RE: 'Ring Insurance Could Save You £1000s
Discussion
The price could be a little steep as it only covers damage to the track, i would give these a try as they can do 3rd party cover http://www.moris.co.uk/index.htm I dont know if they arte cheaper but its worth a look.
As stated this 'policy' does not fulfil your legal obligation for third party damages.
It only helps pay the armco bills.
For UK citizens, the rescue costs are already covered by your European Health Insurance card (the replacement for the E111).
If you hit a prone biker, drop fluids or cause a massive pile-up, all this policy does is reduce your guardrail and clean up bill.
It doesn't help with the main problem at all, that of covering your third-party liability to other track users!
My worry is that people will think this is third party insurance, when it's patently not.
If your UK policy excludes you from Nordschleife and TF, this policy DOES NOT make up the shortfall!
Also as part of the T&Cs a garage will have to 'check' your car. That'll cost 1hr labour minimum. I'd charge minimum €35 if it was here.
My next worry is that some unscrupulous garages are known to 'find' problems with your car and will use this 'policy' as an excuse to get your car through the door and on the ramps. If you don't agree to having the work done, they'll probably phone the Nürburgring office and get your car banned too.
Oh... and:
"Your policy contains significant or unusual exclusions and limitations. There may be other exclusions in the policy that are significant to you so please ensure that you read the policy documentation and any other documentation carefully."
Combine it with:
"For full details please refer to the policy document, a copy of which will be supplied if you have purchased a policy."
And 8 laps? That's not much. How do they know which 8 laps you want covered per day?
It only helps pay the armco bills.
For UK citizens, the rescue costs are already covered by your European Health Insurance card (the replacement for the E111).
If you hit a prone biker, drop fluids or cause a massive pile-up, all this policy does is reduce your guardrail and clean up bill.
It doesn't help with the main problem at all, that of covering your third-party liability to other track users!
My worry is that people will think this is third party insurance, when it's patently not.
If your UK policy excludes you from Nordschleife and TF, this policy DOES NOT make up the shortfall!
Also as part of the T&Cs a garage will have to 'check' your car. That'll cost 1hr labour minimum. I'd charge minimum €35 if it was here.
My next worry is that some unscrupulous garages are known to 'find' problems with your car and will use this 'policy' as an excuse to get your car through the door and on the ramps. If you don't agree to having the work done, they'll probably phone the Nürburgring office and get your car banned too.
Oh... and:
"Your policy contains significant or unusual exclusions and limitations. There may be other exclusions in the policy that are significant to you so please ensure that you read the policy documentation and any other documentation carefully."
Combine it with:
"For full details please refer to the policy document, a copy of which will be supplied if you have purchased a policy."
And 8 laps? That's not much. How do they know which 8 laps you want covered per day?
i got excited and reached fo the debit card to sort it out for the weekend ( off for trip number 10 ) Two of our party have already had expensive blls, one was lucky and had 1k damage and wrote his car off ( but we amanged to get it 2 miles down the road before he phoned his insurance compnay,,,,,ahem ahem damn stray dogs) the other 6k armco bill and a written off RS4.
However a guy i know had a ding there a few weeks back, went through the usuall take your licence/passport crap howeve once they got back to the office they gave it back to him and he hot footed it away.
Anyhow, once i looked at the level of cover and only 8 laps, its not as great as i'd want. Still will suit newbies really well who won;t do anymore than 8 laps in a visit. Only trouble is its 8 laps per day and most will do that over the course of a weekend.
Its a toughy though as we all know its a big liability to take on, and a high chance there fore premiums need to be huge or the policy needs to be resticted to mitigate the risk tot he insurerer ( blimey theres my 5yrs underwriting experience coming through...lol)
Simple answer is go there have fun, but for christ sake don;t go made, drive at quick pace and makesure you're not 100% commited. Oh and if you don't know the track then cut theat commitment level down even further. Always do sighting lap. I have to admit on anaverage weekend i will do about 8-10 laps, but i'll spend more time watching and taking people up on passenger laps.
The burjkes who have the big offs are usually the idiots going for silly times and pushing themselves more than there talent allows. Save that for place like bedford.
However a guy i know had a ding there a few weeks back, went through the usuall take your licence/passport crap howeve once they got back to the office they gave it back to him and he hot footed it away.
