Financial matters

Track day car insurance
One of the fastest growing hobbies in the UK today is track day racing. The trackday phenomenon is quickly becoming more and more popular with regular events being arranged by various trackday organisers and owners clubs. Basically what this involves is taking your vehicle along to the local race track and thrashing it around the track at high speeds with like minded car enthusiasts without worrying about the long arm of the law! if you own a sports car, hot hatch or fast japanese import car then due to the road regulations in the UK today, track events are the only way to experience the full potential of your vehicle’s performance.

Track days have now become an established part of the motorsport community. However, if you were thinking your existing insurer will cover you for any damage or injuries caused while track racing then think again! Without exception all Uk car insurance companies specifically exclude racing - ” exclusions - use for any competitions, trial, performance test, race or trial of speed, including off road events whether between motor vehicles or otherwise and irrespective if whether this takes place on any circuit or track”. Basically, if you prang your car at a trackday your insurance company will not pay out - its that simple.

What you need to do is arrange specific cover for these types of events - trackday insurance. Unfortunately due to the additional cost of trackday insurance many people are risking the track events with no cover at all, in the case of an accident they usually try and get the vehicle towed a few miles from the race track then try and claim accident happened on public road, be warned, insurance adjustors are not stupid and if caught doing this its not just a matter of no insurance payout, its a criminal investigation! There really is no need to take such risks as getting a Trackday car insurance quote couldn’t be simpler nowadays. All you need to do is contact a specialised broker who can organise track day car insurance for the day or even a policy to cover you for any track day event annually.

Specialised insurance brokers who offer cover for trackdays, racing, rally car insurance etc, have a panel of insurance companies willing to offer cover whether it be for single event or a full 12 month policy including trackday cover free of charge, all at a competitive rate. These specialist policies can include accident damage while competing, damage caused during testing or practicing for a competitive motor event, car damage caused while participating in track day or days and car damage which resulted from corporate events. The track day and motorsport insurance cover can be for rolling chassis damage, damage caused by fire, fire caused by mechanical defect plus accident damage which effects the engine and/or transmission. Motorsport and track day insurance is even offered on competition cars while they are on the public road.

If, like a lot of drivers in the UK you want to take your car to the track on one of the open days or “hot hatch” days and enjoy the thrills of high speed driving without breaking the law, then make sure you arrange trackday insurance prior to the event.