Insurance

[glendog74]

Originally Posted by Mark S

Well that question certainly seemed to kill the thread

I cant imagine any insurance company saying 'we will insure you for TF at the Ring' but there are still some insurance companies that dont specifically exclude the Ring, which probably gives you a fighting chance if you do have a mishap.

I too am still wondering what CCI stance is, maybe silence says it all.

CCI don't cover the Ring - as per most other insurers. The ones who may not yet exclude the Ring are probably the type of insurer who wont insure a CSL anyway

To get Ring specific insurance you need to go with MORIS (Everitt Boles) or similar. It's not cheap though...

Originally Posted by glendog74

CCI don't cover the Ring - as per most other insurers.

Out of interest, do all on here who are insured with CCI know this?

So hypothetically, if I were to have a crash at the ring (assuming it was the other persons fault) with someone on here who is insured with CCI and knowingly drives on the ring without *any* insurance, I'd be screwed and would have to sue them to reclaim any damage to my car (or worse, myself or a passenger).

Is this fair? Worthy of discussion.

[shane@mbtech]

Originally Posted by Steve Gill

Out of interest, do all on here who are insured with CCI know this?

So hypothetically, if I were to have a crash at the ring (assuming it was the other persons fault) with someone on here who is insured with CCI and knowingly drives on the ring without *any* insurance, I'd be screwed and would have to sue them to reclaim any damage to my car (or worse, myself or a passenger).

Is this fair? Worthy of discussion.

Not really true steve, The other person is technically insured 3rd party through the legal obligation of the insurance company even though it says they are not insured so to speak. You would be paid out by their insurance but they would have to repair their own car, then their insurance company "could" try to reclaim cost of payout from their customer.

[Mark S]

The other person is technically insured 3rd party through the legal obligation of the insurance company even though it says they are not insured so to speak. You would be paid out by their insurance but they would have to repair their own car, then their insurance company "could" try to reclaim cost of payout from their customer.

Thats a scary thought.

I could tell the wife
'i caused a big crash, the car is written-off and we are not insured so we have lost £25k . . . . . '
but it would be difficult to add
. . . . . . . 'and when our insurance company has paid-out the personal injury claims and repairs to the other cars they will be coming to take everything else that we own'

[glendog74]

Originally Posted by Mark S

Thats a scary thought.

I could tell the wife
'i caused a big crash, the car is written-off and we are not insured so we have lost £25k . . . . . '
but it would be difficult to add
. . . . . . . 'and when our insurance company has paid-out the personal injury claims and repairs to the other cars they will be coming to take everything else that we own'

That's what will have happened to a British M5 driver recently after he caused a 6 car crash - the bill was probably circa €400,000...

I think probably the vast majority of non-German insured drivers at the Ring drive the TF uninsured.

On UK track days of course, someone can crash into you and write off your car but is still not liable to pay you a single penny towards repair. That's why i have track insurance...

[derek]

Just renewed ins with CCI £455 AP's, KW suspension and 5 track days. Novell and Richards were £564 with 5 track days but dont do modified suspension.

Just had a thought if someone writes off there car on the site we can all put our cars up for sale at inflated prices so they can quote all the adverts so they get a fair price if the insurance company is quoting silly prices

[glendog74]

Originally Posted by derek

Just renewed ins with CCI £455 AP's, KW suspension and 5 track days. Novell and Richards were £564 with 5 track days but dont do modified suspension.

You fit the KWs in the end then Derek?

[derek]

Originally Posted by glendog74

You fit the KWs in the end then Derek?

I done the rear last weekend myself getting some help with the front this weekend. Got the rear set as per your thread. Hopefully get the car finished this weekend. Track day next Sunday RS Owners club at knockhill I would still do a swap to get an escort cosworth back for the right price.
.

Originally Posted by lawsy

Not really true steve, The other person is technically insured 3rd party through the legal obligation of the insurance company even though it says they are not insured so to speak. You would be paid out by their insurance but they would have to repair their own car, then their insurance company "could" try to reclaim cost of payout from their customer.

Is that still true if the insurance company specifically excludes the ring in writing (their small print) though? My understanding was if they exclude in writing (as CCI do) then this didn't apply. I could be wrong though (and hope I am!)

[Dan]

Originally Posted by glendog74

I think CCI should put some money back into this forum after all the business that has gone their way of late from here!

It would be nice, but they now sponsor thier own race series which is also televised! Unfortunately I doubt they've got a lot left for us! Lol

Shane, exclusions are exclusions mate and if an insurer can avoid paying something especially when their point of cost recovery looks less than reliable then they will! Basically, if your policy excludes the Ring and you choose to drive there anyway, then anything or anyone you hit is coming out of your pocket!