Track Day Insurance-is it worth it? policy details below
Discussion
My previous policy for track day use (bought per track day) covers the following;
-The cost of repairing or replacing an insured vehicle after physical damage or destruction as a direct result of impact when the vehicle is driven at an insured event by an insured driver. Up to the insured amount shown on the schedule.
Additional cover
-The cost of repairing or replacing an insured vehicle after fire damage or destruction following a covered impact. Up to the amount shown in the schedule.
-The cost of repairing or replacing the external casing of the vehicle’s engine, gearbox or differential following a covered impact. Up to the amount shown in the schedule
What it doesn't cover
-Death or third party liability including bodily injury and property damage.
The first statement seems vague to me, especially within the context of what isn't covered. If someone hits me and we spin off track, causing damage to a part of the circuit, and the other party does not admit liability, what then?
-The cost of repairing or replacing an insured vehicle after physical damage or destruction as a direct result of impact when the vehicle is driven at an insured event by an insured driver. Up to the insured amount shown on the schedule.
Additional cover
-The cost of repairing or replacing an insured vehicle after fire damage or destruction following a covered impact. Up to the amount shown in the schedule.
-The cost of repairing or replacing the external casing of the vehicle’s engine, gearbox or differential following a covered impact. Up to the amount shown in the schedule
What it doesn't cover
-Death or third party liability including bodily injury and property damage.
The first statement seems vague to me, especially within the context of what isn't covered. If someone hits me and we spin off track, causing damage to a part of the circuit, and the other party does not admit liability, what then?
E-bmw said:
daveco said:
My previous policy for track day use (bought per track day) covers the following;
-The cost of repairing or replacing an insured vehicle after physical damage or destruction as a direct result of impact when the vehicle is driven at an insured event by an insured driver. Up to the insured amount shown on the schedule.
Additional cover
-The cost of repairing or replacing an insured vehicle after fire damage or destruction following a covered impact. Up to the amount shown in the schedule.
-The cost of repairing or replacing the external casing of the vehicle’s engine, gearbox or differential following a covered impact. Up to the amount shown in the schedule
What it doesn't cover
-Death or third party liability including bodily injury and property damage.
The first statement seems vague to me, especially within the context of what isn't covered. If someone hits me and we spin off track, causing damage to a part of the circuit, and the other party does not admit liability, what then?
THERE IS NO THIRD PARTY COVER!-The cost of repairing or replacing an insured vehicle after physical damage or destruction as a direct result of impact when the vehicle is driven at an insured event by an insured driver. Up to the insured amount shown on the schedule.
Additional cover
-The cost of repairing or replacing an insured vehicle after fire damage or destruction following a covered impact. Up to the amount shown in the schedule.
-The cost of repairing or replacing the external casing of the vehicle’s engine, gearbox or differential following a covered impact. Up to the amount shown in the schedule
What it doesn't cover
-Death or third party liability including bodily injury and property damage.
The first statement seems vague to me, especially within the context of what isn't covered. If someone hits me and we spin off track, causing damage to a part of the circuit, and the other party does not admit liability, what then?
Sorry to sound shouty but that is the simple answer to your question, blame is completely irrelevant your insurance covers damage to your track day car on a track day as long as you and the event conform to the insurance Ts & Cs simple.
No third party can claim on your insurance you cannot claim as a third party on anyone else's insurance.
All of which is perfectly normal for TD cover.
SonicShadow said:
It was posted here a while ago.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Wow. That's an eye opener. https://www.pistonheads.com/gassing/topic.asp?h=0&...
The 135 driver was clearly in the wrong, and yet it looks like he didn't face any punishment whatsoever, if the lack of conclusion is anything to go by.
So it really is a case of driving the track carefully and in a car you can afford to have written off. TD insurance pointless in this case.
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