Trackday incident - normal insurance need to know?
Discussion
Without going into too much detail for traceability reasons, where do I stand on this?
Brief background, bought a decent car for weekends and an occassional bit of fun. Got trackday insurance for about £70, did a trackday, lost the back end at speed due to a combination of track tyres, damp, cold circuit (much earlier this year) and mainly my lack of talent!
Didn't seem too much of an off at the time, but further investigation meant undriveable and towed back home.
Long story short (and again without much detail), repair cost was over £7k due to OEM parts (rads, cooler + bare bumper alone were over £2k), TRACK insurance paid out and were really quite brilliant.
So as it's now coming upto normal car insurance renewal time, I have no claims or incidents and full NCB. I do not drive anything like I do on track, on the road...
Do I HAVE to disclose this TRACK incident?
Thanx.
Brief background, bought a decent car for weekends and an occassional bit of fun. Got trackday insurance for about £70, did a trackday, lost the back end at speed due to a combination of track tyres, damp, cold circuit (much earlier this year) and mainly my lack of talent!
Didn't seem too much of an off at the time, but further investigation meant undriveable and towed back home.
Long story short (and again without much detail), repair cost was over £7k due to OEM parts (rads, cooler + bare bumper alone were over £2k), TRACK insurance paid out and were really quite brilliant.
So as it's now coming upto normal car insurance renewal time, I have no claims or incidents and full NCB. I do not drive anything like I do on track, on the road...
Do I HAVE to disclose this TRACK incident?
Thanx.
drdel said:
Your annual insurance for public road use has nothing to do with your track activities on private land; that's why you have to take out a separate track policy.
As long as your car is repaired to a high enough standard for normal road use that's it.
Wrong.As long as your car is repaired to a high enough standard for normal road use that's it.
The question they usually ask is if you have had any motor accidents, claims or losses in the last 3 years. That's the question. They don't add on "on a normal road use policy."
If you had a car stolen from your garage that wasn't insured at all, you'd still need to tell your insurer if you were answering honestly, because it's a loss.
drdel said:
Your annual insurance for public road use has nothing to do with your track activities on private land; that's why you have to take out a separate track policy.
As long as your car is repaired to a high enough standard for normal road use that's it.
That's what I thought to be honest (thanks for the reply), but worried they might pull the 'incident' card.As long as your car is repaired to a high enough standard for normal road use that's it.
I was reversed into on a public road while stationary, started a claim, stopped it as it wasn't worth anything and I was keen to avoid insurance going up. 2 years later, they found out and cancelled my policy as it was an 'incident' - regardless it wasn't my fault and I didn't claim. My new policy was higher...
My mate had a minor bump on his motor bike, his car insurance went up???
May I ask your reason for saying not to notify? Do you work in car insurance?
Edited to avoid confusion!
Edited by SmokingBrakes on Thursday 12th November 19:57
TwigtheWonderkid said:
Wrong.
The question they usually ask is if you have had any motor accidents, claims or losses in the last 3 years. That's the question. They don't add on "on a normal road use policy."
If you had a car stolen from your garage that wasn't insured at all, you'd still need to tell your insurer if you were answering honestly, because it's a loss.
Hmmm, miss-timed reply...The question they usually ask is if you have had any motor accidents, claims or losses in the last 3 years. That's the question. They don't add on "on a normal road use policy."
If you had a car stolen from your garage that wasn't insured at all, you'd still need to tell your insurer if you were answering honestly, because it's a loss.
Same question TtW - what's your background?
Would you still mention a loss related to house insurance for a motor policy?
SmokingBrakes said:
Hmmm, miss-timed reply...
Same question TtW - what's your background?
Would you still mention a loss related to house insurance for a motor policy?
Won't go into background in detail, but 30+ years in dealing with insurers, mainly in the haulage sector, analysing policies, writing procedures, helping clients with claims.Same question TtW - what's your background?
Would you still mention a loss related to house insurance for a motor policy?
Re the house insurance, it's not a motor claim, so no. But, as an earlier poster said, if I crashed my car on my own estate and paid the damage myself, then it should still be disclosed, as it was an accident and a loss. Whether I would or not is another matter, but that's not the point at issue. The point is "should you".
Read the question they are asking...."have you have any motor accidents, losses or claims in the last 3 yrs?" That's it. Nothing about RTAs only need to be disclosed, nothing about track day incidents don't have to be disclosed. Nothing about accidents on private land that you settled yourself don't have to be disclosed.
