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Annual insurance ? |
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MHunt 
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Joined: 23 Jan 2012 Status: Offline Points: 424 |
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 Topic: Annual insurance ?Posted: 28 Aug 2013 at 12:01pm |
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A question for all you trackmeisters. It's renewal time for me, and I'm keen to find a provider that allows for the occasional trackday as part of a regular annual policy. Any recommendations ? Thanks in advance.
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Peter C
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Joined: 04 Sep 2006 Location: North West Status: Offline Points: 192 |
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Posted: 28 Aug 2013 at 2:04pm |
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Do not know if your car is a daily driver or not. ie could classic insurance be an option? If so try classicline because they include trackday cover.
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Peter Cheesbrough
F11 535D M Sport |
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Brian H
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Joined: 11 Mar 2013 Location: Killin Status: Offline Points: 54 |
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Posted: 28 Aug 2013 at 5:20pm |
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Competition Car Insurance offer 5 track days per annum as part of the premium, they are nice people to deal with and seem to be competitive too.
HTH
Edited by Brian H - 28 Aug 2013 at 6:33pm |
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MHunt
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Joined: 23 Jan 2012 Status: Offline Points: 424 |
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Posted: 29 Aug 2013 at 8:19am |
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Thanks for the replies, gents. I should have clarified that the car is a daily driver. But I will try classicline anyway, as I may need them to insure another car. So utopia would be an annual DD policy that allowed 1-2 track days and worked out cheaper than adding specific track insurance each time I do an event. Brian - we were parked next to each other at Cadwell. Hope you are well and see you there next year ! |
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Cabrio
Register Chair
E30 Register & Competition Secretary Joined: 24 Aug 2006 Location: United Kingdom Status: Offline Points: 6625 |
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Posted: 29 Aug 2013 at 2:18pm |
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I would suggest you call Clare at A Plan insurance as they work closely with the carclub and also the trackday cars so would be a good bet - main number is 01635874646 you can say spoke to Neil if want to blame anyone if it all goes pear shaped
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E30 Register joint coordinator - Competition Secretary - Contact name Neil for PM and Email - cabrio_e30@yahoo.co.uk - be aware addicted to E numbers
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Brian H
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Joined: 11 Mar 2013 Location: Killin Status: Offline Points: 54 |
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Posted: 01 Sep 2013 at 8:53am |
Hi Matthew, would be good to see you at Cadwell next year 
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Nick Wright
Register Chair
Joined: 05 Aug 2006 Location: Selby Status: Offline Points: 1271 |
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Posted: 01 Sep 2013 at 12:54pm |
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Give Darren a call at Classicline he will tailor a policy to suit including cover for our club organised track days.
My 328i is a tad over £200 for the year
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MHunt
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Joined: 23 Jan 2012 Status: Offline Points: 424 |
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Posted: 02 Sep 2013 at 12:09pm |
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Thanks Nick, I did, but unfortunately they were nearly £200 more than my bog standard LV policy - so because I only do 1 trackday a year it is cheaper for me to insure that on a standalone basis.
I appreciate all the advice, thanks chaps.
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ian barford
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Joined: 02 Sep 2007 Location: BURNLEY Status: Offline Points: 424 |
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Posted: 02 Sep 2013 at 7:35pm |
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I used to have track insurance on the 328.
it was an unfortunate thing that happened....basically, I stuffed it! lots of rear end damage and a few tears too when I had a look at my policy it said excess was £2000 but would be reduced to £1000 if previous track day experience could be proved. at that time we had 3 cars and a van and for the next 5 years or so that same old question would've kept risen its ugly head "have you had any claims or convictions in the past 5 years" it would've cost me a absolute fortune in raised premiums had I claimed probably cost me just over £2000 to put all the damage back to as new condition and that was thanks to a few good friends really doing things for virtually nothing. track driving is very safe if you treat the circuit with the respect it deserves. over confidence, usually in adverse conditions is possibly the biggest culprit of an on track incident and take it from me, things tend to speed up when you hit that wet grass! personally, I don't have track cover these days, I know the risk's but more importantly, I know my limitations  Edited by ian barford - 02 Sep 2013 at 7:38pm |
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Come and join the Trackday Register
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dteagles
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Joined: 09 May 2007 Location: UK, Bucks Status: Offline Points: 3476 |
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Posted: 02 Sep 2013 at 7:44pm |
I remember at one track day I went to the instructor coming back in after a sighting lap stating that "the grass is particularly quick today!" In other words....stay off it!
