Car insurance at motorsport event

[Shonky.]

What do members do in regard to insuring their vehicles when they do track days or drag racing?

I would assume none of the mainstream car insurance companies offer any kind of cover for these events?

Is there a practical option for very occasional use - say 2-4 times a year?

Do people just self insure - Ie. be careful and hope nobody else takes you out?

I am comfortable with the risk at the drags for the most part, but what happens at a track if someone takes you out? If they have no insurance and are broke could you end up with a situation where you have to take them to court and they then end up paying you back over 10 years?

[Stefan]

No insurance no blame, your car gets bent you pay to fix it.

Someone puts you in the wall and your car is a write off, bad luck for you.....that's racing.

If you can't afford to lose your car don't race it.

[BigAL_250]

Even if the other party does have insurance, no company's normal policies will cover damage caused by motorsport.

There are companies that specialise in motorsport insurance, OAMPS and the like, just type motorsport insurance into google and you'll get them all.

[Trevor 57]

You can buy insurance for the race track, I think Shannons do it, if not they might be able to help you


Everyone knows that normal car insurance does not cover you on a racetrack so stop posting that info, the OP already knows that

[psychoticgroove]

Shonky, aren't you running a new GT 335? Specialist motorsport insurance would be a killer for that, one can only assume....

[Shonky.]

Originally Posted by BigAL_250

Even if the other party does have insurance, no company's normal policies will cover damage caused by motorsport.

There are companies that specialise in motorsport insurance, OAMPS and the like, just type motorsport insurance into google and you'll get them all.

Yeah, that's what I meant by no insurance, that they were not insured whilst at the track.

I have had a bit of a google around, but many of the products available seem to be more around transport to events and against theft and damage in storage etc and stop once you get to the start line. Seem to be more for dedicated track cars as a substitute for regular car insurance rather than intended for street cars to be covered at the track.

Maybe I am wrong?

Does anyone on here insure their road car on track days?

Thanks for the reply

[BigAL_250]

Originally Posted by Big Trev

Everyone knows that normal car insurance does not cover you on a racetrack so stop posting that info, the OP already knows that

Who are you and what the heck is your problem?

The last paragraph of the OP made it unclear, so I said it in no uncertain terms.

[BigAL_250]

With the amount of people doing track days in their road cars, someone must be providing an insurance policy to cover them. It would not be like the insurance industry to leave an untapped source of income alone.

[Shonky.]

Originally Posted by psychoticgroove

Shonky, aren't you running a new GT 335? Specialist motorsport insurance would be a killer for that, one can only assume....

Yeah, correct. Thought the same, but would not like to be shopping for an xd or something to put my 5.0 in after writting the GT off (as much of a weapon as it would be)

Doesn't matter how careful you are if some drifter wannabe cleans you up it would be tears before bedtime.

I am prepared to accept the risk of 400m, but the track seems a bit more risky.

Would really love to get onto the track but :(

[Shonky.]

Originally Posted by Big Trev

You can buy insurance for the race track, I think Shannons do it, if not they might be able to help you

Thanks, but no cigar.

Just rang Shannons. They can't offer cover regardless of whether one is an existing policy holder or not.

All they can cover is everything up until when you enter the grounds of the event.

The only option he knew of was using a broker to get offshore insurance from Loyds of London or the like.

Sounds expensive!

:(

[XDV800]

For what it's worth, it may be worthwhile asking your insurer whether they consider non timed/non competitive track activities as driver training/advancement, and if coverage can be offered to suit an agreement of off street conditions.

While not entirely similar to 4 wheel tin-tops, I had my Yamaha R1 insured with Swann years ago because they offered certain conditions related to off road activities.
I participated in a cornering school at Phillip island and my bike had a light side to side roll. $10,500 worth of repairs which was mainly plastics and ancillaries and i had my bike back good as new. All paid for by insurer, $500 excess.

[fat4D]

shannons used to have somethin where you told them what you were doing and you paid X amount to be covered. Although i think for that you also had to belong to a club sponsored by shannons

[rancidpunx]

Get a mate to help you push it out the front gate, down the road abit, and into a ditch.

[xisled]

Contact the insurance ombudsman, they can give you some contact numbers.

