Quote:
Originally Posted by RickFLM4
The most interesting part of this thread is seeing how many people completely misunderstand the very simple points originally raised by the letter in Roundel and subsequent posts.
Unless someone can provide the name of an insurance company that will sell property / liability insurance to participants in an event like this (where the participant is not using his / her own car) there's probably not much point in continuing the circular discussion.
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I know this might seem overly coincidental, but we just started our annual business insurance policy review on 6/15. I was on a call with our broker, and I took some time to inquire about this with a guy who I trust.
With the disclaimer that he had zero experience with "track day" insurance, he suggested that I consider an umbrella, and was kind of surprised that I hadn't already looked in to one in a general sense. He said that anyone who owns a home, or who has accumulated a decent net worth should consider one. He also mentioned that depending on who the policy is written with, it may even cover property damage.
I looked in to a bit, and it looks like GEICO's umbrella policy would be a good starting point:
https://www.geico.com/information/ab...ance/umbrella/
Quote:
Property Damage Liability – covers the cost of damage or loss to another person's tangible property. Examples include the cost associated with:
• Damage to vehicles and other property as a result of an auto accident where you are at fault
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You would, of course, need to make sure that the policy doesn't exclude track days, and that it doesn't follow-form of any existing auto insurance policy.