[Tcoat]

Originally Posted by series.trackday

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.



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.

I said top risk as in most common incident not worst risk as in the most horrific result.
Gap insurance is almost guaranteed to be nonapplicable to a track accident. It will be right in the fine print.
All in all I don't think anybody has said that track insurance is a bad idea just that each individual should know if it is needed by them. Back when I did track you can bet I spent the little bit to have insurance. Never had to use it but I bet my times would have been a hell of a lot slower without it since I would have been worried every second I was driving.