[Trevor 57]

Originally Posted by BigAL_250

Who are you

I am Big Trev and I live in Rural Victoria and I am known for having an opinion

Originally Posted by BigAL_250

and what the heck is your problem?

No problem, you?

The OP asked who he could insure with NOT 'would he have insurance on a race track'

[The Yeti]

Shannons will cover pre 48 on the drag strip and I beleived it was an option for later cars but not standard as it is with pre 48

[Shonky.]

Originally Posted by The Yeti

Shannons will cover pre 48 on the drag strip and I beleived it was an option for later cars but not standard as it is with pre 48

The did say that, yes. Probably should have said so too for the benefit of anyone that falls into this category.

I think they said it had to be over 65 years old, and also part of a club. The phone sales guy from Shannons knew nothing that would cover anything newer though.

[Shonky.]

Originally Posted by xisled

Contact the insurance ombudsman, they can give you some contact numbers.

plan A

Originally Posted by rancidpunx

Get a mate to help you push it out the front gate, down the road abit, and into a ditch.

plan B

[Shonky.]

Originally Posted by yzfr101

For what it's worth, it may be worthwhile asking your insurer whether they consider non timed/non competitive track activities as driver training/advancement, and if coverage can be offered to suit an agreement of off street conditions.

While not entirely similar to 4 wheel tin-tops, I had my Yamaha R1 insured with Swann years ago because they offered certain conditions related to off road activities.
I participated in a cornering school at Phillip island and my bike had a light side to side roll. $10,500 worth of repairs which was mainly plastics and ancillaries and i had my bike back good as new. All paid for by insurer, $500 excess.

Think the phone operator from RACQ is still laughing at me. I know they are conservative, but no need for that lady.

Thanks for the idea but

Wanted to go to Lakeside on Sunday. Might just watch I think

[GasoLane]

If your into Motor Racing (in any form) you must have a CAMS license, give them a call they may be able to help.

[Shonky.]

Was just for this:

http://www.qldraceways.com.au/all-au...air-dinkum-day

still, I am not renowned for having awesome luck.

Might just stick to the 1/4 for now

[Mercury 8]

Originally Posted by rancidpunx

Get a mate to help you push it out the front gate, down the road abit, and into a ditch.

Only trouble with that plan is it will probably be all over the internet before you get it out the gate!

[GasoLane]

If it's just a track day and you only need a civil license it will probably be only one car at a time on the track.

[Shonky.]

Originally Posted by GasOLane

If it's just a track day and you only need a civil license it will probably be only one car at a time on the track.

heard about it here:

http://www.fordforums.com.au/showthr...1347945&page=4

Yeah, might just go out there and make a call on the day - see how sensible folks are being

[Trevor 57]

Originally Posted by shonkymofo

plan A


plan B

I was on the Committee of Benalla Auto Club (the owners of Winton and Wakefield Park) and a Porsche bloke tried that and got himself into all sorts of shyte, he smacked the wall at Winton, took it out on the road and said it hit a tree, the insurance company rang Winton as they smelt a rat

[AWD Chaser]

Originally Posted by psychoticgroove

Shonky, aren't you running a new GT 335? Specialist motorsport insurance would be a killer for that, one can only assume....

Shouldnt be that much of a killer - no one can hit you when your way out in front

[Shonky.]

http://www.youtube.com/watch?v=y0wGKb-xfTA

[XRtowcar]

http://www.realdealinsurance.com.au/

[MrEL]

Originally Posted by XRtowcar

http://www.realdealinsurance.com.au/

Start reading the fine print and you will see.
Special Note:
There is no cover available for the vehicle whilst engaged in any racing or testing activities. Cover is excluded from when you leave your pit to move to and enter the staging lanes and/or race track. This exclusion applies to both options.

Its on the second page. Might be worth reading everything before recommending stuff.

[Shonky.]

Originally Posted by XRtowcar

http://www.realdealinsurance.com.au/

thanks for the suggestion

Originally Posted by MrEL

Start reading the fine print and you will see.
Special Note:
There is no cover available for the vehicle whilst engaged in any racing or testing activities. Cover is excluded from when you leave your pit to move to and enter the staging lanes and/or race track. This exclusion applies to both options.

but yeah, true that.

I think this type of cover is more for track/weekend cars that don't have regular insurance and/or rego.