"That sounds fairly reasonable. Now that is just liability correct? And I am assuming that applies to timed and untimed events, correct? " As far as I've been told. I started to read the policy again, but got hung up on the sections excluding WAR, Nuclear Energy Liability and Natural Disasters. Then there's the 3 pages on Melicious Code.....
K&K is one of the biggest motorsports insurerers in the country. Champ Car, ALMS, and I think most other major racing series use K&K. Now what is the policy your reading actually for? Is it for you and your car, or is it for putting on an event?
KK used to not have such a policy I am glad they now do. I have inquiry into other guys per lolaman's post but I have no response as to prices yet or seen an actual policy terms. 1500/10 events is really expensive for just trackdays. Hopefully that will include racing too. Pad...look for a racing exclusion or timed event exclusion.
I use them too through Aon Private Client Services and I do carry Liability insurance for my annual race program in NASA, SCCA and Grand Am/Koni. I also cover my trailer and its equipment as well as the race cars through the same policy. The cars are only covered for non race accident and incident such as fire, theft and towing/paddock accidents. On review of cases I concluded that having an insurance company in your corner when plaintiff's suit is served is very valuable. Plaintiff's council knows that you are being advised by professionals and that a settlement (inevitable) is possible without pressing for a bankruptcy. In addition carrying the policy shows that you are aware of the implicit risks especially in states where you will be held liable for negligence alongside the track and the organizer if you could be deemed liable (less damaged) than the plaintiff.
Here's a link for K&K's motorsports info. http://www.kandkinsurance.com/aon/asg/kk/homepage.nsf/($DocumentUniqueID)/411CC5D4CD51457686256B280051D62C?OpenDocument
Some new information, courtesy F-Chat member John Stecher's TrackPedia.com board. No affiliation, endorsement. YMMV. "January 20, 2008 Happy New Year from the staff at Everitt Boles Ltd & Everitt Boles Intl, USA. After an extremely successful 2007, I wanted to let you know that for 2008, we will again be able to provide to all TRACKPEDIA teams and drivers our complete and comprehensive insurance coverage including ON TRACK physical damage, Off track storage, transport and paddock coverage, disability, general liability, and many other services that should help you make your 2008 season a success. Please contact our office at 630-215-5257 or via e-mail for further additional information and pricing. For faster service, a quotation request is also available on the website. We are able to price a complete season, partial seasons, single race events, series and private testing. For those drivers that are renting or for those teams doing prep or rentals, this is the perfect alternative to the crash deposit. We offer boutique-pricing which allows teams and drivers the ability to customize their coverage limits, deductibles, and extras. You or your clients will not pay for someone elses history. All quotes are driver / team specific. We look forward to working with you this season. Sincerely, Brett Ross Everitt Boles Intl, USA 630-215-5257direct www.everittboles.com [email protected]
There is a company in Georgia writing on-track physical damage coverage for DE events. It is an annual policy, with no limit to the number of events. It has a fairly decent rate too. Contact: Anna McManus Liability Underwriters Inc P.O. Box 527 Cumming, GA 30028 678-513-4799 [email protected]
