Track Insurance - Lockton Motorsports - National Motorsports Safety Association

Safety is always paramount in *any* sport… and Motorsport is no exception. However for many of us, track insurance is still a hit-or-miss idea. There are a number of us who drive cars “cheap enough” that we feel we can take the risk, and then there are others who drive expensive cars that would financially and emotionally tear them apart if something bad were to happen. Some of our more senior members will tell you, “don’t drive something on track that you can’t afford to walk away from”, well… not everyone shares this viewpoint.

Insurance is a funny thing… and in most cases it’s a necessary evil. It’s something that we all pay for but we also hope we never have to use. And in the world of Motorsports, especially HPDE, there are a few companies out there that may offer track insurance but on this episode we’re going to focus on one specific company, Lockton Motorsports, the original and largest Track Insurance provider in the United States. And joining us tonight from Lockton is Ryan Staub, to educate us on all the intricacies and details surrounding: Track-Day Insurance.

**Note: This episode was inspired by true events in 2018; Check out the original article by Brad N about GTM members John R and Erin K – and their experience with Track Insurance.

In our discussion with Ryan, we cover topics like:

How Lockton first formed their HPDE Insurance solution and Ryan’s involvement in HPDEs since 2002.
How does someone sign up for Track Insurance? What are the costs/plans? Are there packages? How do you determine “declared value?”
What does the policy cover? The car, the driver, or both?
What about an incident in the paddock? What about in transit? Is the trailer covered? What if something happens while the car is on the trailer?
How much personal liability insurance is provided when track insurance for a vehicle is purchased?
Common types of incidents and claims – what are the common causes? How does the claims process work?
Q&A session with questions from our GTM members and more!
CHECK OUT: Lockton Motorsports – FOR MORE INFORMATION ON TRACK INSURANCE