Trackday insurance
Moderator: martauto
BMW 320i cost me £230 with trackday cover for the year 
-
oldroydsr4
- E30 Zone Squatter
- Posts: 1579
- Joined: Tue Oct 25, 2005 11:00 pm
- Location: Warwick
^^^
You don't need it but if you stick it in the wall your at a total loss.
If you can't afford to lose it don't use it (or pay for insurance)
You don't need it but if you stick it in the wall your at a total loss.
If you can't afford to lose it don't use it (or pay for insurance)
Adrian Flux and HIC are sister companies (teaching Granny to suck eggs here?) and hence offer similar policies.
One thing to think about it the excess. I managed to have the track excess knocked down on an HIC policy by proving trackday experience.
At first IIRC it was £1k or £2k - pretty much not worth claiming on. Got knocked down to £500 as could prove a lot of track experience, have my national B rally licence, have regular access to high powered cars.
Conversely though, neither of these companies go into enough detail for me in their paperwork and charge a lot for changes mid-term and agreed valuations. A massive issue I had was my Pug 309 Mi16 with a custom rebuilt close ratio box and LSD went on the insurance as "unclassified gearbox modification".
In a total loss event like theft, imagine trying to claim for near enough a grands worth of box with the above stated on the insurance!!! Their agreed valuations are also often (in Pug terms at least) very very conservative. I used to do valuations for people in the Peugeot Sport Club and insured a 205 Cti with HIC. It was very low mileage, garaged from new, full main dealer history and immaculate inside and out. My valuation and that of the club chairman were sent in with around 40 high res pictures - when it came back they'd knocked near enough a grand off the price with no justification. Strangely enough I sold the car on a year later at the price I valued it at!
IMHO better off finding a proper specialist that covers track, rather than a modified road car insurers that just happens to cover it. Alternatively save the money in case worst should happen.
One thing to think about it the excess. I managed to have the track excess knocked down on an HIC policy by proving trackday experience.
At first IIRC it was £1k or £2k - pretty much not worth claiming on. Got knocked down to £500 as could prove a lot of track experience, have my national B rally licence, have regular access to high powered cars.
Conversely though, neither of these companies go into enough detail for me in their paperwork and charge a lot for changes mid-term and agreed valuations. A massive issue I had was my Pug 309 Mi16 with a custom rebuilt close ratio box and LSD went on the insurance as "unclassified gearbox modification".
In a total loss event like theft, imagine trying to claim for near enough a grands worth of box with the above stated on the insurance!!! Their agreed valuations are also often (in Pug terms at least) very very conservative. I used to do valuations for people in the Peugeot Sport Club and insured a 205 Cti with HIC. It was very low mileage, garaged from new, full main dealer history and immaculate inside and out. My valuation and that of the club chairman were sent in with around 40 high res pictures - when it came back they'd knocked near enough a grand off the price with no justification. Strangely enough I sold the car on a year later at the price I valued it at!
IMHO better off finding a proper specialist that covers track, rather than a modified road car insurers that just happens to cover it. Alternatively save the money in case worst should happen.