It's a straight forward question and the answer is either yes or no.
hornetrider said:
Do you now have to forever disclose that you've had a policy cancelled?
No, it wasn't actually cancelled (that was the short version) but I did have to pay more after the phone call...TwigtheWonderkid said:
Won't go into background in detail, but 30+ years in dealing with insurers, mainly in the haulage sector, analysing policies, writing procedures, helping clients with claims.
Thanks TtW, we'll see I suppose, I'll probably tell them anyway to avoid any possible future issues.We seem to be getting a few of these threads appearing on this topic.
Technically, yes you should declare it.
If you hadn't claimed at all and simply swallowed the loss, then practically speaking you could not declare it and there'd be no comeback, as there's no record anywhere.
However, you have claimed elsewhere and that will create a record somewhere. I would personally declare this to avoid any issues down the line. I'd also advise you to declare it if I was advising you in a professional capacity.
I work in insuramce to save you asking.
Technically, yes you should declare it.
If you hadn't claimed at all and simply swallowed the loss, then practically speaking you could not declare it and there'd be no comeback, as there's no record anywhere.
However, you have claimed elsewhere and that will create a record somewhere. I would personally declare this to avoid any issues down the line. I'd also advise you to declare it if I was advising you in a professional capacity.
I work in insuramce to save you asking.
LoonR1 said:
We seem to be getting a few of these threads appearing on this topic.
Technically, yes you should declare it.
If you hadn't claimed at all and simply swallowed the loss, then practically speaking you could not declare it and there'd be no comeback, as there's no record anywhere.
However, you have claimed elsewhere and that will create a record somewhere. I would personally declare this to avoid any issues down the line. I'd also advise you to declare it if I was advising you in a professional capacity.
I work in insurance to save you asking.
Thanks LoonR1! I was hoping you'd chime in...Technically, yes you should declare it.
If you hadn't claimed at all and simply swallowed the loss, then practically speaking you could not declare it and there'd be no comeback, as there's no record anywhere.
However, you have claimed elsewhere and that will create a record somewhere. I would personally declare this to avoid any issues down the line. I'd also advise you to declare it if I was advising you in a professional capacity.
I work in insurance to save you asking.
As I said, I'll probably declare it anyway and get ready for an ass raping!
Can't wait to see how much it affects my premium!
LoonR1 said:
We seem to be getting a few of these threads appearing on this topic.
Technically, yes you should declare it.
If you hadn't claimed at all and simply swallowed the loss, then practically speaking you could not declare it and there'd be no comeback, as there's no record anywhere.
However, you have claimed elsewhere and that will create a record somewhere. I would personally declare this to avoid any issues down the line. I'd also advise you to declare it if I was advising you in a professional capacity.
[bI work in insuramce to save you asking. [/b]
But only part time when you're not identifying and outing students on school holiday posting on PH....;)Technically, yes you should declare it.
If you hadn't claimed at all and simply swallowed the loss, then practically speaking you could not declare it and there'd be no comeback, as there's no record anywhere.
However, you have claimed elsewhere and that will create a record somewhere. I would personally declare this to avoid any issues down the line. I'd also advise you to declare it if I was advising you in a professional capacity.
[bI work in insuramce to save you asking. [/b]
divetheworld said:
Lewis Hamilton & all other racers must have astronomical road insurance then....
Brilliant!!!Admiral: "Any claims, incidents or losses in the lasy 5 yrs sir? If so, what was the value?"
Lewis: "Er, 1 or 2, several million..."
Admiral: "Click. Brrrrrrrrrrrrrrrrrrrr"
Somehow, I don't think I'd get away with it.
Thanks all for the replies!
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Although, when you think about it...
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Edited by SmokingBrakes on Thursday 12th November 21:01
Rick101 said:
I imagine they do. Big hike for rappers and anyone in the entertainment industry really.
Yeah, but rappers are known to be illiterate, arrogant, talentless cockends who wear their jeans under their arse so can't actually drive properly! 
ETA insults, as cockends on its own isn't strong enough for w
kers like Kanye fking West!Edited by SmokingBrakes on Thursday 12th November 21:08
johnfm said:
But only part time when you're not identifying and outing students on school holiday posting on PH....;)
That's a definite hobby, as I make too many mistakes to make any money out of it divetheworld said:
Lewis Hamilton & all other racers must have astronomical road insurance then....
They do, as do all professional sportspeople, people who work in the entertainment industry and all the other industries that are excluded in standardised quotes. Forums | Speed, Plod & the Law | Top of Page | What's New | My Stuff