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As I have posted one of the activities I wanted to try was to take my car to the track. There are many events where after classroom training you can get your baby out on the track......raceway park in NJ is an example. These events are called High Performance Driver Education and are non-competitive non-racing events. However, unlike the past many of the insurers have closed the loophole that allowed you to participate in these events and still be covered under your personal automobile insurance. historically, many policies had exclusions for racing or timed events but not HPDE. However, many of the companies now exclude any racing or high speed events not on public roads. I have written confirmation that State Farm will exclude losses arising from HPDE events.
So OK just buy the coverage separately...........you will need Physical Damage for the car and liability for any bodily injury that you would cause to spectators other drivers or the professional drivers in your car........there are a number of companies that offer the physical damage but most carry a 10% deductible based on the value of the car and cost approximately $550 each event. While the premium is not bad on a $95K car you will have a 9,500 deductible!! You cannot insure for less than the MSRP for those of you with the wheels turning......
Liability is not available.........i found one program that provided $1M liability limit for $1,500 annually but that is excess of a sanctioned track coverage which you will not be covered under. The program was also designed for professional racing teams and similar organizations.
One person I talked to stated that every one signs a waiver of liability against each other (which you would have to confirm with the track you are going to) which may lead you to believe you do not need liability insurance but you still have exposure to the professional drivers at the track...........compared to the physical damage coverage, the liability exposure is much greater. Also, I ma not a lawyer but suspect the waiver may be breeched especially if you seriously injure some with a few children and a good career. I would want a legal opinion of any waiver to ensure they were ironclad.
So just wanted to let everyone know what I found as I saw some threads where people (including myself!) were taking to the track............I have closed the doors so sadly on taking my baby on the track.........
So if you are thinking of going to the track be sure you know what you are getting into and what your exposure will be! Good Luck.
So OK just buy the coverage separately...........you will need Physical Damage for the car and liability for any bodily injury that you would cause to spectators other drivers or the professional drivers in your car........there are a number of companies that offer the physical damage but most carry a 10% deductible based on the value of the car and cost approximately $550 each event. While the premium is not bad on a $95K car you will have a 9,500 deductible!! You cannot insure for less than the MSRP for those of you with the wheels turning......
Liability is not available.........i found one program that provided $1M liability limit for $1,500 annually but that is excess of a sanctioned track coverage which you will not be covered under. The program was also designed for professional racing teams and similar organizations.
One person I talked to stated that every one signs a waiver of liability against each other (which you would have to confirm with the track you are going to) which may lead you to believe you do not need liability insurance but you still have exposure to the professional drivers at the track...........compared to the physical damage coverage, the liability exposure is much greater. Also, I ma not a lawyer but suspect the waiver may be breeched especially if you seriously injure some with a few children and a good career. I would want a legal opinion of any waiver to ensure they were ironclad.
So just wanted to let everyone know what I found as I saw some threads where people (including myself!) were taking to the track............I have closed the doors so sadly on taking my baby on the track.........
So if you are thinking of going to the track be sure you know what you are getting into and what your exposure will be! Good Luck.