Track insurance

[neil jdmr]

After doing many years of trackdays in older generation cars I've always had trackday insurance as an add-on to my fc policy.

I fancied taking my cayman out but current price rises have gone quite silly. I also looked at the companies offering a seperate track policy but £300+ for a day is a lot on top of the trackday itself.

The multidate policies are equally as steep.

A friend suggested allowing the value to below 40k helps massively (car is around that value probably less anyway) but even at 38k nothing changed.

Is it just a case of suck it up or do many people in modern porsches risk going without.

Its the chance of a driving god or over confidence, a braking marker missed and that modern chassis is rumoured to be a world of pain to repair that concerns me. Even body panels i gather are over the cost of other modern track toys m2/m3 exige etc due to porsche design. Even as I'm writing this it sounds like sales crap, so what's the deal?

[freedman]

Change your regular insurer to Classicline

Includes 6 UK trackdays and they are usually cheaper than most providers for cover anyway

Otherwise you're looking at Reiss or Moris for single day stuff

[TDT]

freedman said:

Change your regular insurer to Classicline

Includes 6 UK trackdays and they are usually cheaper than most providers for cover anyway

Otherwise you're looking at Reiss or Moris for single day stuff

Great advice

[Cheib]

I use Zurich Private Client….includes three track days, agreed value, and no quibble pay out’s repaired with whoever you nominate.

[SV_WDC]

Cheib said:

I use Zurich Private Client….includes three track days, agreed value, and no quibble pay out’s repaired with whoever you nominate.

Who do you use for the valuation? Because I have found certain insurers won't accept PCGB valuation and/or want photos of the engine bay which on most Porsche's is not easily accessible

[Cheib]

SV_WDC said:

Cheib said:

I use Zurich Private Client….includes three track days, agreed value, and no quibble pay out’s repaired with whoever you nominate.

Who do you use for the valuation? Because I have found certain insurers won't accept PCGB valuation and/or want photos of the engine bay which on most Porsche's is not easily accessible

I tell them what the car is worth and they come back with a price for the policy. It shouldn’t need a third party valuation ? If you value the car higher then you pay a higher premium etc ? Never had to provide a photo of the engine bay ? Why do they want that ?

Neither Zurich or Hiscox who I have used before asked for third party valuation on modern cars

I do have to have a third party valuation on a classic 911 I own but that is specifically because of diminution clause ( policy pays out if the car is worth less due to an accident and has been repaired)

[SV_WDC]

Cheib said:

SV_WDC said:

Cheib said:

I use Zurich Private Client….includes three track days, agreed value, and no quibble pay out’s repaired with whoever you nominate.

Who do you use for the valuation? Because I have found certain insurers won't accept PCGB valuation and/or want photos of the engine bay which on most Porsche's is not easily accessible

I tell them what the car is worth and they come back with a price for the policy. It shouldn’t need a third party valuation ? If you value the car higher then you pay a higher premium etc ? Never had to provide a photo of the engine bay ? Why do they want that ?

Neither Zurich or Hiscox who I have used before asked for third party valuation on modern cars

I do have to have a third party valuation on a classic 911 I own but that is specifically because of diminution clause ( policy pays out if the car is worth less due to an accident and has been repaired)

Thanks, had thought most insurance policies with an agreed value clause required an independent valuation. Presumably to decrease fraudulent claims?

A Porsche specialist had mentioned that pictures of the engine bay are usually for older cars - perhaps when people may buy a shell?

EDIT: thanks for the info anyway as will be looking at some of these come renewal

[rawenghey]

I'm locked into Admiral until next year, so I went with Manning for one off track day cover. I've done 3 individual days and it worked out at about £180/day. It's expensive, but nothing I can do at the moment, and going on the TD and paying more trumps not going on one and waiting it out. Car is a Cayman GTS insured for £50k, but given current climate could probably drop that a bit.

[Cheib]

SV_WDC said:

Cheib said:

SV_WDC said:

Cheib said:

I use Zurich Private Client….includes three track days, agreed value, and no quibble pay out’s repaired with whoever you nominate.

Who do you use for the valuation? Because I have found certain insurers won't accept PCGB valuation and/or want photos of the engine bay which on most Porsche's is not easily accessible

I tell them what the car is worth and they come back with a price for the policy. It shouldn’t need a third party valuation ? If you value the car higher then you pay a higher premium etc ? Never had to provide a photo of the engine bay ? Why do they want that ?

Neither Zurich or Hiscox who I have used before asked for third party valuation on modern cars

I do have to have a third party valuation on a classic 911 I own but that is specifically because of diminution clause ( policy pays out if the car is worth less due to an accident and has been repaired)

Thanks, had thought most insurance policies with an agreed value clause required an independent valuation. Presumably to decrease fraudulent claims?

