Totaled my Z at the track last weekend
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From: Colorado Springs
From LotusTalk
Hey guys, Brian from MotorsportReg.com here. I saw your posts and thought I would provide a few details for people who might be interested.
The insurance program is based on a large amount of crash incident data that we collected from many organizations. Lockton Affinity has priced the insurance to be a sustainable program. I'm sure you've seen other programs come and go and we've been working on finding a partner for this for over a year to try and bring something that will work for HPDE drivers and will stick around.
As Patricko and Lotusfan mention, it's a lot of money if you are going to the track 10x per year. This policy is designed to help the first-time and occasional participants (like Kareem) overcome the hurdle of not having insurance coverage while on track. It's also worth noting you don't have to insure the full value of your car since it's stated policy so if you want to get $15k of insurance on your $30k car (which is probably more than enough to cover all but the most serious shunt at a track event) then you're welcome to do so. I'm not sure what "industry standard" the 5% deductible is higher than but most other motorsports programs I've seen usually have at least the same deductible and a $2500 minimum where this program has a $1000 minimum.
The policies are currently limited to what Lockton calls "structured HPDEs". Those are events with instructors for novices and intermediates, passing rules and a few other restrictions that help ensure a safe environment. Again, it's a conservative, data-based approach that the insurance underwriter felt comfortable covering. Out of the gate those are BMW CCA, PCA, Audi Club and TZC/THSCC events but we are rapidly approving additional clubs from across the country. We want to help bring new people into the hobby and for many people, not having insurance coverage is a deal breaker. We're hoping the HPDE Insurance Program will help make those people feel more comfortable!
Last thing I wanted to point out - this policy will cover you for a full weekend and covers not only you but a co-driver *and* your instructor while driving the car or while sitting in the paddock. It's a very tailored policy designed for HPDE and we're happy with how it turned out. We're hoping as this program succeeds for us to expand it into other segments like open track, autocross and so forth.
I can empathize that it may not be cost-effective for trackjunkies (myself included) but I think the more you do this the more you either become comfortable with the risk involved or you start driving something you can afford/tolerate writing off in the event of a crash. And slide down the slippery slope of a truck, trailer, dedicated race car, impending financial doom, divorce, etc...
The insurance program is based on a large amount of crash incident data that we collected from many organizations. Lockton Affinity has priced the insurance to be a sustainable program. I'm sure you've seen other programs come and go and we've been working on finding a partner for this for over a year to try and bring something that will work for HPDE drivers and will stick around.
As Patricko and Lotusfan mention, it's a lot of money if you are going to the track 10x per year. This policy is designed to help the first-time and occasional participants (like Kareem) overcome the hurdle of not having insurance coverage while on track. It's also worth noting you don't have to insure the full value of your car since it's stated policy so if you want to get $15k of insurance on your $30k car (which is probably more than enough to cover all but the most serious shunt at a track event) then you're welcome to do so. I'm not sure what "industry standard" the 5% deductible is higher than but most other motorsports programs I've seen usually have at least the same deductible and a $2500 minimum where this program has a $1000 minimum.
The policies are currently limited to what Lockton calls "structured HPDEs". Those are events with instructors for novices and intermediates, passing rules and a few other restrictions that help ensure a safe environment. Again, it's a conservative, data-based approach that the insurance underwriter felt comfortable covering. Out of the gate those are BMW CCA, PCA, Audi Club and TZC/THSCC events but we are rapidly approving additional clubs from across the country. We want to help bring new people into the hobby and for many people, not having insurance coverage is a deal breaker. We're hoping the HPDE Insurance Program will help make those people feel more comfortable!
Last thing I wanted to point out - this policy will cover you for a full weekend and covers not only you but a co-driver *and* your instructor while driving the car or while sitting in the paddock. It's a very tailored policy designed for HPDE and we're happy with how it turned out. We're hoping as this program succeeds for us to expand it into other segments like open track, autocross and so forth.
I can empathize that it may not be cost-effective for trackjunkies (myself included) but I think the more you do this the more you either become comfortable with the risk involved or you start driving something you can afford/tolerate writing off in the event of a crash. And slide down the slippery slope of a truck, trailer, dedicated race car, impending financial doom, divorce, etc...
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From: Denver, Colorado
Guys,
For some reason I stopped getting notifications for this post so I haven't read it in a while. Thanks so much for all your kind words - Dave you're totally right - I'm trying to think of this as a learning experience and want to use it to make myself a better driver. If I'd made this mistake at almost any other point on the track I would have simply slid off into the dirt. A costly mistake non the less.
