Race car insurance

Discussion in 'PSI Superchargers Tech Questions' started by jody stroud, Jul 24, 2016.

  1. jody stroud

    jody stroud ZOMBIE Top Dragster

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    What is the average cost to insure a 140,000 car for on track incidents?
     
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  2. pete9857

    pete9857 Member

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    are you looking at buying one??????????? LOL
    seriously, Jody, I had some on track insurance for the pro stock car we were messing with 4 years ago. It wasnt that much, the company had all kinds of options. I dont remember there name, located in michigan. thought they were in national dragster. Kincaid possibly.
     
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  3. tc1216

    tc1216 Member

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    To my knowledge no one insures race cars for "key on". They will insure it in your shop, in the trailer, in the pits, in the staging lanes. Once you are on the track and engine is running, all bets are off. I looked into it a while back, and all the race car ins. companies said the same thing.
     
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  4. pete9857

    pete9857 Member

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    yes they did, i could choose from the staging lanes, burnout, turn off or towing back to pits or anything in between. we had the car insured for being on the track. just the car, no drivetrain. It was a mountain motor pro stock. but dont know about now.
     
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  5. secondwindracing

    secondwindracing top alcohol

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    Their is a company in my town that will insure your race car on or off track..It don't matter
     
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  6. jody stroud

    jody stroud ZOMBIE Top Dragster

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    Got a name and number for them?
     
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  7. Blown5402

    Blown5402 Member

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    Jody, this is Jim in TN and I have full coverage on my ProMod except when running. They did not want to insure a short door car (on track racing) that runs supposedly fast. The agent is William Horton @ Drag Racer's Insurance in Meriden, CT at 888-901-3849. His e-mail is bill@dragracersinsurance.com and roughly 1.5% of the insured valve. I have had coverage for about 5 years and really good people to work with. He also insures race/toter trucks/trailers and content too-I hope this helps and one other agent in FL that used to race ProMods, but cannot think of his name now, but if Mr. Horton does not work out, I can get his contact name for you-BE SAFE! Jim and the BLR Crew
     
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  8. secondwindracing

    secondwindracing top alcohol

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    I will get you the number
     
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  9. secondwindracing

    secondwindracing top alcohol

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    620 762 600p
     
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  10. secondwindracing

    secondwindracing top alcohol

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    Sorry on my phone doing this
    620-762-6000
     
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  11. Nitro Madness

    Nitro Madness Super Comp

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    I get my policies from Chris Norris too...Off course and storage as well as liability...

    Here is how my policies work:
    Owner's & Sponsors liability policy is $1500 per year

    Off course and storage policy (car not on the track) is $2500 per year and covers race car - trailer - all tools - spare parts - etc...total amount is approx $220K...(this includes every tool and machine in the shop)....I have a spreadsheet with detail of every item and it's location....shop/trailer/car....with serial numbers for everything that I can (blocks/heads/etc.)...also within the spreadsheet I have my cost along with the invoice date, invoice number, amount and vendor....pretty detailed in case of fire - theft - etc...

    So for $4000 per season I think I am covered as much as possible.....some of this insurance is above and beyond what the track has....I send an updated spreadsheet to Chris every season....

    The actual insurance company is K & K and Chris Norris is the agent....

    Chris Norris
    620-762-6000
    Triple C Agency
    triplecagency.com
    chris@triplecagency.com
    Insurance Solutions of Kansas LLC
     
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    Last edited: Jul 28, 2016
  12. bj nelson

    bj nelson New Member

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    Bill lutz over on yellow bullet forum is advertising about on track insurance.
     
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  13. Bottlefed

    Bottlefed New to Blowers

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    Agreed on the Bill Lutz deal he would be the go to guy to ask.
    I know it used to be available for on track use through him and others.... however there were a few dozen guys (and shops) who submitted some grossly inflated repair bills...they had screwed it up for everyone last I heard.
     
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  14. jody stroud

    jody stroud ZOMBIE Top Dragster

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    Thanks guys
     
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  15. Bottlefed

    Bottlefed New to Blowers

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    Here is the email addy for ontrack insurance from his YB postings,

    KENNY@COISERVICES.COM

    Sadly though while getting this info I found out Bill is in really bad shape, I knew he had been in and out the hospital with Pancreatitis etc since April, but things this week have really taken a very bad turn for the worse (currently in ICU after surgery and then suffering a heart attack) so if you have a moment go over to the PM section at YB and send some prayers his way.
     
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  16. Soldierboy0098

    Soldierboy0098 Active Member

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    Mel Eaves with Race Ensur (May not be spelled right) right down the road from me on US 19 is the one Jim is thinking of. Best wishes -Trev
     
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  17. Kramer Metal Fab Inc.

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    I will offer this. I worked in the insurance industry for 5 years. Nitro Madness is doing it the right way. If you are going to spend the coin on insurance. Take PHOTOS and document EVERYTHING. Keep every receipt of every part you want covered. The burden of proof is on the insured with any claim. Do not inflate the values of anything. If an insurance company gets any hint you are trying to inflate your loss in anyway they can become very hard to deal with very quickly. Make sure you understand the difference between Replacement cost and Actual cash value and what the policy covers.
     
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  18. promodracer

    promodracer Member

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    Was the other guy lutz
     
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