Tescos and trackdays?
09 November 2001, 09:38 PM
#2
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Hmmm, depends on the wording of the policy.
A friend of mine doesn't bother insuring his Lotus for trackdays, as his policy only excludes 'racing, rallying, time trials', and since track days are non-competitive.....
He says there is some info about this on the Insurance Ombudsmans web site www.theiob.org.uk, but I can't find it.
A friend of mine doesn't bother insuring his Lotus for trackdays, as his policy only excludes 'racing, rallying, time trials', and since track days are non-competitive.....
He says there is some info about this on the Insurance Ombudsmans web site www.theiob.org.uk, but I can't find it.
10 November 2001, 10:47 AM
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Its all very well not insuring the car for trackdays (i.e. hoping that because it doesn't specifically exclude it in the wording there won't be a problem with the claim) - however what I would suggest is 1) if the claim is repudiated, could you afford to reinstate your loss yourself?? and 2) unless you are fully aware of the cover, settlement of a claim like this could take months and months...i.e. can you afford not to have a car for that amount of time?? (basically if the claim goes to the ombudsman, even if it goes in your favour, the likelyhood is it will take certainly a couple of months to sort out).
IMHO (and I know I am in insurance) I would always check the policy/cover with the insurer - and if they specifically exclude it, I personally would arrange cover via a Third Party carrier (i.e. Eggar Lawson) - if they are prepared to cover it on the policy as an extension (like NU), then I would arrange to extend the cover for a small premium per event...or if they include it anyway, well then you're fine
...
However I would NEVER take the risk - its just not worth it, and in the event of a problem/claim - there is just too much hassle and time wasting trying to get the insurers to pay up - even if you do involve the ombudsman...
Just my 25 pence worth
Rum*
IMHO (and I know I am in insurance) I would always check the policy/cover with the insurer - and if they specifically exclude it, I personally would arrange cover via a Third Party carrier (i.e. Eggar Lawson) - if they are prepared to cover it on the policy as an extension (like NU), then I would arrange to extend the cover for a small premium per event...or if they include it anyway, well then you're fine
...However I would NEVER take the risk - its just not worth it, and in the event of a problem/claim - there is just too much hassle and time wasting trying to get the insurers to pay up - even if you do involve the ombudsman...
Just my 25 pence worth
Rum*
10 November 2001, 10:13 PM
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Chris
I haven't read my policy in detail recently, but the Tesco cover should extend to track days. When I took out the cover theay said track days were included, all you had to do was notify them in advance
Ed
I haven't read my policy in detail recently, but the Tesco cover should extend to track days. When I took out the cover theay said track days were included, all you had to do was notify them in advance
Ed
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