Does anyone insure there race car

Posted By: B3Cuda

Does anyone insure there race car - 05/03/12 03:58 AM

My insurance policy is coming due soon on 2 of my cars and thought about seeing if I could get a better rate with any place else or change the policy around for better coverage in general.
I have regular collector insurance on one car & the race car has a modified car policy. I do realize it won't be covered for an on track incident, but it just got me thinking just like most everyone else there is a lot of money tied up in these cars. So I was just curious to see how many people do insure there cars and who is the most reputably company out there. I contacted American Collectors insurance & they were twice what I pay now and got a bit of a runaround about insuring a race car, Hagerty said no way to a race car.

Posted By: camastomcat

Re: Does anyone insure there race car - 05/03/12 05:05 AM

Quote:

My insurance policy is coming due soon on 2 of my cars and thought about seeing if I could get a better rate with any place else or change the policy around for better coverage in general.
I have regular collector insurance on one car & the race car has a modified car policy. I do realize it won't be covered for an on track incident, but it just got me thinking just like most everyone else there is a lot of money tied up in these cars. So I was just curious to see how many people do insure there cars and who is the most reputably company out there. I contacted American Collectors insurance & they were twice what I pay now and got a bit of a runaround about insuring a race car, Hagerty said no way to a race car.

I insure mine through Kincaid insurance, in Ohio. It's around $900 for the year for the car, contents of the trailer, and the trailer. It goes by the value and my stuff is insured for a value of $90,000? Good luck, I've never had to claim them so can't say how good it is, but he's a racer.

Posted By: jdfpam

Re: Does anyone insure there race car - 05/03/12 05:28 AM

I also use Kincaid Insurance in Canton, Ohio. Like the last post, I have never had a claim. Give Dick a call and tell him that we said to call him.
I pay about $360 per year. It is a race car and I carry about $45,000 worth on it. It covers the car everywhere except on the racetrack itself.

Jeff Day
Precision Automotive Machine
Canton, Ohio

Posted By: cudaboy

Re: Does anyone insure there race car - 05/03/12 11:51 AM

http://coiservices.com/a/

Contact Bill Lutz at this place. They will insure race cars and will cover on track incidents. He has a Outlaw 10.5 Camaro. You can search for info on him at YellowBullet, nothing but good things.

Dennis

Posted By: 440lebaron

Re: Does anyone insure there race car - 05/03/12 01:56 PM

stone ins avon ct, bill horton races at lebanon valley ny. i was paying $500 for $35.0000
http://www.hortonis.com/contact_us.htm

Posted By: Keith Richards

Re: Does anyone insure there race car - 05/03/12 02:07 PM

Mine is insured when at the house and in trailer ect , everywhere but on track through State Farm as a classic car, bout $130 a year for $30k agreed value. Then burnout box to time slip booth for an agreed value of $30k as well and running 9.0 sec et's for way less than $1k a year that is through Lloyds of London and it is way cheaper then anyone else as I have got quotes from Lutz and all the others. Been insuring this way for over 10 years.

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Attached picture 7190560-579311_3299570481644_1039374105_2979003_1748958871_n.jpg

Posted By: smokinwoody

Re: Does anyone insure there race car - 05/03/12 02:23 PM

Quote:

Mine is insured when at the house and in trailer ect , everywhere but on track through State Farm as a classic car, bout $130 a year for $30k agreed value. Then burnout box to time slip booth for an agreed value of $30k as well and running 9.0 sec et's for way less than $1k a year that is through Lloyds of London and it is way cheaper then anyone else as I have got quotes from Lutz and all the others. Been insuring this way for over 10 years.

I had my Duster insured by State Farm as well...it was insured for fire and theft only..all my trailers are also insured by them, but those include liability, collision, theft and fire...it isnt that much per year....you need to get special insurance for the track but as far as I know, there is no liability Insurance unless you go to a special Insurance company like whats offered in the National Dragster in their ad pages.....the track has the medical and you NHRA membership has some...but they dont cover the cars

I know there are a few that will insure for the track, but thats mega bucks...

Posted By: 408strokerdart

Re: Does anyone insure there race car - 05/03/12 04:23 PM

Mine is insured everywhere except on track. I mean from the turn off to the staging lanes is covered. Stated value of $70K and covers the trailer (anywhere in the continental US), car and trailer contents. I think I pay about $700/yr, but it was costing $500/yr to just insure my trailer and that coverage sucked.

Posted By: Steve1118

Re: Does anyone insure there race car - 05/03/12 04:30 PM

I use Horton, myself. Covers car, trailer, and tools everywhere except from the waterbox to the finish line.

Well worth the price.

Posted By: Thor500

Re: Does anyone insure there race car - 05/03/12 05:34 PM

Quote:

Mine is insured when at the house and in trailer ect , everywhere but on track through State Farm as a classic car, bout $130 a year for $30k agreed value. Then burnout box to time slip booth for an agreed value of $30k as well and running 9.0 sec et's for way less than $1k a year that is through Lloyds of London and it is way cheaper then anyone else as I have got quotes from Lutz and all the others. Been insuring this way for over 10 years.

Who writes the Lloyds of London insurance policy?
I checked with Lutz and he was crazy high, I thought.

Posted By: Joe Grippo

Re: Does anyone insure there race car - 05/03/12 08:02 PM

Quote:

I use Horton, myself. Covers car, trailer, and tools everywhere except from the waterbox to the finish line.

Well worth the price.

Same here...Totally worth it.
Reasonable agreed value rates.

http://www.dragracersinsurance.com/faqs.htm

Posted By: Keith Richards

Re: Does anyone insure there race car - 05/03/12 08:27 PM

Quote:

Quote:

Mine is insured when at the house and in trailer ect , everywhere but on track through State Farm as a classic car, bout $130 a year for $30k agreed value. Then burnout box to time slip booth for an agreed value of $30k as well and running 9.0 sec et's for way less than $1k a year that is through Lloyds of London and it is way cheaper then anyone else as I have got quotes from Lutz and all the others. Been insuring this way for over 10 years.

Who writes the Lloyds of London insurance policy?
I checked with Lutz and he was crazy high, I thought.

Lutz was like 3 times what my agent is, If I had to pay what they wanted I would sell my cars and quit racing!

Now I don't know if it is because I have had on-track insurance with our agent for 10+ years with out incident or

as my rate seems very reasonable compared to the other companies I solicited last year. I did have a friend that had a claim a few years back and he was paid off and even bought back what was left for a very reasonable sum. My agent is with the Hartland Ins. group that advertises in the back of ND. I will Pm you her email.