Although many collector cars are of the type that call out for pedal-to-the-metal speeds
—Ferraris, Lamborghini's, Maseratis—insurers are, not surprisingly, touchy about these six-, seven- and even eight-figure vehicles competing on the racetrack.
Some carriers allow collector cars to hit the track in very specific and controlled circumstances—basically for a leisurely spin around the circuit.
“There are driver-education days where a new or vintage car can get on the track, and the owner can learn how to handle the car with an instructor—but that's very different from racing,” says Jim Fiske, vice president and U.S. marketing manager for Chubb Personal Insurance.
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