Anyhow, once i looked at the level of cover and only 8 laps, its not as great as i'd want. Still will suit newbies really well who won;t do anymore than 8 laps in a visit. Only trouble is its 8 laps per day and most will do that over the course of a weekend.
Its a toughy though as we all know its a big liability to take on, and a high chance there fore premiums need to be huge or the policy needs to be resticted to mitigate the risk tot he insurerer ( blimey theres my 5yrs underwriting experience coming through...lol)
Simple answer is go there have fun, but for christ sake don;t go made, drive at quick pace and makesure you're not 100% commited. Oh and if you don't know the track then cut theat commitment level down even further. Always do sighting lap. I have to admit on anaverage weekend i will do about 8-10 laps, but i'll spend more time watching and taking people up on passenger laps.
The burjkes who have the big offs are usually the idiots going for silly times and pushing themselves more than there talent allows. Save that for place like bedford.
Say you're there for three days, and you buy a 25 lap ticket.
£99 per day (£297)
£35 inspection (Assuming this only needs to be done once, not daily)
£?? 'Remediation' work before the car is Ring worthy...
Then you have a bump on your 25th lap, and you're not covered.
There's no mention of covering the cost of track closures. Currently 2000 Euros an hour I believe.
You're not covered as your Insurers will see 'Nurburgring' and run a mile.
The car you hit won't be covered. Any costs that you get the insurer to pay because you quote some bit of European legislation demanding 3rd party cover and "The Nordschielfe is a de-restricted roll road", they will simply sue you to recover.
You will struggle to get your car recovered because the AA won't touch you.
Oh, if you fancy a headline figure, the insurance being offered here works out almost exactly at £1 per track mile. Yep, over £12 *per lap* on top of the 22 Euros you're already paying...
£99 per day (£297)
£35 inspection (Assuming this only needs to be done once, not daily)
£?? 'Remediation' work before the car is Ring worthy...
Then you have a bump on your 25th lap, and you're not covered.
There's no mention of covering the cost of track closures. Currently 2000 Euros an hour I believe.
You're not covered as your Insurers will see 'Nurburgring' and run a mile.
The car you hit won't be covered. Any costs that you get the insurer to pay because you quote some bit of European legislation demanding 3rd party cover and "The Nordschielfe is a de-restricted roll road", they will simply sue you to recover.
You will struggle to get your car recovered because the AA won't touch you.
Oh, if you fancy a headline figure, the insurance being offered here works out almost exactly at £1 per track mile. Yep, over £12 *per lap* on top of the 22 Euros you're already paying...
senna007 said:
The price could be a little steep as it only covers damage to the track, i would give these a try as they can do 3rd party cover http://www.moris.co.uk/index.htm I dont know if they arte cheaper but its worth a look.
Are you sure they cover third party? I phoned them around a month ago, just prior to their insurance being offered and they said when it was out it would cover your car but not any third party.Edited by andye30m3 on Tuesday 21st July 13:49
pikey said:
This isn't an article, it's an advert and a misleading one at that.
I would question what this gives a driver over their standard European third party liability. I would expect in the majority of cases, very little, but the detail is in an individual's specific cover.
It's not an advert, obviously, and my understanding is that anyone insuring a road car through a UK insurer will find laps of the Nurburgring (a race track) are not covered. Do you believe this to be incorrect? I would question what this gives a driver over their standard European third party liability. I would expect in the majority of cases, very little, but the detail is in an individual's specific cover.
PPPPPP said:
Red Cabbage said:
Hmmm.
A step in the right direction.
IMO £99 is a sensible price considering the risk vs. cover.
Now let's have one that includes 3rd party risks as well.
Even if it included TP risks (as it needs to absolutely), I think £99 + £30 odd for the inspection etc is steep. And then only for 8 laps...A step in the right direction.
IMO £99 is a sensible price considering the risk vs. cover.
Now let's have one that includes 3rd party risks as well.
Good concept, but steep pricing
Steve Gunnis said:
Don't need third party guys, that's the beauty of the Ring, everyone is there at their own risk, if you collide with another car they will have to claim on their insurance (if they are covered), as will you if someone collides with you.
