Lockton HPDE Insurance

[2012Boss302]

Has anyone here had to file a claim with this company? I'm giving some serious thought to getting for my next track day. Piece of mind kind of thing.

If anyone has had the unfortunate chance to file a claim, how was the process? I'm actually more interested in coverage of a fender bender than a total loss...

 

[kona302]

had wall to fender with a GT3 several years ago. Lockton payed without issue. Good luck. Hope you never have to use them.

 

[SCGT500]

I’ve used them for many years, but fortunately never had to make a claim.

 

[Grant 302]

No experience with Lockton, though I am curious about their pricing.

I like this quote system that Hagerty uses:
https://ecommerce.rlicorp.com/HPDE/Application/QuickQuote/Hagerty

 

[302BOB]

Insurance is like ....you fill in the blank....you have to have it but you don't want to use it...........

 

[ArizonaBOSS]

I’ve used them for many years, but fortunately never had to make a claim.

Same.

Now that I compete, I utilize their "transportation and storage" insurance services. Again, never made a claim but it's good to have the safety net.

 

[Fat Boss]

I filed a claim. They were completely professional and had a guy out to look at it very quickly. I ended up getting paid off from my regular insurance agency and called off the dogs, so I didn't get an actual check.

 

[TymeSlayer]

Used but not used. Never had to do a claim but I once cancelled an event I couldn't make it to and the gladly reimbursed my money. Great folks at Lockton.

 

[Kevin Guzniczak]

I filed a claim. They were completely professional and had a guy out to look at it very quickly. I ended up getting paid off from my regular insurance agency and called off the dogs, so I didn't get an actual check.

What were the circumstances that caused your regular insurance to pay off? Was this a HPDE event? What insurance?


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[Kevin Guzniczak]

I filed a claim. They were completely professional and had a guy out to look at it very quickly. I ended up getting paid off from my regular insurance agency and called off the dogs, so I didn't get an actual check.

What were the circumstances that caused your regular insurance to pay off? Was this a HPDE event? What insurance?


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[Fat Boss]

What were the circumstances that caused your regular insurance to pay off? Was this a HPDE event? What insurance?


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USAA paid it. It was at Spring Mountain for the Shelby Bash. I told them I was on track but not racing and slid into some tires, all 100% true. Everyone at USAA just wanted to rubber stamp their portion of the process until one day towards the end of everything I get a call from some guy at USAA who says, "we shouldn't be covering this."

At that point I told him the train had left the station. I told him they had already declared my title a salvage to the state of CA, had paid off my loan at the credit union, and had offered me money on the equity I had in the car- and that I had verbally accepted their offer. I told him to go talk to their legal department. He said he'd call me right back. Ten mins later he called and said they were going to cover me.

 

[Kevin Guzniczak]

USAA paid it. It was at Spring Mountain for the Shelby Bash. I told them I was on track but not racing and slid into some tires, all 100% true. Everyone at USAA just wanted to rubber stamp their portion of the process until one day towards the end of everything I get a call from some guy at USAA who says, "we shouldn't be covering this."

At that point I told him the train had left the station. I told him they had already declared my title a salvage to the state of CA, had paid off my loan at the credit union, and had offered me money on the equity I had in the car- and that I had verbally accepted their offer. I told him to go talk to their legal department. He said he'd call me right back. Ten mins later he called and said they were going to cover me.

Thanks for the explanation.


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[SavetheManuals]

+1 on Hagerty, they seem to have better pricing than Lockton and I am much more confident in their underwriter than Lockton's which is specified as a non-licensed, surplus, non-admitted insurer in CA. Not trying to knock Lockton, and unless Lockton's underwriter goes bankrupt this shouldn't make a difference but I just feel better about Hagerty, plus it was significantly cheaper for me. No personal experience filing claims either way, just my takeaway from purchasing insurance from both.

 

[2012Boss302]

I went with Hagerty. Hopefully I won't need it but it is a little peace of mind.....