California - Racing insurance for Private Autos

Leave your comments here on hard to place accounts.

Moderators: Josh, independent guy

Forum rules
Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
Post Reply
cbevington
Insurance Journal Enthusiast
Posts: 11
Joined: Wed Nov 14, 2012 6:11 pm

California - Racing insurance for Private Autos

Post by cbevington » Thu Mar 10, 2016 4:41 pm

I have a client who thinks he is Mario Andretti on the weekends. He wants to race his private auto on a race track and is looking for a one day track driving policy.

So far, the best I can find is $275 premium for collision damage to the car only. No Liability. And the deductible is 10% of the value of the car! Not ideal.

Does anyone have a market in California for one day high performance driving on a private track? Ideally it would include some liability coverage.

Thank you!

socalmark
Insurance Journal Fan
Posts: 3
Joined: Fri Oct 10, 2008 3:54 pm

Re: California - Racing insurance for Private Autos

Post by socalmark » Sat Mar 12, 2016 12:19 am

cbevington wrote:I have a client who thinks he is Mario Andretti on the weekends. He wants to race his private auto on a race track and is looking for a one day track driving policy.

So far, the best I can find is $275 premium for collision damage to the car only. No Liability. And the deductible is 10% of the value of the car! Not ideal.

Does anyone have a market in California for one day high performance driving on a private track? Ideally it would include some liability coverage.

Thank you!
This is where I get mine:
http://locktonmotorsports.com/partner/p ... e=cha02970
It isn't cheap, doesn't cover liability, typically 10% ded. You have to pay to play.

cbevington
Insurance Journal Enthusiast
Posts: 11
Joined: Wed Nov 14, 2012 6:11 pm

Re: California - Racing insurance for Private Autos

Post by cbevington » Mon Mar 14, 2016 11:18 am

Thank you!

Amazing no one offers liability to the drivers. Potential market opportunity....

Companyman
Insurance Journal Enthusiast
Posts: 11
Joined: Fri Dec 11, 2009 1:33 pm

Re: California - Racing insurance for Private Autos

Post by Companyman » Mon Mar 14, 2016 2:24 pm

This is going to continue to be a specialty market and with a high rate/deductible. There just isn't enough market to drive this to a better price. I have a close friend who does timing for BMW and Porsche clubs throughout the country. He will argue that it isn't "racing" but "driver education". It is on a closed course, not door to door driving, and oftentimes will not require any special modifications to the vehicle. This came up during a conversation about a BMW that went into a corner and had about 1000 miles on it. I questioned where coverage was and he responded "with his personal auto carrier, like mine". I guess I would be happy that you have a customer that is conscience enough to realize that they need specialty coverage.

socalmark
Insurance Journal Fan
Posts: 3
Joined: Fri Oct 10, 2008 3:54 pm

Re: California - Racing insurance for Private Autos

Post by socalmark » Fri Mar 18, 2016 1:49 pm

I was just notified RLI is offering HPDE event coverage now also.
https://www.rlicorp.com/track-day
It's the same coverage as the others, collision only. No one I know of will write liability for these events. Would you put your own money up for liability on track day? I don't think any insurance company would either. However, the sponsors of the event do have liability. But all drivers must sign waivers.

Post Reply

Who is online

Users browsing this forum: Bing [Bot], Google [Bot] and 1 guest