Nurburgring Insurance
Discussion
Heya guys & gals of GG
There have been many threads over the past couple of years about insurance for the ring, not only for your car, but also 3rd party insurance.
Now, I am asking you to (theoretically) put your money where your mouth is by answering this HONESTLY!!
If you were to head to the ring (for a TF day, not a track day):
1. How much would you pay to insure your car only? What would you expect the excess to be?
2. How much would you pay to insure 3rd party only? What would you expect the excess to be?
3. How much would you pay for both?
4. What car would this be insurance for?
5. What is the replacement value (i.e. including any mods made)?
I know a tame broker who is interested in looking into offering this type of insurance.
Cheers
The Moose
There have been many threads over the past couple of years about insurance for the ring, not only for your car, but also 3rd party insurance.
Now, I am asking you to (theoretically) put your money where your mouth is by answering this HONESTLY!!
If you were to head to the ring (for a TF day, not a track day):
1. How much would you pay to insure your car only? What would you expect the excess to be?
2. How much would you pay to insure 3rd party only? What would you expect the excess to be?
3. How much would you pay for both?
4. What car would this be insurance for?
5. What is the replacement value (i.e. including any mods made)?
I know a tame broker who is interested in looking into offering this type of insurance.
Cheers
The Moose
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
Edited by monthefish on Friday 6th March 12:49
monthefish said:
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
There don't seem to be many people asking until the thread comes up and a lot of people say they would like it etc etc.
I know what you mean about the policy/claim ratio, but you never know!!
That's why I was asking for actual figures people would be prepared to pay in comparison to their car's worth.
I mean if someone drives a £100,000 car but will only pay £50, then no chace...
Cheers
The Moose
The Moose said:
monthefish said:
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
There don't seem to be many people asking until the thread comes up and a lot of people say they would like it etc etc.
I know what you mean about the policy/claim ratio, but you never know!!
That's why I was asking for actual figures people would be prepared to pay in comparison to their car's worth.
I mean if someone drives a £100,000 car but will only pay £50, then no chace...
Cheers
The Moose
As long as everyone else out there also had third party cover, I'd be OK driving in the knowledge that if I break my own car, I'll have to foot the bill.
The biggest worry is the 'own car drops its oil - carnage ensues behind - big bills headed your way' scenario.
monthefish said:
The Moose said:
monthefish said:
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
There don't seem to be many people asking until the thread comes up and a lot of people say they would like it etc etc.
I know what you mean about the policy/claim ratio, but you never know!!
That's why I was asking for actual figures people would be prepared to pay in comparison to their car's worth.
I mean if someone drives a £100,000 car but will only pay £50, then no chace...
Cheers
The Moose
As long as everyone else out there also had third party cover, I'd be OK driving in the knowledge that if I break my own car, I'll have to foot the bill.
The biggest worry is the 'own car drops its oil - carnage ensues behind - big bills headed your way' scenario.
Cheers
The Moose
The Moose said:
monthefish said:
The Moose said:
monthefish said:
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
There don't seem to be many people asking until the thread comes up and a lot of people say they would like it etc etc.
I know what you mean about the policy/claim ratio, but you never know!!
That's why I was asking for actual figures people would be prepared to pay in comparison to their car's worth.
I mean if someone drives a £100,000 car but will only pay £50, then no chace...
Cheers
The Moose
As long as everyone else out there also had third party cover, I'd be OK driving in the knowledge that if I break my own car, I'll have to foot the bill.
The biggest worry is the 'own car drops its oil - carnage ensues behind - big bills headed your way' scenario.
Cheers
The Moose
monthefish said:
The Moose said:
monthefish said:
The Moose said:
monthefish said:
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
There don't seem to be many people asking until the thread comes up and a lot of people say they would like it etc etc.
I know what you mean about the policy/claim ratio, but you never know!!
That's why I was asking for actual figures people would be prepared to pay in comparison to their car's worth.
I mean if someone drives a £100,000 car but will only pay £50, then no chace...
Cheers
The Moose
As long as everyone else out there also had third party cover, I'd be OK driving in the knowledge that if I break my own car, I'll have to foot the bill.
The biggest worry is the 'own car drops its oil - carnage ensues behind - big bills headed your way' scenario.
Cheers
The Moose
Cheers
The Moose
P.S. Plus I'm curious!!
The Moose said:
monthefish said:
The Moose said:
monthefish said:
The Moose said:
monthefish said:
SiTheBad said:
That's not very helpful.In answer to the OP, I think there's defintely a market for it, however I don't know whether it would stack up as a business prospect due to the potential high payout value and the relatively high probability of a claim.
It seems there are lots of UK PH'ers who take their cars to the ring, but not many of them speak up when the question "Where do you get your insurnace from?" is asked.....
There don't seem to be many people asking until the thread comes up and a lot of people say they would like it etc etc.
I know what you mean about the policy/claim ratio, but you never know!!
That's why I was asking for actual figures people would be prepared to pay in comparison to their car's worth.
I mean if someone drives a £100,000 car but will only pay £50, then no chace...
Cheers
The Moose
As long as everyone else out there also had third party cover, I'd be OK driving in the knowledge that if I break my own car, I'll have to foot the bill.
The biggest worry is the 'own car drops its oil - carnage ensues behind - big bills headed your way' scenario.
Cheers
The Moose
Cheers
The Moose
P.S. Plus I'm curious!!
