Understanding Lockton HPDE Insurance for Car Owners

Lockton HPDE insurance is a specialized coverage designed for car enthusiasts who participate in High-Performance Driving Events (HPDE). This type of insurance is a must-have for anyone who wants to drive their car on a track without worrying about the financial consequences of an accident.

HPDE insurance policies are designed to provide coverage for on-track activities, including damage to the insured vehicle, injuries, and third-party liability. Lockton HPDE insurance policies can be tailored to meet the specific needs of individual drivers, including coverage for multiple vehicles and events.

One of the key benefits of Lockton HPDE insurance is that it can provide coverage for vehicles that are not street-registered, which is often the case for track cars. This means that drivers can enjoy their cars on the track without worrying about the risk of being uninsured.

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Lockton HPDE insurance provides comprehensive protection through its array of coverage types. These include physical damage to your car, liability for injuries or damages to others, and coverage for time trials.

Physical Damage Coverage is the primary focus of most HPDE insurance policies, protecting against damages to your car during an event, including those sustained during participation in HPDE, track day, or time trial events.

If you crash your car at a track day or an HPDE event, Physical Damage Coverage will protect it. Providers like RLI offer single-event policies that deliver this protection.

HPDE insurance specifically covers damages and liabilities during HPDE events, which focus on educating drivers on high-performance driving techniques. This is different from standard auto insurance, which typically excludes coverage for track-related activities.

HPDE insurance is essential because standard auto insurance policies usually exclude coverage for track events, leaving you financially vulnerable if your car is damaged during an HPDE event.

The cost of HPDE insurance generally amounts to about 1% of your car's declared value per event. For example, premiums for a $30,000 car typically range from $190 to $230 per event, while premiums for a $90,000 car usually range from $560 to $600 per event.

To choose the right HPDE insurance, consider the following factors:

The cost of Lockton HPDE insurance is a crucial aspect to consider. It's based on factors like the value of your vehicle, including any modifications, the track, your experience, and previous claims.

For a single track day in a $30K car, you may have to pay $150-250. This is a relatively affordable option for those who want to hit the track without breaking the bank.

Choosing a higher deductible can reduce your premium, but it also increases your out-of-pocket expenses if a claim is made. This is something to consider when weighing your options.

For a $30,000 car, premiums typically range from $190 to $230 per event. This is a relatively standard rate for those who participate in HPDE events regularly.

The cost of HPDE insurance can vary depending on the track where the event is conducted and the event's organizer. This is something to keep in mind when planning your next track day.

Here's a breakdown of typical premiums for different car values:

Overall, the cost of Lockton HPDE insurance is competitive and worth considering for those who want to enjoy the thrill of track driving.

Choosing the right HPDE insurance can be a daunting task, but with some research, you can find a provider that fits your needs. Most vehicles with VIN numbers are eligible for HPDE coverage.

You'll want to consider your risk tolerance and whether you can afford to walk away from a total loss without insurance. Evaluating the reputation of the insurance company and reading reviews from other HPDE participants is also essential for ensuring reliability.

Look for auto insurers with a straightforward and easy-to-use online portal for obtaining quotes and managing policies. Consulting an insurance agent can be helpful in this process.

Some providers, like OpenTrack & RLI, offer an Agreed Value policy, allowing you to set your car's value, which will be reimbursed if the car is totaled.

OpenTrack is a top provider of HPDE insurance, offering physical damage protection up to $500,000 and optional liability protection up to $2 million. Their Drive Better program also offers professional-grade coaching resources and exclusive members-only events.

Hagerty and Lockton Motorsports are also notable providers of HPDE insurance options, with Hagerty offering a flexible portal with instant quotes and Lockton Motorsports providing competitive pricing for track day insurance.

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Lockton HPDE insurance provides comprehensive coverage for your car during high-performance driving events, including damage to your vehicle and financial liabilities. It's a must-have for any motorsport enthusiast participating in track events.

HPDE insurance policies often cover two drivers per event, including the instructor, so you can enjoy the thrill of track days with peace of mind. This coverage is typically not included in standard auto insurance policies.

Lockton HPDE insurance specifically covers modifications you've made to your car, including performance-enhancing modifications, and also covers street-legal cars and non-licensed track cars.

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HPDE insurance is also known as track car or track day insurance, designed to cover financial risks and liabilities during high-performance driving events.

