Specialist Porsche Insurance
Discussion
Hi guys,
Ferg tells me that the AXA classic Carole Nash policy has been withdrawn, so that will disappear at renewal for me.
Graham Sykes may have helped him out though.
To be honest, there is much to be said for getting a normal road policy from L/V as cheap as poss (if they will cover your car) and then going down the cheap trackslag route, like johnny suggested earlier. Is risking a 90k Porsche 996tt on track worth it when a 20k Caterham will probably be quicker anyway? And a 5k use it and abuse it track toy may make even more sense.
If you don't fancy that, you can always hire the Bookatrack Superlights etc. and then not have to worry about insurance at all.
Clubsport - cheers for the baron comments. It should be ready for the ring trip in June and is running. Did you get the email re night out?
ATB
Dom
>> Edited by domster on Thursday 20th May 14:58
Ferg tells me that the AXA classic Carole Nash policy has been withdrawn, so that will disappear at renewal for me.
Graham Sykes may have helped him out though.
To be honest, there is much to be said for getting a normal road policy from L/V as cheap as poss (if they will cover your car) and then going down the cheap trackslag route, like johnny suggested earlier. Is risking a 90k Porsche 996tt on track worth it when a 20k Caterham will probably be quicker anyway? And a 5k use it and abuse it track toy may make even more sense.
If you don't fancy that, you can always hire the Bookatrack Superlights etc. and then not have to worry about insurance at all.
Clubsport - cheers for the baron comments. It should be ready for the ring trip in June and is running. Did you get the email re night out?
ATB
Dom
>> Edited by domster on Thursday 20th May 14:58
domster said:
Hi guys,
Ferg tells me that the AXA classic Carole Nash policy has been withdrawn, so that will disappear at renewal for me.
Graham Sykes may have helped him out though.
To be honest, there is much to be said for getting a normal road policy from L/V as cheap as poss (if they will cover your car) and then going down the cheap trackslag route, like johnny suggested earlier. Is risking a 90k Porsche 996tt on track worth it when a 20k Caterham will probably be quicker anyway? And a 5k use it and abuse it track toy may make even more sense.
If you don't fancy that, you can always hire the Bookatrack Superlights etc. and then not have to worry about insurance at all.
Clubsport - cheers for the baron comments. It should be ready for the ring trip in June and is running. Did you get the email re night out?
ATB
Dom
>> Edited by domster on Thursday 20th May 14:58
Yes i replied to Joel, i will try & keep the date free. sorry for delay, but it was on an old email address....v exciting baron news..
at the ring in a month...... Dom
Graham Sykes have helped out in a kind of >£2k sort of way! Incidentally, with a cage, they 'only' wanted 1750 (!).
AON classic seem to be the way forward, as they offer track cover at 0.1% of the vehicles value (10% XS), and don't mind cages. Also underwritten by Royal Sun Alliance, not a bunch of monkeys sitting round smoking Havana in syndicate XYZ in Lloyds!! (No offence meant to anyone in a Lloyds syndicate, or the underwriting profession in general). James & Simon @ AON know their stuff in terms of both cars and the ins. mkt....
AXA have recently revised the scope of their policy cover.
John, who covered your E30M3 when it was safety device'd up (& MOTEC, etc, etc)?
PS LV don't seem to like KHD 'imports'. They seem to confuse Euro imports with Jap imports IMHO.
>> Edited by fergus on Thursday 20th May 15:18
Graham Sykes have helped out in a kind of >£2k sort of way! Incidentally, with a cage, they 'only' wanted 1750 (!).
AON classic seem to be the way forward, as they offer track cover at 0.1% of the vehicles value (10% XS), and don't mind cages. Also underwritten by Royal Sun Alliance, not a bunch of monkeys sitting round smoking Havana in syndicate XYZ in Lloyds!! (No offence meant to anyone in a Lloyds syndicate, or the underwriting profession in general). James & Simon @ AON know their stuff in terms of both cars and the ins. mkt....