A Porsche specialist had mentioned that pictures of the engine bay are usually for older cars - perhaps when people may buy a shell?

EDIT: thanks for the info anyway as will be looking at some of these come renewal

I can understand it on an older car as provenance is everything for values so proof that its the genuine shell, engine and transmission would impact on the value.

[kmpowell]

In my recent experience I found 'One off' premiums to be c0.5% of the car value you want underwritten.

I used Grove & Dean for my recent foray out to Brands Hatch, as they came in the cheapest by about 15%. But as with all insurance companies you only really find out how good the company is once you have to make a claimclaim, which thankfully I've not had to do yet... so I could be paying for complete bobbins...

[J Chitty]

Just insured mine with Locktons and the PCGB scheme. Incudes PCGB track events.

[plynchy]

Another vote for Classicline.

They’ll provide agreed value for a small fee if thats your thing.

[neil jdmr]

Really appreciate all the input. Looks like I'll be giving classicline a shout.

I'll update how i get on as my current multicar policy is due very soon.

Thanks again.

For the previous price quoted I've been seriously considering a cheap track slag for what the insurance would cost on the cayman.

[Cheib]

neil jdmr said:

Really appreciate all the input. Looks like I'll be giving classicline a shout.

I'll update how i get on as my current multicar policy is due very soon.

Thanks again.

For the previous price quoted I've been seriously considering a cheap track slag for what the insurance would cost on the cayman.

I suspect that a lot of people will come to the same conclusion about track cars. If I did a lot of track days I think it is the way I would go.

[neil jdmr]

Its the unseen costs to trackdays and i found out the hard way. One of my previous cars was in amazing condition when i started trackdays in it. Its fine when you start, your learning your craft etc. Once you get confidence and faster and braking later you get more competitive and that's where your car starts to look tatty.

Burnt track rubber, stones, nails/screws, exhaust/wing bolts along with gravel rash, and trackside repairs. All that is before you even think of god forbid any contact or offs.

My cayman is immaculate like most people's so i want to try it on track as i expect it will be a huge step up but long term, hmmmm!!

[Carl9729]

neil jdmr said:

Its the unseen costs to trackdays and i found out the hard way. One of my previous cars was in amazing condition when i started trackdays in it. Its fine when you start, your learning your craft etc. Once you get confidence and faster and braking later you get more competitive and that's where your car starts to look tatty.

Burnt track rubber, stones, nails/screws, exhaust/wing bolts along with gravel rash, and trackside repairs. All that is before you even think of god forbid any contact or offs.

My cayman is immaculate like most people's so i want to try it on track as i expect it will be a huge step up but long term, hmmmm!!

I think PPF is a must for track work, at least full front and sills.

[kmpowell]

Carl9729 said:

I think PPF is a must for track work, at least full front and sills.

I spent yesterday cleaning mine thoroughly after a session on track at Brands last week. As well as the most obvious places (front bumper, sills and bonnet) it was interesting to see the areas of discarded rubber splattering/collection which I wasn't expecting.

Before I had my PPF done I was advised by a few on here that the trailing edges on the rear bumper get battered, so I had a custom application fitted to protect those areas, and also a couple of areas the fitter recommended (roof leading edge, ). These are areas the normal 'track' package doesn't cover, and you only get with a full coverage, so in essence I had Track+ fitted.

The posters on here weren't wrong, and I'm glad I spent the extra! The lips and edges were splattered. So the ceramic coated PPF made it easy to remove.

The Gtechniq C5 wheel armour was also value for money, as the brake dust literally fell off, not extra treatment required.

Jet-washing the wheels and arches also dislodged some large chunks of rubber which I'd obviously collected (the clunking!) at the end of the evening when on the final cool-down laps.

If I had a track-sl4g I wouldn't bother, but if venturing out on track in anything of value (monetary and/or personal), PPF (and the appropriate ceramic coatings) is a no-brainer IMO.

[neil jdmr]

This I've also looked into and have posted previously but ppf was coming in around £2500 for a track+ deal. Then £1000+ insurance to include trackdays.

£3500 gets you into many track slags.

Mini r53
Type r civic just about
Clios
Leon cupra
Fiestas

Etc.

I'm talking myself out of this thread now doh!!!!

[Carl9729]

PPF Doesn't just protect you on track!

[Ian-27xza]

I use Moris for trackday insurance.

It works out at about £130 per trackday for a car valued at £8k. If my car was total loss it wouldn't be a catastrophe apart from the time to rebuild to track spec again.

It includes trackside recovery (as your RAC/AA/other) will not typically recover you from a track. It also covers insurance on the excess (£1000).

I've done 3 trackdays at Goodwood this year, all without incident but I have seen 2 cars written off since February.

The £130 gives me a great deal of piece of mind and in my opinion, is well worth it. It's about 20% of the true cost of the trackday.