Track Insurance: Is it worth the price? (Ryan Staub) - Lockton Motorsports

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 from Lockton is Ryan Staub, to educate us on all the intricacies and details surrounding: Track-Day Insurance. 

===== (Oo---x---oO) =====

00:00:00 The Importance of Track Insurance

00:01:09 Introducing Lockton Motorsports

00:01:34 Ryan Staub's Motorsport Journey

00:04:03 The Evolution of Track Insurance

00:06:42 How to Sign Up for Track Insurance

00:08:26 Understanding Track Insurance Policies

00:10:50 Coverage Details and Scenarios

00:19:42 Off-Track Insurance Explained

00:31:03 Defining Vehicles and Tracks for Insurance

00:40:16 The Claims Process

00:45:48 Discussing Salvage Scenarios

00:46:49 Understanding Deductibles

00:48:47 Street vs. Track Insurance

00:49:36 Claims and Coverage

00:54:56 Trends in the DE World

01:01:34 Q&A Session

01:20:01 Final Thoughts and Contact Information

====================

The Motoring Podcast Network : Years of racing, wrenching and Motorsports experience brings together a top notch collection of knowledge, stories and information. #everyonehasastory #gtmbreakfix - motoringpodcast.net

• More Information: https://www.motoringpodcast.net/
• Become a VIP at: https://www.patreon.com/gtmotorsports
• Online Magazine: https://www.gtmotorsports.org/