AXA have recently revised the scope of their policy cover.
John, who covered your E30M3 when it was safety device'd up (& MOTEC, etc, etc)?
PS LV don't seem to like KHD 'imports'. They seem to confuse Euro imports with Jap imports IMHO.
>> Edited by fergus on Thursday 20th May 15:18
fergus said:
John, who covered your E30M3 when it was safety device'd up (& MOTEC, etc, etc)?
Fergus,
The Sport Evo was on an Aon classic policy......for less than 500 quid! I was allowed up to 5000 miles per annum, but it had to be used as a second car. They didn't mind all the tricks (and it had the works, Schricks/MoTec/exhaust/suspension/cage/extinguisher/harnesses/brakes etc) as long as I listed them in writing which I did and they added the details to my file. I didn't even need a tracker. My cat 2 immobiliser meant that they wouldn't cover my hi-fi which was fine because the car didn't have one!!
I'll let you all know what I come up with.
domster said:
To be honest, there is much to be said for getting a normal road policy from L/V as cheap as poss (if they will cover your car) and then going down the cheap trackslag route, like johnny suggested earlier. Is risking a 90k Porsche 996tt on track worth it when a 20k Caterham will probably be quicker anyway? And a 5k use it and abuse it track toy may make even more sense.
Mind you, then there is the problem of not having 3rd party cover as Daz mentioned. Imagine someone suing you for a million quid for having a coming together at Donny or wherever. I'd probably forget about that though on British circuits as I don't think the risk is that great, although I accept what Daz is saying about the Ring not being a good place to go without 3rd party cover.
I asked the guys at AON about this and they had the impression that the 'disclaimer' (of sorts) that you are made to sign at the start of most days, precludes you from bringing any action against either the organisers or any other participant. 'At your own risk',etc. Not sure how watertight these are if someone decides to bring a private civil court action against you for damages though - also, who may potentially provide cover for this sort of occurence should it happen?
I personally believe there is a very strong caveat emptor mentality when driving on a closed circuit - you can't account or reasonably insure for 'catastrophe risk' when on a circuit, at a sensible premium. IMHO(!)
I personally believe there is a very strong caveat emptor mentality when driving on a closed circuit - you can't account or reasonably insure for 'catastrophe risk' when on a circuit, at a sensible premium. IMHO(!)
johnny senna said:
To be honest, there is much to be said for getting a normal road policy from L/V as cheap as poss (if they will cover your car) and then going down the cheap trackslag route, like johnny suggested earlier. Is risking a 90k Porsche 996tt on track worth it when a 20k Caterham will probably be quicker anyway? And a 5k use it and abuse it track toy may make even more sense.
Mind you, then there is the problem of not having 3rd party cover as Daz mentioned. Imagine someone suing you for a million quid for having a coming together at Donny or wherever. I'd probably forget about that though on British circuits as I don't think the risk is that great, although I accept what Daz is saying about the Ring not being a good place to go without 3rd party cover.
Daz is right to be cautious, but the chances of being successfully sued by another motorist on the ring in a scenario like that is extremely small.
In the eyes of the law (rusty Law Degree, so admittedly don't know the latest case law), anyone travelling on a race track like the ring has already implicitly accepted the danger of their actions, and accepted the risk.
Short of extreme negligence on your part, they would not have a case against you.
"You bear your own risk."
That is why trackdays in the UK are interesting - if you crash your 2k E30 325i trackslag into a Murcielago, you are not obliged to pay for the damage to the Murci (although negligence or recklessness would be a good enough reason for a claim). Something that should worry Murci owners, I suppose.
OK chaps, I’ve sorted a few things out.
In the end, I rang back my present insurer Aon. They have agreed to insure me on track days on my existing “every day” type policy. However, they want me to phone them before each track day to tell them the details about where it is and who is organising it. They then phone the underwriters and then get back to me with an additional charge. For example, I am driving at Croft on July 5th with the BMWCC and the underwriter said I must pay an additional £29, which I think is fair. They have charged me the same for Easy Track’s day at Oulton on 10 July. I intend to get the invoice sent to me so I have something in writing in case the worst happens.
