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HPDE INSURANCE PROGRAM PROVIDES ON-TRACK
PHYSICAL DAMAGE COVERAGE
MotorsportReg.com will be offering the HPDE Insurance Program
administered by Lockton Risk Services! Lockton Companies is the
largest privately held insurance brokerage firm in the world. The
program is a great value and is not just another insurance policy -
it was designed specifically for the needs of HPDE attendees. Here
are the highlights:
* Primary coverage for incidents in the paddock or on the circuit
* Covers primary driver, a co-driver and their instructor
* Agreed-value policy
* Covers modifications
* Single-event policies will be purchased online in 5-10 minutes
Cost varies slightly state-by-state based on taxes and other
legislated fees, but the following table gives you an idea of how
affordable this coverage is:
Agreed Value Approximate Premium (with fees)
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$20,000 $124
$30,000 $182
$40,000 $239
$60,000 $353
$80,000 $468
HPDE INSURANCE PROGRAM PROVIDES ON-TRACK PHYSICAL DAMAGE COVERAGE
As you can see, this is a policy designed by enthusiasts for
enthusiasts. Based on our feedback from organizers, we believe that
this policy will help encourage nervous participants to try one of
your events or permit your long-time participants to continue
running when their insurance policy excludes their hobby.
Initially this program is being offered to "structured" driving
event programs with classroom instruction, instructors provided for
novice and intermediate students, passing only with a signal and a
maximum spin rule or something similar that promotes keeping the car
on track. Due to state laws, the program won't initially cover
events in CT, OH, NM or NC but we should have a solution for those
states within the next few months.
In the next couple of weeks, events on MotorsportReg.com from BMW
CCA, PCA, Audi Club and TZC will begin displaying small promotional
graphics for this program. The links will provide some general
information about the program and link off to the details including
a sign-up form at Lockton's website. We encourage all other programs
to contact Ryan Staub for inclusion:
Ryan Staub
Lockton Affinity
866-582-4957
rstaub@locktonaffinity.com
Ryan is an instructor for BMW CCA Kansas City as well as an SCCA
racer so this is not some suit trying to push insurance! He has done
a remarkable job at building a customized package that addresses the
needs of the HPDE community.
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