First time I went, I took a BMW 328i. I was insured under my own standrad policy (I checked and double checked) as this was a few years ago, and was before the UK insurers implemented a 'blanket ban' on ring-cover.
Second time, I was a passenger in my mates 3.0 Z4, and I may or may not have had a lap or two myself (and therfore not insured).
Next time (Sept hopefully), not sure what I'll take - I have a choice of my car, the missus' car, my bike (R6) or I may buy something else by then.
Two vids that show the importance of having insurance on the ring
Car nearly gets wiped out by 3rd party
Bike taken out by car coming across the front of him
I'm not wishing to get into the rights/wrongs of each incident. Fact is that they happened, and insurance would have been useful in both cases.
Car nearly gets wiped out by 3rd party
Bike taken out by car coming across the front of him
I'm not wishing to get into the rights/wrongs of each incident. Fact is that they happened, and insurance would have been useful in both cases.
At last - this could be just the policy I've been waiting years for!
For me, I'm not really interested in insuring my car - it's the third party cover I'm desperate for.
If I could get TP only cover on a TF day for £50 per day I'd be pretty happy. If it was £100 a day, I'd be less happy but probably still pay up. Much more than that would start to make the average Ring weekend start to look pretty uneconomical. For the excess - I'd probably be unwilling to take more than about £1k, maybe a couple of grand max.
I'd only be interested in covering my car as well if the premium was no more than £100 per day, but I'd probably take the TP only if it was cheaper.
Car is Lotus Elise, value about £13k.
Please, please, please persuade him to start offering this sort of policy!
Cheers
Jim
For me, I'm not really interested in insuring my car - it's the third party cover I'm desperate for.
If I could get TP only cover on a TF day for £50 per day I'd be pretty happy. If it was £100 a day, I'd be less happy but probably still pay up. Much more than that would start to make the average Ring weekend start to look pretty uneconomical. For the excess - I'd probably be unwilling to take more than about £1k, maybe a couple of grand max.
I'd only be interested in covering my car as well if the premium was no more than £100 per day, but I'd probably take the TP only if it was cheaper.
Car is Lotus Elise, value about £13k.
Please, please, please persuade him to start offering this sort of policy!
Cheers
Jim
jimbobs said:
At last - this could be just the policy I've been waiting years for!
For me, I'm not really interested in insuring my car - it's the third party cover I'm desperate for.
If I could get TP only cover on a TF day for £50 per day I'd be pretty happy. If it was £100 a day, I'd be less happy but probably still pay up. Much more than that would start to make the average Ring weekend start to look pretty uneconomical. For the excess - I'd probably be unwilling to take more than about £1k, maybe a couple of grand max.
I'd only be interested in covering my car as well if the premium was no more than £100 per day, but I'd probably take the TP only if it was cheaper.
Car is Lotus Elise, value about £13k.
Please, please, please persuade him to start offering this sort of policy!
Cheers
Jim
Hi JimFor me, I'm not really interested in insuring my car - it's the third party cover I'm desperate for.
If I could get TP only cover on a TF day for £50 per day I'd be pretty happy. If it was £100 a day, I'd be less happy but probably still pay up. Much more than that would start to make the average Ring weekend start to look pretty uneconomical. For the excess - I'd probably be unwilling to take more than about £1k, maybe a couple of grand max.
I'd only be interested in covering my car as well if the premium was no more than £100 per day, but I'd probably take the TP only if it was cheaper.
Car is Lotus Elise, value about £13k.
Please, please, please persuade him to start offering this sort of policy!
Cheers
Jim
Absolutely 100% the type of post I have been looking for!! Don't you worry, I will be trying to persuade him to offer it - but it is down to him to see how it works out on his side of things...
Cheers
The Moose
Would love this policy (if reasonably priced) . . I would say £50-100 a day for third party cover would be quite reasonable and probably between £500-1000 excess.
For comp I'd be happy paying about £150-200 a day and have about £1000 excess if I was to take my daily - '02 Impreza WRX. Generally however I would be more likely to take a "disposable" track car and would only really want TP
I'll post a link to this thread on the forum thread where my latest trip is being organised from - see if I can get you some more input!
For comp I'd be happy paying about £150-200 a day and have about £1000 excess if I was to take my daily - '02 Impreza WRX. Generally however I would be more likely to take a "disposable" track car and would only really want TP
I'll post a link to this thread on the forum thread where my latest trip is being organised from - see if I can get you some more input!
As i see it there are 3 main parties that need considering - you (your car), "them" (the 3rd parties car) and the nurburgring (the armco!)
My main area of interest would be to have the 3rd party and armco covered with insurance. Would 3rd party cover the armco?
As for the other Q's:
1. £80-125/day, £1-1.5k excess (i.e £250/weekend at the ring)
2. £50-100, £5-800 excess
3. £100-£150, £1-1.5k excess
4. Audi S2
5. Irreplaceable
(~£15-18k for a replacement car + new mods)
My main area of interest would be to have the 3rd party and armco covered with insurance. Would 3rd party cover the armco?
As for the other Q's:
1. £80-125/day, £1-1.5k excess (i.e £250/weekend at the ring)
2. £50-100, £5-800 excess
3. £100-£150, £1-1.5k excess
4. Audi S2
5. Irreplaceable
(~£15-18k for a replacement car + new mods)Gassing Station | General Gassing [Archive] | Top of Page | What's New | My Stuff