Insurance.

w3lton · 01-07-09, 12:55

Just wondering what happens on the insurance side of things, am I right in assuming everyone has their own motorsport policy + liability insurance?

Just thinking of possible ways of competing and getting enough sponsorship for a race only car is pretty much impossible. So that leaves the daily driver brought into line with the regs.

But what if a) I smash the car to bits, b) someone smashes my car to bits, c) a or b happen and a spectator etc get injured?

R53mcs · 01-07-09, 13:06

You can get specialist insurance for actual competition...just like trackday insurance is specialist compared to road insuarance...competition insurance is specialist again.

Ant FR · 01-07-09, 13:15

good question which nobody has looked into yet i believe. I don;t think you need a public liability as the spectators are covered by the event organiser and thats what your race entrance costs cover, they are then usually negated of liability by the old motorsport is dangerous warnings and sticking to the required safety rules etc

As for car insurance, toughy really, you can get comptition insurance as others have said, but it won't be cheap and i would have thought the excesses would be very high. However for competition this should be cheaper than an actual race as its classed more as a timed event than a competitive race.

Sure the organiser guys will be along soon

scrutineer · 01-07-09, 22:03

Well i can confirm that the events are fully insured for public liability but that would not cover damage to cars which would need to bearranged by the competitor

01-07-09, 12:55	#1 (permalink)
w3lton Dabbling Join Date: May 2009 Location: Southend Posts: 226 Thanks: 8 Thanked 16 Times in 15 Posts	Insurance. Just wondering what happens on the insurance side of things, am I right in assuming everyone has their own motorsport policy + liability insurance? Just thinking of possible ways of competing and getting enough sponsorship for a race only car is pretty much impossible. So that leaves the daily driver brought into line with the regs. But what if a) I smash the car to bits, b) someone smashes my car to bits, c) a or b happen and a spectator etc get injured?

01-07-09, 13:15	#3 (permalink)
Ant FR Pug 206 Gti Join Date: Jun 2008 Posts: 3,239 Thanks: 48 Thanked 258 Times in 192 Posts	good question which nobody has looked into yet i believe. I don;t think you need a public liability as the spectators are covered by the event organiser and thats what your race entrance costs cover, they are then usually negated of liability by the old motorsport is dangerous warnings and sticking to the required safety rules etc As for car insurance, toughy really, you can get comptition insurance as others have said, but it won't be cheap and i would have thought the excesses would be very high. However for competition this should be cheaper than an actual race as its classed more as a timed event than a competitive race. Sure the organiser guys will be along soon __________________ SORRY

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

01-07-09, 13:06	#2 (permalink)
R53mcs Becoming Addicted Join Date: Jul 2008 Posts: 1,237 Thanks: 21 Thanked 60 Times in 58 Posts	You can get specialist insurance for actual competition...just like trackday insurance is specialist compared to road insuarance...competition insurance is specialist again.

01-07-09, 22:03	#4 (permalink)
scrutineer Time Attack Join Date: Jun 2009 Posts: 13 Thanks: 0 Thanked 7 Times in 3 Posts	Well i can confirm that the events are fully insured for public liability but that would not cover damage to cars which would need to bearranged by the competitor

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)