I think it would be a great idea if we had a little round table discussion here about insurance.

It's pretty obvious that most of us have a significant chunk of money tied up in our racecars, trailers, tow vehicles, and tools/equipment, but how many of us are really protected (and how well protected) in the event of theft, fire, disaster, etc?

To get things started, we should each share what we have, where we store it, how/if we are covered, and whom our insurer is. Any suggestions, stories, or recommendations are appreciated!

A little about me...

I have a small garage set-up in a rented warehouse with a few other racers. I would estimate about $15k worth of assets stored there including car, spares, tools, and equipment. I have no insurance coverage there, but I am interested in obtaining it.

I also have a daily driver POS civic, a late model Chevy 1500 tow vehicle, and an 18' enclosed trailer.

I have a comprehensive auto insurance policy from Geico for my street cars and they offer an add-on policy for the trailer. With an agreed value of $8k for the trailer, the comprehensive coverage is only a few dollars per month and provides an additional 50% of the value of the trailer ($4k) worth of coverage for loss or damage to what is inside the trailer, no matter the circumstance.

I feel well covered when I'm traveling to/from a race, but not so much for everything else. I've been looking into some umbrella policies, but yet to find something I'm happy with.

Additionally, does anyone have a general liability coverage against law suits or financial loss? What would happen if someone got hurt and sued me as a result of my racing? (ala hitting a corner worker or losing my mind and ramming into all the ITA Acuras and Hondas)

Again, any suggestions, stories, or recommendations are appreciated.