I did hear back from the shop and while she's fixable it just doesn't make sense. It'll be 17k (and I'm sure would wind up being more) and take about 3 months to fix. I just can't see how she'd ever be the same after that.
So I'm going to pull the rear suspension stuff off and the new BBK as they made it unscathed. Then I'm going to start parting her out or try to sell her as is at auction. Gonna start a separate thread on that with my questions.
Once again thank you very much for all your supportive comments. To those of you that have held your tongue and wanted to say "moron, that's what you get!" that you for holding it :-) To those of you who understand why we take these risks thanks for being so supportive.
I think the worst part of this is I miss my Z. I have a 2008 Subaru Legacy as my daily driver so at least I've got transportation. At least it's the non turbo motor and automatic!
For some reason I stopped getting notifications for this post so I haven't read it in a while. Thanks so much for all your kind words - Dave you're totally right - I'm trying to think of this as a learning experience and want to use it to make myself a better driver. If I'd made this mistake at almost any other point on the track I would have simply slid off into the dirt. A costly mistake non the less.
I did hear back from the shop and while she's fixable it just doesn't make sense. It'll be 17k (and I'm sure would wind up being more) and take about 3 months to fix. I just can't see how she'd ever be the same after that.
So I'm going to pull the rear suspension stuff off and the new BBK as they made it unscathed. Then I'm going to start parting her out or try to sell her as is at auction. Gonna start a separate thread on that with my questions.
Once again thank you very much for all your supportive comments. To those of you that have held your tongue and wanted to say "moron, that's what you get!" that you for holding it :-) To those of you who understand why we take these risks thanks for being so supportive.
I think the worst part of this is I miss my Z. I have a 2008 Subaru Legacy as my daily driver so at least I've got transportation. At least it's the non turbo motor and automatic!
Joined: May 2002
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From: Aurora, Colorado
Very sorry to hear that your Z is too far gone. For what it's worth, I'd say your attitude in weighing the damage and learning from this experience bode well for your future in motorsports. Bad things do happen to good people. Motorsports, whether racing or track days, entail a degree of risk that can never completely be eliminated. How we face that says a lot about our character.
The worst part maybe driving that Subaru! LOL
The worst part maybe driving that Subaru! LOL
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Joined: Jun 2003
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From: New Bern, NC
Originally Posted by funkymonkey1111
A driver may be willing to roll the dice on damaging his own car, but also note if you have no coverage under a track activities exclusion, you also have no coverage for damage you cause to another vehicle, person, or other property--potentially exposing yourself to significant liability. While you may sign a waiver that releases the instructor from liability, your fellow track participants certainly aren't bound by that waiver.
To the OP ... hate to see this happen man, but sounds like you've got a good attitude about it.
We're lucky here in NC (and some other states) that insurance companies aren't allowed to exclude coverage for any reason, so the few that have had incidents bad enough to warrant a claim have usually been covered (all that I know of anyway, even with State Farm.) Sadly, they are usually dropped after-the-fact, and I guess that's the insurance company's right. That's why I'm very proud to be included in the Lockton-Affinity program through TZC/THSCC events (and some Asphalt Ventures events.)
Sorry and the incident.
Some members garage there Zs, and take them only for a Sunday drive. Other members drive the car. Open road racing, autocross or drag raging. At some point you are going to push the car beyond limits and skills. It happens.
Some members garage there Zs, and take them only for a Sunday drive. Other members drive the car. Open road racing, autocross or drag raging. At some point you are going to push the car beyond limits and skills. It happens.
I think you're doing the right thing in walking away / not fixing it. Consider it a "sunk cost" and move on - you're obviously got the right mindset and attitude about the whole HPDE thing, and seem to be the right kind of person to bounce back and get in the saddle - PROPS to you for getting back in the offered seat in that Cayman and not being "afraid" to get back out there, I'm not sure I could sack up and do that the very same day.
VERY glad to read (long after the fact) that you're ok and best of luck from here forward!
VERY glad to read (long after the fact) that you're ok and best of luck from here forward!
Originally Posted by Twin Monster Z
I don't really know you but sorry about your loss and glad you are ok! will you like to get rid off some stuff before you get rid off her like the brakes???
Have some compassion & class nOOB.
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