Such a thing as "race car insurance"?
 

I did a quick search and didn't find anything on this forum or on google. Some of you know I'm in the process of converting the FD to track only (see car trailer thread). Since I'm storing the car offsite I wanted to put some sort of insurance coverage against theft. My State Farm folks are telling me that my homeowners insurance will not cover the car, and they won't put any comprehensive on it, either. I went to Hagerty's site and they specifically call out that they will not cover 'track only' modified cars (unless it is a show car, like a vintage racer, and then only on an exception basis...).

How are the rest of you handling this? What happens if you're towing your car and you get in an accident, and the car comes off the trailer and whacks someone? What if you have it in a storage area and it gets stolen?

thx.

Beast

There is insurance available for racecars for all the time they are NOT on the track. I'll do some digging for some names. You can also get insurance for the car when it is on the track but as you can imagine its expensive. I think you end up with Loyd's of London or a huge company like that but it comes to about 10% of the value per event. When that is the case you just insure the "hull" or monocoque, basically the part you can't fix.

Parrish Ins. is your company for off track insurance. Got the info off the Production racing forum so double check for sure.

Parish Heacock is the answer!
 

Hagerty gave me a referal to Parish-Heacock, as mentioned by jgrewe. Here is their website:

http://www.heacock.com/index.html

What a great company. For 25K agreed value on the RX7 they will offer insurance to cover theft, fire, paddock, and transportation for only $250 per year. That's just about perfect for my plans.

I love America, and the auto racing community. Pass this on to anyone who asks!

Beast

A friend of mine had some sort of track insurance for his 911, it was $1000 a year or so. This was for DE events, not racing.

Cool, thanks for the info guys!

for "driver's Ed" events your full coverage insurance will likely cover any damage,check fine print of policy. There are companies that cover the car when not on the track as mentioned, but I don't believe they cover the car while being towed(likely only time it would be damaged, theft is another matter though). the coverage for the car during the race is very expensive and really only an option for a car costing more than $100,000. last I checked the minimum was $5000 per event per driver. a couple weekends and you could have bought a spare car and tossed the original car. best to set aside a small portion of the yearly race budget for on track "problems".

Better double check your fine print. Most insurance companies (including State Farm, USAA, Progressive, etc.), "got wise" a few years ago and added language to their policies stipulating that "driving on race courses" constituted "racing", and zero coverage from them.... "Driver's Ed" or not

I do believe some clubs and SCCA offer coverge for members while participating in their events, but i'm not up on the details.

My Insurance: Peter Hahn's Savings Account

SCCA insurance is only on your person, not your car. It covers what your own insurance won't. I'm pretty sure if you have no insurance it covers everything after 30-40 phone calls :wallbash:

I had a friend go through the process after his car fell over at Sebring. I think he ended up paying about $400 total out of pocket just because of the time involved and he didn't want his credit dinged by an ambulance company. They covered everything else.

SCCA and NASA as well as other race and track groups have the liability insurance for the entrant. I know that insurance companies have gotten wise and my insurance is from my checking account as well.