a frind o mine in south carlina wint out to tha racetrack this past weekend an he seen this wreck go down

at least it wuz a beemr but a s2k bit tha dust to

woops

 

Wow, I thought the camera was gonna hit the cars.

 

So, were all drivers OK? I was definitely amazed to see the camera car come out the other side of that one.

 

[QUOTE=mxt_77,Aug 13 2008, 12:06 PM]

So, were all drivers OK?

 

That blows!

Is their insurance going to cover for that or what?

 

Oopsie... the Bimmer has a Rookie sticker, too.

And no, I doubt they have racing insurance, and your normal auto insurance policy doesn't cover accidents that occur on the racetrack.

 

Whoa, that is a bad day.

 

So how much are the racing insurance and stuff?
Is it pretty expensive?

 

Ouch, bad day indeed.

 

Race cars don't have on-track insurance, at least I don't know of any. It would be waaaaaaaaay too expensive. The only insurance policy I was able to find for my race car was PST (paddock, storage, and transportation) insurance. In other words, if the car is moving under its own power, it's not covered. It's covered when it's sitting in the paddock, in a storage facility, or while it's being transported.

My insurance policy is an agreed upon value, full loss policy. i.e. damage is not covered unless it's a full loss (fire while in storage, theft, etc).

The rule of thumb is that if you can't walk away from it financially, don't race it. I know every time I go out on the track, I may leave without my car at the end of the weekend.