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Old 01-11-2006, 07:07 PM   #1
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Default INSURANCE?

We are starting a new club and track. How do we go about getting insurance? How much does it cost?
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Old 01-11-2006, 07:47 PM   #2
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Quote:
Originally Posted by KENZO88
We are starting a new club and track. How do we go about getting insurance? How much does it cost?
most tracks use the ROAR insurance..check it out....
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Old 01-11-2006, 08:12 PM   #3
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I heard that they were having some problems. Is this true? Is there any other insurance out there?
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Old 01-11-2006, 08:18 PM   #4
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No. It is not true. ROAR is at its strongest right now with over 6,000 members and currently with financial holdings exceeding six figures to enable the organization to put in place many managerial changes including Race Management Teams for national venues.

ROAR insurance is most likely the cheapest and most inclusive liability insurance for you, the racer and the track/land owner out there. Click on this link: http://www.roarracing.com/faq.php for a description of the insurance and www.roarracing.com for the entire website for ROAR.

The tabs on the top of the home page include a 'join' section that gives you information for joining as a member or a track or an industry affiliate. http://www.roarracing.com/join.php
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Old 01-11-2006, 09:49 PM   #5
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but I hate having to be a ROAR member Dawn...
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Old 01-11-2006, 10:04 PM   #6
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Our club has group insurance with a bunch of local clubs(RC CARS/RC BOATS/SLOT CARS and RC AIR PLANES) ITs covers everyone under one policy. Last i checked we paid 500$ a year split by 4 clubs.(no one individual pays for it the clubs do) We dont bother with ROAR since we are in Canada. Also it ads way to much cost to the idividual members. ROAR fees+TRack Fees+club membership=too much fees.
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Old 01-11-2006, 10:11 PM   #7
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Yep, I'll have to agree. In order for your racers to be covered, they must join ROAR as well as your club. I've found over many years of running one of our local clubs that most all of our racers refused to come out of pocket to pay to join ROAR. If we made it mandantory to be a ROAR member, we would have lost 80 to 90 percent of our members. Also.... Having them sign a liability release waiver WILL NOT prevent you from being sued in the event that someone gets hurt.

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Old 01-11-2006, 10:33 PM   #8
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I dont understand racers that would quit racing befor they would spend what roar charges to join so the track could have insurance, pretty small amount compared to what we all spend in this sport
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Old 01-11-2006, 11:28 PM   #9
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I have nothing against ROAR, with that said and I could be very wrong but I think AMA's insurance covers r/c cars as well as airplanes.
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Old 01-12-2006, 02:49 AM   #10
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Be aware that there are more liabilities than somebody getting hurt. Especially if you have your track in a building, with a hobby shop.

You need to cover the business, building, and your goods against fire and theft. You'd probably be looking at a couple grand a year, but not sure.

I'm a licensed insurance agent, but dealt with mostly construction contractors, a different kind of coverage. I would look into the ROAR coverage, but understand it may not provide all the coverage you need.

Be sure to have casualty insurance (which covers you) to help you if something catastrophic happens to the business. IAnd you MUST have liability, to cover your customers (racers).
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Old 01-12-2006, 04:47 AM   #11
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Are track is going to be at a county park, which I'm sure has some type of insurance. So I'm asssuming that we would need some sort of secondary coverage.
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Old 01-12-2006, 08:31 AM   #12
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You'll need liability coverage. Our club has an outdoor offroad track on city owned property, and an Indoor onroad track in a building of a non profit org. We insure both on one policy and our yearly premium is about $1600.
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Old 01-12-2006, 11:09 AM   #13
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Quote:
Originally Posted by Joel Lagace
We dont bother with ROAR since we are in Canada. Also it ads way to much cost to the idividual members. ROAR fees+TRack Fees+club membership=too much fees.
I don't understand. ROAR is USA and Canada. For $30.00 club affiliation and $35.00 extended liability ANNUAL fee for ROAR, its the most inexpensive insurance.

So, for $65.00 (US) annual which is about $80.00 Canada, I believe.
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Old 01-12-2006, 11:10 AM   #14
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Quote:
Originally Posted by minicooper
I have nothing against ROAR, with that said and I could be very wrong but I think AMA's insurance covers r/c cars as well as airplanes.

That is not correct. We have checked into that rumor several times.
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Old 01-12-2006, 01:12 PM   #15
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So,.....I guess that we'll check into ROAR. It seems like the most inexpensive. Our club is just starting out so there is not a lot of members. But, being the only r/c club in a fifty mile radius, we feel that we are going to grow very rapidly. That's about a 300,000 population area.
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