It's a comprehensive policy that protects your car from the moment you enter the track grounds until you leave, which is a big deal considering the investment you've made in your vehicle.

HPDE insurance often includes coverage for car modifications, unlike standard auto insurance, which is a must-have for those who've enhanced their engine for maximum speed or have a custom paint job.

These policies typically cover two drivers per event and automatically include the instructor, providing comprehensive protection for both participants and their mentors during high-performance driving education sessions.

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Definitions are crucial in understanding Lockton HPDE insurance. They help clarify the meaning of specific terms in your policy.

Policy declarations and exclusions are usually clear, but sometimes you need to check the definitions section to be sure. This is where you'll find definitions of bolded or quoted terms that have a specific meaning.

For example, if your policy excludes "driving contest or challenge" events, the definitions section might say HPDE is also excluded. Insurers have made changes to their policy terms over the years, so it's a good idea to review your policy regularly.

If you find that your personal auto policy excludes coverage for HPDE, don't worry. Lockton Motorsports offers HPDE insurance specifically designed to protect your car during events.

Here are the key takeaways from Lockton Motorsports' HPDE insurance coverage:

HPDE insurance is a crucial investment for motorsport enthusiasts participating in track events. It provides necessary coverage for damages and liabilities that may occur during high-performance driving events.

Understanding HPDE insurance is essential to ensure your vehicle and financial investments are protected. This type of insurance is designed to cover specific risks associated with track events.

By considering your risk tolerance and researching providers, you can select the right coverage options for your needs. This will give you peace of mind while enjoying the thrill of track days.

Contacting an ALLCHOICE Insurance Advisor can provide personalized advice and comprehensive coverage.

HPDE insurance is a specialized type of coverage that's essential for track day enthusiasts.

Standard auto insurance policies typically exclude coverage for HPDE events, making it necessary for participants to purchase specific HPDE insurance to ensure adequate protection and compliance with event requirements.

HPDE insurance provides financial protection against various risks, including damage to the car and often modifications, which standard auto policies do not cover.

Here are the key coverage types included in HPDE insurance:

This comprehensive protection is crucial for track day enthusiasts who want to enjoy their high-performance driving experience without worrying about financial risks.

When participating in HPDE events, it's essential to understand that standard auto insurance policies often have specific exclusions for 'track', 'high performance', 'HPDE-type', and 'racing or speed contest events'. This means your standard policy might not cover damage sustained during an HPDE event.

Most standard auto insurance policies won't cover damage if your car gets damaged during an HPDE event. This is because they exclude coverage for 'racing surface' damages, leaving a significant gap in coverage for motorsports enthusiasts.

Many motorsports events require participants to have insurance coverage specifically for HPDE, making it not just a wise choice, but often a mandatory one. This is why it's crucial to purchase a specific HPDE insurance policy to guarantee adequate coverage.

To ensure you have the right coverage, familiarize yourself with the exclusions in your standard auto insurance policy. Check if it excludes 'track', 'high performance', 'HPDE-type', or 'racing or speed contest events'.

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Here are some key exclusions to look out for in your standard auto insurance policy:

By understanding these exclusions and purchasing a specific HPDE insurance policy, you can protect yourself from the financial impact of potential damage and ensure a safe and enjoyable HPDE experience.

If you've made significant modifications to your car, you might be surprised by how much you've invested. With HPDE Insurance from Lockton Motorsports, you can determine the value of your vehicle at the time you purchase your policy, giving you peace of mind.

This policy offers an agreed value basis, which is a game-changer for car enthusiasts who've poured money into upgrades. You won't have to worry about haggling over the value if your vehicle suffers a covered total loss on the track.

Your car mod receipts are crucial, so make sure to hold onto them. This way, you'll have proof of your investment and can rest easy knowing your full investment is protected.

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OpenTrack has an annual policy and offers liability coverage, and it operates in Canada, but it doesn't cover Ferraris.

Lockton and RLI offer coverage for HPDEs, Time Trials, and Track Days.

Hagerty uses RLI on the backend and offers coverage for HPDEs and Time Trials.

OnTrack offers coverage for HPDEs and has an annual policy.

These companies all cover your instructor and an additional driver.

We recommend getting quotes from multiple providers to find the best fit for your budget.

It's essential to read the FAQs and fine print to ensure your track, event, and car are fully covered.

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