GULP - Trackday Insurance shot up
#1
Just got some prices from Egger for Croft, may seriously curtail my track days this year. Anyone else do track day insurance or do Egger have a monopoly?
Option 1 Option 2 Option3 Option 4
Sum Assured 2,000 5,000 8,000 11,000
Excess 250 750 1,000 1,250
Cover 1,750 4,250 7,000 9,750
Premium per Track Day £42.50 £80 £117.50 £155
Option 5 Option 6 Option 7 Option 8
Sum Assured 14,000 17,000 22,000 27,000
Excess 1,500 2,000 2,000 2,000
Cover 12,500 15,000 20,000 25,000
Premium per Track Day £192.50 £230 £305 £380
Option 1 Option 2 Option3 Option 4
Sum Assured 2,000 5,000 8,000 11,000
Excess 250 750 1,000 1,250
Cover 1,750 4,250 7,000 9,750
Premium per Track Day £42.50 £80 £117.50 £155
Option 5 Option 6 Option 7 Option 8
Sum Assured 14,000 17,000 22,000 27,000
Excess 1,500 2,000 2,000 2,000
Cover 12,500 15,000 20,000 25,000
Premium per Track Day £192.50 £230 £305 £380
#2
Moderator
iTrader: (2)
There is another company in London but nowhere near as competitive (& I mean NOWHERE!).
You need to gain some history with them & then the premium comes down. I ran option 4 @ BA & that was £105 Probably OTT for that circuit & PTMW! now but peace of mind.
Face it Greg, you're a <I>risk</I>!!!
You need to gain some history with them & then the premium comes down. I ran option 4 @ BA & that was £105 Probably OTT for that circuit & PTMW! now but peace of mind.
Face it Greg, you're a <I>risk</I>!!!
#4
Moderator
iTrader: (1)
Greg,
the cost has risen dramatically for us Scots, who used to get 12k of cover for as little as £35 last year.
However, we now take out the option for about £5k of cover, as virtually all the track day accidents I've heard about have involved about £2k - £4k worth of damage. Most incidents on track tend to involve a front end or side on impact with a tyre wall, and you can easily replace these panels, including door skins, for about £4k including all parts, labour and VAT.
the cost has risen dramatically for us Scots, who used to get 12k of cover for as little as £35 last year.
However, we now take out the option for about £5k of cover, as virtually all the track day accidents I've heard about have involved about £2k - £4k worth of damage. Most incidents on track tend to involve a front end or side on impact with a tyre wall, and you can easily replace these panels, including door skins, for about £4k including all parts, labour and VAT.
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#10
And it is not unheard of for 'strange' people to be about, videoing those on track.
It may be one of the urban myths, but 50% of the bikes at the Dono day I went to had their number plates taped up BEFORE THEY ARRIVED!!! They cited insurance company spotters as the reason.
Of course, a bike is a little easier to load onto a flatbed, plus they can't get track insurance anyway.
Speak to Tom (Rum) next time your insurance is due. I pay £52 per track day for full replacement value with 10% excess. OK so a little bump I'll have to pay out of my pocket, but its more the rolling/stacking it fast into the tyres I'm bothered about having cover for...
It may be one of the urban myths, but 50% of the bikes at the Dono day I went to had their number plates taped up BEFORE THEY ARRIVED!!! They cited insurance company spotters as the reason.
Of course, a bike is a little easier to load onto a flatbed, plus they can't get track insurance anyway.
Speak to Tom (Rum) next time your insurance is due. I pay £52 per track day for full replacement value with 10% excess. OK so a little bump I'll have to pay out of my pocket, but its more the rolling/stacking it fast into the tyres I'm bothered about having cover for...
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