Physical Damage protection for your team “Competition Unit” and “Equipment” whenever stored, transported to and from events, and while it is in the paddock and pit areas.
Covered property to include but not limited to Competition Vehicles, Show Vehicles, Trailers, Tools, Engines, Spare Parts, Misc Equipment
Valuation of loss based on “Agreed Value” of property rather than actual cash value
Coverage extended to competition vehicle under own power for incidental movement
No Coinsurance
World Wide Coverage available
$1000 Minimum Premium
Coverage Provided by WSIB Motorsports Insurance:
MGA with the longest standing carrier relationship in the industry today (carriers rated “Excellent” or higher by A.M. Best)
Experienced, professional staff dedicated to the motorsport industry with over 50 years combined industry experience
Attendance at industry conventions including but not limited to RPM Promoters Workshops, Performance Racing Industry Trade Show (PRI) and Specialty Equipment Manufacturers Association (SEMA)
In house loss control
24-hour emergency phone service
In house claims service
In house policy administration and underwriting decisions
Many industry sanctioning body and racing association recommendations
Event attendance by WSIB staff
Ineligible items for this program are vehicles licensed or registered for public road use
and or units NOT owned by insured or “Contractually” obligated to insured