Their annual quote for me is around £1100, which is reasonably competitive (for where I live in the darkest Toon). I am 30 with 4 years NCB and I drive a Boxster S worth around 29 grand. The cheapest quote I got was with the Halifax, just £750 but they don’t cover track days so this was a non-starter.
Hey Daz!!
I had a long chat with Liverpool Victoria again. Their quote was about the same, ie £1140. The rep on the phone insisted that track day cover was supplied free of charge and that I DID NOT have to be a member of the CSMA. I said that “there’s this lad called Daz with a 911 Turbo who would disagree with you on that one”, but she was sticking to her guns. She had a chat with her manager and they couldn’t tell me where the CSMA thing had come from. However, they wouldn’t send me a quote with it in writing that I didn’t need to be in the CSMA. They said that could only happen after I bought the policy and then customer services would send the paper work. I said that this happened to Daz and that was when the CSMA thing came to light, and that by then it was too late………but the girl had stopped listening to me by then.
So I have stuck with an Aon every day policy and I will pay the £29/track day no bother. What I would say about Aon is that their service is top notch. They don’t keep you hanging on the phone for ages and their staff are very polite. I am happy to be staying with them.
Oh yes, I did try the broker that Melv and Sean Dudding recommended to me and depending on what they say (they will ring me back), I might change at renewal time, but that’s not for a few months. Guys, is this broker a secret thing?!! The first thing they said when I phoned them was, “Who sent you?” and I replied, “so this is on a need to know basis, right?” It felt like I was ringing MI5 or something.
I'll do a bit of a double post on the track day forum for the benefit of the non-Porker fellas.
In the end, I rang back my present insurer Aon. They have agreed to insure me on track days on my existing “every day” type policy. However, they want me to phone them before each track day to tell them the details about where it is and who is organising it. They then phone the underwriters and then get back to me with an additional charge. For example, I am driving at Croft on July 5th with the BMWCC and the underwriter said I must pay an additional £29, which I think is fair. They have charged me the same for Easy Track’s day at Oulton on 10 July. I intend to get the invoice sent to me so I have something in writing in case the worst happens.
Their annual quote for me is around £1100, which is reasonably competitive (for where I live in the darkest Toon). I am 30 with 4 years NCB and I drive a Boxster S worth around 29 grand. The cheapest quote I got was with the Halifax, just £750 but they don’t cover track days so this was a non-starter.
Hey Daz!!
I had a long chat with Liverpool Victoria again. Their quote was about the same, ie £1140. The rep on the phone insisted that track day cover was supplied free of charge and that I DID NOT have to be a member of the CSMA. I said that “there’s this lad called Daz with a 911 Turbo who would disagree with you on that one”, but she was sticking to her guns. She had a chat with her manager and they couldn’t tell me where the CSMA thing had come from. However, they wouldn’t send me a quote with it in writing that I didn’t need to be in the CSMA. They said that could only happen after I bought the policy and then customer services would send the paper work. I said that this happened to Daz and that was when the CSMA thing came to light, and that by then it was too late………but the girl had stopped listening to me by then.
So I have stuck with an Aon every day policy and I will pay the £29/track day no bother. What I would say about Aon is that their service is top notch. They don’t keep you hanging on the phone for ages and their staff are very polite. I am happy to be staying with them.
Oh yes, I did try the broker that Melv and Sean Dudding recommended to me and depending on what they say (they will ring me back), I might change at renewal time, but that’s not for a few months. Guys, is this broker a secret thing?!! The first thing they said when I phoned them was, “Who sent you?” and I replied, “so this is on a need to know basis, right?” It felt like I was ringing MI5 or something.
I'll do a bit of a double post on the track day forum for the benefit of the non-Porker fellas.
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