You are so painfully wrong it's not even funny. The 'ring during touristenfahrt and even some of the beginner motorsports events like GLP is subject to road laws. As such you MUST be insured to drive it, just the same as any other public road.What your suggesting is that we should only insure ourselves when we drive our cars, as we all know there's a risk we'll be crashed into.
I'd be interested to know where you 'learned' that everybody is on the 'ring at their own risk, as there have been more than a few people in trouble already this year who honestly had no idea that it wasn't a trackday, that it was for road legal cars and that they did require insurance!
BBS-LM said:
Is this not against the Law for UK insurance companies to not agree to insure you when driving at the ring, if the track is classed as a public road in Germany, then by law you should be covered?
The contract you have between you and your insurer can have any number of limitations of cover placed in it. A recent case which went through the UK insurance ombudsman ruled against the UK driver and in favour of the UK insurance company NOT covering his 3rd party liabilities. The whole EU 3rd directive bit has been done to death, however, the ruling of the ombudsman has clarified the situation somewhat. This isn't to say it's definitive and others may not get a payout in the furutre, but it has set a precedent.
Dale@RSRNurburg said:
As stated this 'policy' does not fulfil your legal obligation for third party damages.
It only helps pay the armco bills.
For UK citizens, the rescue costs are already covered by your European Health Insurance card (the replacement for the E111).
If you hit a prone biker, drop fluids or cause a massive pile-up, all this policy does is reduce your guardrail and clean up bill.
It doesn't help with the main problem at all, that of covering your third-party liability to other track users!
My worry is that people will think this is third party insurance, when it's patently not.
If your UK policy excludes you from Nordschleife and TF, this policy DOES NOT make up the shortfall!
As a comparison Dale what does the insurance on one of your cars cover the driver for (over and above Armco costs)? It only helps pay the armco bills.
For UK citizens, the rescue costs are already covered by your European Health Insurance card (the replacement for the E111).
If you hit a prone biker, drop fluids or cause a massive pile-up, all this policy does is reduce your guardrail and clean up bill.
It doesn't help with the main problem at all, that of covering your third-party liability to other track users!
My worry is that people will think this is third party insurance, when it's patently not.
If your UK policy excludes you from Nordschleife and TF, this policy DOES NOT make up the shortfall!
Dale@RSRNurburg said:
I don't want to turn this into an advert for renting an R26.R off me, but off the top of my head there is upto €8 million in third party liabilities covered. You agree to pay the first €10,000 of any of those.
let me have the one with the titanium exhaust though.simple answer is if yuou can't afford it don;t run the risk.
Collaudatore said:
£99 for 8 laps? Isn't that a little steep?
Is this insurance for ANY 3rd party liability you may cause (assuming you car passes the test)?
Is the car "tested" in the UK or Germany?
I sincerely hope you are kidding!Is this insurance for ANY 3rd party liability you may cause (assuming you car passes the test)?
Is the car "tested" in the UK or Germany?
The fact is that I spent 2 days on the phone to specialist and standard insurers and could not get any policy that would give me 3rd party insurance.
This is a great deal.
Edited having read the fact that it's not 3rd party cover. Damn it !
Edited by Lucozade on Tuesday 21st July 14:08
senna007 said:
The price could be a little steep as it only covers damage to the track, i would give these a try as they can do 3rd party cover http://www.moris.co.uk/index.htm I dont know if they arte cheaper but its worth a look.
They don't do 3rd party cover nor do they do trackday cover anymore.Edited by Lucozade on Tuesday 21st July 14:42
has anyone got any more details of this ombudsman ruling?
does that technically mean every UK car on the ring is uninsured and in the
's eye driving there illegally?
or is the bottom line, you are "insured" legally due to the euro directive, but if u have a big one expect to be paying back the cost to the UK insurer?
is a possible loophole to this to insure your care under a ltd company policy that has next to no assets, meaning your personal liability is zero ? just a thought
does that technically mean every UK car on the ring is uninsured and in the
's eye driving there illegally?or is the bottom line, you are "insured" legally due to the euro directive, but if u have a big one expect to be paying back the cost to the UK insurer?
is a possible loophole to this to insure your care under a ltd company policy that has next to no assets, meaning your personal liability is zero ? just a thought
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