insurance for a track rat?

so today I made what might be a fatal error (for my POS) my insurance asked why I did not have full coverage on my porsche. I was dumb and said because its just a track rat. now It is un-insurable do I have any options? And WTF I am not trying to get insurance on the track.

different insurance company for the track car?

I guess

It just kinda sucks. am I the only one dumb enough to make this mistake?

My insurance broker knows exactly what the Targa Miata is.

the proper answer to the question of why you don't have full coverage is "because i don't want or need it". they don't need to know any more than that.

I guess I know that now....

Yeah find a different insurer, don't tell 'em anything...

Or go to the specialty insurers. Jones Brown, I think, is one that does race cars. Wasn't there a insurance article in Classic a couple months ago? Does Haggarty or those type do race cars as well as classics?

IIRC Hagerty does insure race cars but they might have restrictions on what they insure.

try these guys too. They insured all my racing equipment (even my racecar) when not on track. I'm pretty sure they have a policy for tracked street cars too.

http://www.mldavisinsurance.com/motorsports_track_benefits.html

thanks I will check this out

BoxheadTim wrote: IIRC Hagerty does insure race cars but they might have restrictions on what they insure.

When I insured my E30 through Hagerty, one of the online questions was whether it would be used for 'competition' events - including auto-x. For half a second, I considered clicking 'yes'... then changed my mind...

junkbuggie, The reason they would turn you down after your response has nothing to do with the collision coverage on the car. It's the liability coverage they are worried about. If the worst were to happen on the track and you hurt someone, they don't want to be on the hook. Yes...most insurance policies have exclusions for "racing" or other similar events, but they'd still probably spend a fortune on legal fees.

If an insurance company flat out asks if you do autox or HPDE or any type of competition, you definitely don't want to lie about it. That can really put you in a bad spot. A lot of standard insurance company applications don't specifically ask. If they don't ask, then that's the way to go. Just don't expect coverage, which most people don't, if something were to happen.

For our edumacation, what Co dropped the coverage?

Lockton offers insurance for track cars...

my State Farm agent knows exactly what I do with my cars... that said, when I was doing PDX's with the Integra I asked him what would happen if I hurt it at a PDX ... he told me they would probably pay off ... then drop me immediately .. the 'teg now is a DD and the CRX has liability only... he said "no problem"...

wbjones wrote: the 'teg now is a DD and the CRX has liability only... he said "no problem"...

That's what I would do for a street legal track car, but I am in the "if you can't afford to lose it, then you can't afford to race it" camp.

I knew a guy who rolled/totalled his MINI at a HPDE. His insurance paid out, although he didn't give any details and was pretty mum about the whole thing until the insurance had been sorted out.

tis a moot point in my case, since the E30 will not see another auto-x while I own it.