Demystifying Track Day Insurance: A Deep Dive with Lockton Motorsports

This episode features Ryan Staub from Lockton Motorsports who discusses the intricacies of track insurance, particularly for HPDE (High Performance Drivers' Education) events. Hosted by Brad and Eric from Gran Touring Motorsports, they explore the importance of track insurance, safety concerns, and dispel various myths about insurance coverage. Key topics include the coverage details provided by Lockton Motorsports, how to sign up for track insurance, and addressing diverse inquiries from their membership. Ryan emphasizes the differentiation between Lockton and its competitors, outlining their customer-centric approach and extensive involvement in the motorsports community. The episode concludes with a robust Q&A session addressing specific listener queries about track insurance, including coverage for damage, driver liability, and insurance for competitive events. ===== (Oo---x---oO) ===== 00:00:00 The Importance of Track Insurance 00:01:09 Introducing Lockton Motorsports 00:01:34 Ryan Staub's Motorsport Journey 00:04:03 The Evolution of Track Insurance 00:06:42 How to Sign Up for Track Insurance 00:08:26 Understanding Track Insurance Policies 00:10:50 Coverage Details and Scenarios 00:19:42 Off-Track Insurance Explained 00:31:03 Defining Vehicles and Tracks for Insurance 00:40:16 The Claims Process 00:45:48 Discussing Salvage Scenarios 00:46:49 Understanding Deductibles 00:48:47 Street vs. Track Insurance 00:49:36 Claims and Coverage 00:54:56 Trends in the DE World 01:01:34 Q&A Session 01:20:01 Final Thoughts and Contact Information ==================== The Motoring Podcast Network : Years of racing, wrenching and Motorsports experience brings together a top notch collection of knowledge, stories and information. #everyonehasastory #gtmbreakfix - motoringpodcast.net More Information: https://www.motoringpodcast.net/ Become a VIP at: https://www.patreon.com/gtmotorsports Online Magazine: https://www.gtmotorsports.org/