Insurance - Day Rate

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   As my normal policy doesn't cover use on a "Motor Sport Circuit", I have started exploring the cost of cover for the day.

I have had one quote for �94 per day with an �1800 excess. This is based on E34 M5 valued at �12k. Is this a good price?

Finding brokers who offer this cover isn't easy so any pointers would be welcome.

Thanks

Kevin

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kevin Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List Bavarian-Board Contributor Joined: 29-November-2002 Location: Camberley, Surrey Status: Offline Points: 3189	Topic: Insurance - Day Rate Posted: 23-June-2003 at 12:17
	As my normal policy doesn't cover use on a "Motor Sport Circuit", I have started exploring the cost of cover for the day. I have had one quote for �94 per day with an �1800 excess. This is based on E34 M5 valued at �12k. Is this a good price? Finding brokers who offer this cover isn't easy so any pointers would be welcome. Thanks Kevin

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John W Members Profile Send Private Message Find Members Posts Add to Buddy List Really Senior Member II Joined: 01-November-2002 Location: United Kingdom Status: Offline Points: 630	Posted: 23-June-2003 at 22:57
	I'm no expert, but that sounds reasonable. Everyone seems to use Competition Car Insurance for one off track day cover. Why not call them?
	John W 1990 E30 M3 Sport Evo 1990 E30 M3 http://www.bayareamotorsport.com/john_uk/

Nick Members Profile Send Private Message Find Members Posts Add to Buddy List Bavarian-Board Contributor BMWCC Area Organiser Yorks & Humber Joined: 21-October-2002 Location: God�s own county... Yorkshire Status: Offline Points: 1319	Posted: 24-June-2003 at 13:35
	Competition car insurance works slightly differently. You decide how much you would need to rebuild your car should the worse happen. You pay your premium based on this figure and that is what you get paid out. Most drivers do not cover the full value of the car as they would probably do most of the mending themselves and would only need to buy the parts. There is a firm advertising in the mag that do this sort of cover.