Insurance & trackdays
Thread Starter
Registered User
Joined: Jun 2003
Posts: 50
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From: London
Insurance & trackdays
Hi,
My insurance is due for renewal and this time there's a letter in with the renewal quote that states that they are no longer covering Track Days (and define them).
So I've been on the hunt for more insuance. Quotes have varied from
My insurance is due for renewal and this time there's a letter in with the renewal quote that states that they are no longer covering Track Days (and define them).
So I've been on the hunt for more insuance. Quotes have varied from
Registered User
Joined: Sep 2003
Posts: 1,892
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From: Tiffin, Ohio
Just a comment (sorry I can't be more helpfull)...
I've never really even heard of insurance companies covering track events. Most if they knew, they'd probably drop you on the spot.
Things maybe different in GB though. I'm definitly curious on learning more information on the subject.
I've never really even heard of insurance companies covering track events. Most if they knew, they'd probably drop you on the spot.
Things maybe different in GB though. I'm definitly curious on learning more information on the subject.
Registered User
Joined: Jun 2001
Posts: 343
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From: Sunnyvale
Here's some information that a friend of mine forwarded to me
Folks,
I have found some info about taking our cars to the
track...
Most insurance carriers won't cover you if you submit
a claim from an accident on the track. Most won't even
let you give them more money for this kind of
coverage!
An article in the BMW Car Club magazine Roundel
addresses this and found a supplemental carrier that
will cover you on the track, in/on the trailer to the
track, and in storage. Here is the link:
Please pass this on to anyone you want....
Track Insurance
Folks,
I have found some info about taking our cars to the
track...
Most insurance carriers won't cover you if you submit
a claim from an accident on the track. Most won't even
let you give them more money for this kind of
coverage!
An article in the BMW Car Club magazine Roundel
addresses this and found a supplemental carrier that
will cover you on the track, in/on the trailer to the
track, and in storage. Here is the link:
Please pass this on to anyone you want....
Track Insurance
Registered User
Joined: Feb 2003
Posts: 4,472
Likes: 0
From: Sydney
Check this thread out.
http://forums.s2ki.com/forums/showthread.p...k%2520insurance
Bottom line: Driver's ed events are covered (at least once). Others are not.
http://forums.s2ki.com/forums/showthread.p...k%2520insurance
Bottom line: Driver's ed events are covered (at least once). Others are not.
Registered User
Joined: Dec 2001
Posts: 2,975
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From: Maricopa County, Arizona
Depends on the company Cashout...
Several companies in the US are putting that disclaimer in the renewal notices too. Several AZ members have commented on it with their recent renewal notice. One is a claims rep for a major insurance company. Another member with a smaller company said he has had the exclusion since year 1 - very specific on both. My company currently covers driver's education events, but not track events. But that could change too.
Bottom line: read your policy.
Several companies in the US are putting that disclaimer in the renewal notices too. Several AZ members have commented on it with their recent renewal notice. One is a claims rep for a major insurance company. Another member with a smaller company said he has had the exclusion since year 1 - very specific on both. My company currently covers driver's education events, but not track events. But that could change too.
Bottom line: read your policy.
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Thread Starter
Registered User
Joined: Jun 2003
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From: London
I have done a fair bit of research on this and you are all correct.
It breaks down like this:
An insurance company will never state they INCLUDE you for track events, but it's what they DON'T EXCLUDE that counts.
My current (soon to be previous!) insurance company was in this category. If you pushed them "am I covered at XYZ event" you would get an answer that you were as long as
1. Properly organized event
2. No timing
3. No racing
4. You weren't being irresponsible / stupid.
In fact I even have it in writing from the technical director of this insurance company that this is the case. The letter also describes how this applies under English law and thus to other insurance companies. The policy would have to add the explicit exclusion and also define what they mean by "track day". If it does not have this exclusion then it's the same as driving on private property (ie. imagine you have a rich friend with a mile long drive... whilst hammering down it at Mach3, you hit a tree).
My insurance company has now written to me advising the policy has changed, added it to the list and defined, very clearly, what they mean by a track day. Unfortunately! (It would also apply to the Nurburging on a tourist day
)
Yes you can buy insurance for an event but it's very expensive - ie.
It breaks down like this:
An insurance company will never state they INCLUDE you for track events, but it's what they DON'T EXCLUDE that counts.
My current (soon to be previous!) insurance company was in this category. If you pushed them "am I covered at XYZ event" you would get an answer that you were as long as
1. Properly organized event
2. No timing
3. No racing
4. You weren't being irresponsible / stupid.
In fact I even have it in writing from the technical director of this insurance company that this is the case. The letter also describes how this applies under English law and thus to other insurance companies. The policy would have to add the explicit exclusion and also define what they mean by "track day". If it does not have this exclusion then it's the same as driving on private property (ie. imagine you have a rich friend with a mile long drive... whilst hammering down it at Mach3, you hit a tree).
My insurance company has now written to me advising the policy has changed, added it to the list and defined, very clearly, what they mean by a track day. Unfortunately! (It would also apply to the Nurburging on a tourist day
)Yes you can buy insurance for an event but it's very expensive - ie.
Registered User
Joined: Feb 2003
Posts: 4,472
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From: Sydney
Doesn't look good. You are basically left with the option of paying BRP$260 or not having insurance.
If it were me, I'd decide how am I going to drive that day and choose whether or not to have insurance.
If it were me, I'd decide how am I going to drive that day and choose whether or not to have insurance.