Racing insurance? Options

[BillJ]

Question over in the general paddock area sparked my mind on looking into insurance for vintage racing. Who is using this kind of coverage here and do you recommend a particular company? I have already gotten a preliminary quote from Hagerty but what other reputable firms are doing this?

[BillJ]

Dead on right guys! I dug deeper on the quote and they confirmed it was just STP. Will have to check out American Modern as well.

Does anyone here insure on track?

[slivel]

Dead on right guys! I dug deeper on the quote and they confirmed it was just STP. Will have to check out American Modern as well.

Does anyone here insure on track?

I did one time and decided it was more than I wanted to pay and so I just took the risk. I did carry STP through American Modern. My trailer and car were stolen in 2016. American Modern was ready to write a big check for the loss when the car was recovered - but with damage. They covered $8k in repairs to the car.

If you don't want to pay the premiums for on-track insurance like me, set aside in a bank account the deductible and then each race add the cost of on-track insurance. If you drive conservatively and are not unlucky you will in time have saved enough to be self-insured. Insurance companies try not to operate at a loss. They have evaluated the risk and loss ratios and this is why the premiums are what they are. I survived 23 years of wheel to wheel racing with only minor incidents (and no 13/13 sanctions). It was great fun (and expensive).

[BillJ]

Dead on right guys! I dug deeper on the quote and they confirmed it was just STP. Will have to check out American Modern as well.

Does anyone here insure on track?

I did one time and decided it was more than I wanted to pay and so I just took the risk. I did carry STP through American Modern. My trailer and car were stolen in 2016. American Modern was ready to write a big check for the loss when the car was recovered - but with damage. They covered $8k in repairs to the car.

If you don't want to pay the premiums for on-track insurance like me, set aside in a bank account the deductible and then each race add the cost of on-track insurance. If you drive conservatively and are not unlucky you will in time have saved enough to be self-insured. Insurance companies try not to operate at a loss. They have evaluated the risk and loss ratios and this is why the premiums are what they are. I survived 23 years of wheel to wheel racing with only minor incidents (and no 13/13 sanctions). It was great fun (and expensive).

Good advice for sure. I have a reserve fund set aside already and prepared to walk away if needed but thought it may be reasonable to insure. I will see if American Modern rates are better than the Hagerty quote for STP and forego the on track coverage.

Now where did i put my beer money? (IMG:style_emoticons/default/beerchug.gif)

As an aside, who here other than John (Kermee) runs in the mid to south east and with what orgs?