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 Think about what you can do for the club, not what it can do for you... |
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DParker
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Joined: 06 Oct 2011 Location: North Devon Status: Offline Points: 115 |
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Posted: 02 Sep 2013 at 8:34pm |
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At Snetteron last year I likewise found the grass through my own error and hit the Armco rear ended the car, not too bad but bad enough. I also have insurance with Competition cars and it has 5 days of track cover included I do let them know when I am doing a track day but as has been said elsewhere by the time you take in the knock on effect of stating you have made a claim it has to be a very big shunt to make it worth claiming.
I think that is why the policy when I got it was cheaper than my policy for the other car (same type 2.8 Z3's ) that I only use on the road, the insurers know that we are more likely to find a way to sort it ourselves. So I use it as an "incase I really stuff it" and the car is a write-off. What I have also noticed is that because we are all responsible for our own cars and NOT the 3rd party at the BMWCCGB track days there is great care not to involve some else's car only your own. There is space at the corners and no daft overtakes on corners etc. Well done Nick and the team(s) Edited by DParker - 02 Sep 2013 at 8:35pm |
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Blue for the Road, Black for the Track
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Norrie
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Joined: 15 Jul 2012 Status: Offline Points: 4117 |
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Posted: 03 Sep 2013 at 12:18am |
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Interesting point here, I believe in Law most of the disclaimers are invalid. I worked with a Barrister who once, it is alleged, without giving any official professional advice, said that most disclaimers are easily challenged in law.
This evidently comes down to a fiduciary responsibility and duty of care. There was one famous case where it is alleged a famous celebrity had a fur coat she had handed to a staff member in a high class London hotel. There was the normal disclaimer about hats and coats etc. She sued them for failure to take care of her goods and they settled out of court. It was missing by the way when she asked for it back! Potentially the same could apply to these track days, the difficulty is that the track owners have far more monies to defend themselves than the claiming party. I urged the BMWCCGB to insure themselves against the "easiest target" claim and would also extend that advice to any track day "organiser". I have only done the trackday once and it was enjoyable, but due to the aforementioned I felt no need for special insurance. I did not crash so no need to put it to the test, it was fun as a one off experience. |
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DParker
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Joined: 06 Oct 2011 Location: North Devon Status: Offline Points: 115 |
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Posted: 03 Sep 2013 at 12:01pm |
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I just reread my post as a result of Norrie's post and realised that my post may imply that it is only the BMW CCGB trackdays that are structured in this way. That is not so, it is all track days and track day insurance policies, that I have met so far.
I guess the "easiest Target" type claim is obviously also based on can they afford to pay out as well. My sister has a court case going through where the person being claimed against is not the obvious one because the obvious one cannot afford to meet the damages whereas the solicitors went for the people who had the insurance and they are proving gross incompetence and negligence. "easiest profitable target" maybe. If you have nothing to lose who is going to sue you if they cannot get anything back for the "action" Sorry this is heading a little off topic
Edited by DParker - 03 Sep 2013 at 12:03pm |
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Blue for the Road, Black for the Track
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Norrie
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Joined: 15 Jul 2012 Status: Offline Points: 4117 |
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Posted: 03 Sep 2013 at 12:18pm |
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Duncan, an excellent point. That is the trouble with litigation, but there is always profit in it. My former Global employer had a team of high paid experts to protect it from claims and also to make those against others where necessary. One never sees a poor lawyer.
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MHunt wrote: