Limited mileage policies and trackdays
Discussion
Afternoon all,
I'm sure some of you here are on limited mileage policies, and I'm wondering if you can answer a question better than my insurance company.
I'm currently on a 5,000mile p/a policy and I use that car on track aswell. While this is happening the mileometer is obviously ticking round, and this is what the insurance company use to guage the annual mileage that the vehicle has completed, even though a certain number of those miles will be done off the road where the insurance doesn't apply.
Although the problem hasn't been encountered it's quite feasible that I could complete 5,200 miles a year, with 300 of those on track, but I would be penalised by my insurance company.
I asked my insurance co. about this and they basically say "tough luck".
So what have other people experienced with this potential problem?
Cheers.
I'm sure some of you here are on limited mileage policies, and I'm wondering if you can answer a question better than my insurance company.
I'm currently on a 5,000mile p/a policy and I use that car on track aswell. While this is happening the mileometer is obviously ticking round, and this is what the insurance company use to guage the annual mileage that the vehicle has completed, even though a certain number of those miles will be done off the road where the insurance doesn't apply.
Although the problem hasn't been encountered it's quite feasible that I could complete 5,200 miles a year, with 300 of those on track, but I would be penalised by my insurance company.
I asked my insurance co. about this and they basically say "tough luck".
So what have other people experienced with this potential problem?
Cheers.
dswombat172a said:
Afternoon all,
I'm sure some of you here are on limited mileage policies, and I'm wondering if you can answer a question better than my insurance company.
I'm currently on a 5,000mile p/a policy and I use that car on track aswell. While this is happening the mileometer is obviously ticking round, and this is what the insurance company use to guage the annual mileage that the vehicle has completed, even though a certain number of those miles will be done off the road where the insurance doesn't apply.
Although the problem hasn't been encountered it's quite feasible that I could complete 5,200 miles a year, with 300 of those on track, but I would be penalised by my insurance company.
I asked my insurance co. about this and they basically say "tough luck".
So what have other people experienced with this potential problem?
Cheers.
Just keep all the receipts from the track days you attend. Assume say 150-250 miles per track day?I'm sure some of you here are on limited mileage policies, and I'm wondering if you can answer a question better than my insurance company.
I'm currently on a 5,000mile p/a policy and I use that car on track aswell. While this is happening the mileometer is obviously ticking round, and this is what the insurance company use to guage the annual mileage that the vehicle has completed, even though a certain number of those miles will be done off the road where the insurance doesn't apply.
Although the problem hasn't been encountered it's quite feasible that I could complete 5,200 miles a year, with 300 of those on track, but I would be penalised by my insurance company.
I asked my insurance co. about this and they basically say "tough luck".
So what have other people experienced with this potential problem?
Cheers.
If you are ever in a position where you want to claim on your insurance and they're refusing because of excess mileage, get back on to the "Plod & The Law" bit of the forum for some advice. As long as you have a reasonable amount of documentation the insurer won't stand a chance.
i have had the same problem with the insurers. i had a track day at silverstone that racked up nearly 400miles, none of which covered by my previous insurance policy yet came out of my limited mileage entitlement. their arguement was that there is no way of certifying how many miles are done on track by the owner. fair enough. ive now changed to REIS (richard egger) who also have this claus but they throw in 4 track days as part of the policy to help cover this issue.
keeping receipts for track days simply wont matter. the small print covers that. you have limited mileage insurance. if you exceed that, whether on road or track, your insurance is no longer valid.
if you are getting near the limit of you mileage allowance then just bite the bullet and extend the cover. its frustrating but if we take out the policy, agreeing those terms, then we dont have much of a leg to stand on if we then exceed that mileage.
keeping receipts for track days simply wont matter. the small print covers that. you have limited mileage insurance. if you exceed that, whether on road or track, your insurance is no longer valid.
if you are getting near the limit of you mileage allowance then just bite the bullet and extend the cover. its frustrating but if we take out the policy, agreeing those terms, then we dont have much of a leg to stand on if we then exceed that mileage.
atom mark said:
keeping receipts for track days simply wont matter. the small print covers that. you have limited mileage insurance. if you exceed that, whether on road or track, your insurance is no longer valid.
if you are getting near the limit of you mileage allowance then just bite the bullet and extend the cover. its frustrating but if we take out the policy, agreeing those terms, then we dont have much of a leg to stand on if we then exceed that mileage.
Sorry but that's not at all correct! The insurer may *say* they won't pay out if your mileage on a limited-mileage policy is exceeded (when it was exceeded under another insurer's policy or not insured, e.g. uninsured driver/track day), they have absolutely no way they can refuse a claim provided you have evidence you did the track days. (They can argue, but they will lose.)if you are getting near the limit of you mileage allowance then just bite the bullet and extend the cover. its frustrating but if we take out the policy, agreeing those terms, then we dont have much of a leg to stand on if we then exceed that mileage.
edb49 said:
atom mark said:
keeping receipts for track days simply wont matter. the small print covers that. you have limited mileage insurance. if you exceed that, whether on road or track, your insurance is no longer valid.
if you are getting near the limit of you mileage allowance then just bite the bullet and extend the cover. its frustrating but if we take out the policy, agreeing those terms, then we dont have much of a leg to stand on if we then exceed that mileage.
Sorry but that's not at all correct! The insurer may *say* they won't pay out if your mileage on a limited-mileage policy is exceeded (when it was exceeded under another insurer's policy or not insured, e.g. uninsured driver/track day), they have absolutely no way they can refuse a claim provided you have evidence you did the track days. (They can argue, but they will lose.)if you are getting near the limit of you mileage allowance then just bite the bullet and extend the cover. its frustrating but if we take out the policy, agreeing those terms, then we dont have much of a leg to stand on if we then exceed that mileage.
edb49 said:
Sorry but that's not at all correct! The insurer may *say* they won't pay out if your mileage on a limited-mileage policy is exceeded (when it was exceeded under another insurer's policy or not insured, e.g. uninsured driver/track day), they have absolutely no way they can refuse a claim provided you have evidence you did the track days. (They can argue, but they will lose.)
How do you propose proving *how many* miles you do on a trackday? Frankly if you've enough money to afford a lawyer to fight that one out, you've enough money to pay the extra few quid for more miles on your policy.sfaulds said:
edb49 said:
Sorry but that's not at all correct! The insurer may *say* they won't pay out if your mileage on a limited-mileage policy is exceeded (when it was exceeded under another insurer's policy or not insured, e.g. uninsured driver/track day), they have absolutely no way they can refuse a claim provided you have evidence you did the track days. (They can argue, but they will lose.)
How do you propose proving *how many* miles you do on a trackday? Frankly if you've enough money to afford a lawyer to fight that one out, you've enough money to pay the extra few quid for more miles on your policy.I am on a 5K miles a year policy, did about 6.5K last year with most if not all of the extra being on trackdays, no issue at renewal, just told them the new mileage and stated that the car was used for trackdays as well as normal road use and absolutely no issue at all.
A-One insurance is the broker and Britcar the actual insurance company.
A-One insurance is the broker and Britcar the actual insurance company.
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