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Originally Posted by soundman98
Gap insurance wouldn't cover a track incident, so not sure why that's even being brought up.
You've got a point on track insurance, but slightly wrong...
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What are you on about? Gap insurance covers the cost difference of what's owned on the vehicle vs. what your comp/coll insurance will cover in the event that the vehicle is damaged beyond repair, totaled. Track insurance covers damage to yourself, your vehicle, or the track facilities, in the event of an incident at a track. Track insurance plus gap insurance makes a track incident, even in a car directly from the dealer's lot, a nuisance, but not a financial wash. Why are you even bringing up self-coverage? It's pretty obvious from OP's statement - "I was on the race track and hence have no insurance. I am in the hole big time and am desperately trying to locate a wreck or some well priced parts" - that they do not have the kind of cash involved in self-coverage.
Quote:
Originally Posted by Tcoat
...Tracked cars get smashed up sometimes. It is the very top risk of the sport and not something to be ridiculed just because the car was new.
It is fun that so many on here are all "You don't even track so what do you know" but then as soon as somebody crashes then it is "you shouldn't track unless you can afford it"...
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Yes, it's very true that motorsports in inherently dangerous. Competition motorsports, vastly more so. I wouldn't say wrecking a car is the top risk of the sport. The top risk of the sport is dying horribly in a crash, unable to escape, as you're burned to death from lack of fire extinguishing equipment in the car. Probably.
Ergo, it is just common sense to make sure that an indecent at the track won't be ruinous.
If a car is vital to your work/life and you don't have a backup, you SHOULD only take your car to the track if you can afford it, and the safety precautions (track insurance and/or huge repair bill) that go along with replacing/fixing it.
I waited to move from autocross to HPDE until I could afford not just the entry fee, but a hotel nearby the track so I would be well-rested, and track insurance, so I wouldn't be in financial difficulty if I crashed. Later, when I had a brand-new car I wanted to track, I had gap insurance, track insurance, and even AAA to tow a potential wreck home so I wouldn't be screwed if I had an incident at the track. I've been practicing what I'm preaching.