gulfway Insurers Providing Motorsports Insurance for Race Cars, Collector, Vintage and Specialty Vehicles
and this ... New Page 1

Hope these help...

 

[Howard Jones]

Thanks Fran. Heacock will do it for offtrack coverage, Gulfway looks good if they will do other than drag cars but must have enclosed trailer, and I sent off a email to the other one.

See all a guy needs to do is ask.

 

[Mike Drew]

It's not a trivial question, either. A friend of mine vintage-races a Lotus Cortina. A bunch of people with suspected ties to the Russian Mob moved in across the street, and not long afterwards, his car trailer was stolen with the Lotus inside (they had just loaded it the night before in preparation for taking it to a race the next day).

The trailer and car were found about two weeks later; the trailer was seriously trashed, and the car had been stripped of much of its running gear (including its rare, desirable and easily traced race twin-cam motor); it had also been pushed out of the trailer while the trailer was underway and rolled into a ditch.

Insurance settlement paid for a replacement engine and all the repairs, and he is now actively racing it again.

The moral is twofold--don't let the Russian Mob see you loading your race car into your trailer and then just leaving the trailer in your driveway, and have other-than-accident insurance on your race car, as it's quite cheap and can literally pay big benefits!

 

[Gary Kadrmas]

My buddy Mossberg 590A1 with a 3" Magnum Slug in the chamber would love an opportunity to say Hi to the any kind of mob or druggie dude. Oh, by the way, it also mounts an M-16 bayonet for close encounters of the stupid type.

Sorry to hear of your loss.

 

[Ron Earp]

There is a company that does coverage for race cars including on-track accidents.

Right before the Jensen blew up at VIR in February a nice looking woman came to the driver's meeting to talk about the insurance. I seriously thought to get it, but only got a pamphlet instead. Little did I know two hours later I'd have a lot of torn up stuff that could have been covered and they were offering coverage for that day!

I'll see if I can find that information. I don't remember it being horribly expensive, but it did cost some dough. Definitely more than road insurance and there were a lot of options.

R

 

[Howard Jones]

Thanks Ron, If I do build a track car, it will take me a couple of years and when it's done I will want to insure it to cover most of the issues mentioned above.

I would love to know the company you mentioned above. Even if the cost is the same as a road car per year it would be stupid to build a 50K ish track car, write it off or have it ripped off and have nothing to show for it.

This subject is an important one and I bet a lot of information is out there in our forum menbers heads.

Lets get it out so that we can all learn together.