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Trackday insurance

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How do you approach the possibility of accidents on track?

Own a car I can afford to walk away from
40%
 40%  [ 6 ]
Insure my car so I'm not out of pocket in an accident
6%
 6%  [ 1 ]
It'll never happen to me
0%
 0%  [ 0 ]
Reshell/break in the event of an accident to recover most cost
53%
 53%  [ 8 ]
Total Votes : 15


Wed Nov 16, 2016 1:58 pm PostPost subject: Trackday insurance
alistairolsen
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Joined: 16 Nov 2007
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Who uses track insurance products?

I've always taken the approach of not running anything on track that I can't afford to walk away from, with the idea that as long as I'm walking after an accident, I'll be happy enough.

Obviously that threshold varies for people, but there are a lot of track cars kicking around which are worth substantial sums; do people generally insure, or accept the risk, or simply hope it won't happen to them?

I've read about the various issues of insured and uninsured cars coming together on track and the insurer subsequently pursuining an uninsured party for the costs which complicates things further.
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Wed Nov 16, 2016 2:15 pm PostPost subject:
andybell
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great thing about current mini class as the bits are all very cheap
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Wed Nov 16, 2016 4:33 pm PostPost subject:
nefarious
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I've previously looked into it, and the excesses make it limited in its use.

IIRC the excess on a 20k VX220 Turbo was 5k, and a claim would have to be notified to the road insurers. 5k pays for quite a lot of repairs, and IMO the risk of a total loss is substantially lower on track than road (no oncoming vehicles, run-off, tyre barriers etc etc).

Currently run a Westfield, and own a welder, so repairs are cheap as chips.
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Wed Nov 16, 2016 5:20 pm PostPost subject:
jockthedog
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Joined: 10 Nov 2010
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Location: midlothian

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I insured the GTR a few times on track - once for oulton park in fact.

10% excess is pretty heavy, but a 4k bill is better than a 40k bill.

The last dozen or so outings I was running on hope of not being hit. Easier to avoid, in a car like that!
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Wed Nov 16, 2016 5:30 pm PostPost subject:
AMD
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I got my fabia insured for the track Scotland day on Saturday.

Car valued at 9k insurance was 63 with an excess of 125.

This was via a specialist www.moris.co.uk
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Mon Nov 21, 2016 3:45 pm PostPost subject:
s60tca
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AMD wrote:
I got my fabia insured for the track Scotland day on Saturday.

Car valued at 9k insurance was 63 with an excess of 125.

This was via a specialist www.moris.co.uk


Thats pretty decent.
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Mon Nov 21, 2016 4:51 pm PostPost subject:
AK
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Location: Aberdeen

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Are they 'fully comp' for track use?
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Mon Nov 21, 2016 5:27 pm PostPost subject:
AMD
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Location: Hamilton

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AK wrote:
Are they 'fully comp' for track use?


There was a list of exclusions here was the list.

 use on the road or public place as required by the Road Traffic Act 1988.


injury to other persons, passengers or damage to other peoples property.



 Internal damage to the engine or gearbox / transmission caused my mechanical derangement (wear and tear)


 cosmetic damage such as paint chips or wheel scuff that are not a consequence of a direct and obvious impact.


 competitive driving, including racing and timed runs.


 fire unless caused by impact on track day events.


 transportation or recovery costs unless this option has been bought.

 use by persons not on the policy.
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