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Castle Coombe Trackday insurance

Discussion in 'Other Brands & Models' started by DuncS3, Jan 5, 2003.

  1. DuncS3
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    DuncS3 Member

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    Just thinking, something I read on Scoobynet about a group deal they got together with one of the specialist trackday insurers for a club event they had - should we try and sort something for the Castle Coombe trackday? I, plus maybe quite a few others will be looking for insurance cover of some sort...
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  2. Hopsta
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    Hopsta Member

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    Duncan I'd be interested in that, do you know what sort of cover they were offered and for how much, including excess ??

    Graham
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  3. DavidT
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    DavidT Member

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    Yep, I want some of that and would be grateful for any information.
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  4. toasty
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    toasty Member

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    Me too.

    My insurance company won't cover me, and the only company I could find who would wanted lots of money.

    -Dan
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  5. johneroberts
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    johneroberts Member

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    Castle Coombe Track can provide insurance via a underwriter at Lloyds, please call Maria on 01249 782417, and ask for the details, dont know how competitive it will be though.
    Cheers
    jr
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  6. Joshie
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    Joshie Member

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    Just out of interest and to give a guide to prices / cover, here is what Bookatrack.com quote for trackday insurance.

    C1 = Option
    C2 = Sum Assured
    C3 = Excess
    C4 = Assured less excess
    C5 = Premium

    1 £2000 £250 £1750 £42.50
    2 £5000 £750 £4250 £80
    3 £8000 £1000 £7000 £117.50
    4 £11000 £1250 £9750 £155
    5 £14000 £1500 £12500 £192.50
    6 £17000 £2000 £15000 £230
    7 £22000 £2000 £20000 £305
    8 £27000 £2000 £25000 £380
    9 £3000 £750 £2250 £42.50
    10 £7500 £2250 £5250 £80
    11 £12000 £3000 £9000 £117.50
    12 £16000 £3750 £12250 £155
    13 £20000 £4500 £15500 £192.50
    14 £25000 £6000 £19000 £230
    15 £32000 £6000 £26000 £305
    16 £38000 £6000 £32000 £380

    Obviously a balance needs to be struck between adequete cover and premium. /ubbthreads/images/graemlins/grin.gif
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  7. DavidT
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    DavidT Member

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    I just called Maria at Castle Coombe, she put me on to Competition Car Insurance, who are the same people Joshie has posted the numbers for from bookatrack.

    I got a quote which was higher than the figures though, so I suggest people get quotes.

    Note that you do not need to insure the whole value of your car, the will cover 50% of its value and above.

    For info I gave my car value as £ 24,000 and to insure 50% is £ 194, the excess is 15% £ 2000. An extra driver was £ 74. I will happily pay that for £ 10,000 of cover for the day.

    David
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  8. Joshie
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    Joshie Member

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    Yes, £194 sems reasonable for peace of mind doesn't it.
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  9. DuncS3
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    DuncS3 Member

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    Sounds pretty fair to me...anyway, I searched around and the SIDC (Subaru club) got these rates with Competition Car Insurance (nicked from the sidc forum) in October last year - Hard to make out the scales but on first view it seems a bit cheaper, which is why if maybe 20 people get together we might save 30-40 quid perhaps (somewhere)????


    Right pasted from SIDC Forum:
    "To give you an idea of rates I have listed the following, but please speak with either Chris, Georgina or Nik at Eggar Lawson on 0115 - 941 - 5255 and they will go through the scale in depth

    SUM ASSURED 5000 7500 12000 16000
    EXCESS 750 2250 3000 3750
    COVER 4250 5250 9000 12250

    PRICE 55.00 55.00 80.00 105.00"
    #9
  10. toasty
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    toasty Member

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    Well I am certainly up for it.
    I'd be happy with about £150 ish quid.
    Ideally I'd like cover for the full amount (say £18k) but would be happy with £10ks worth of cover, as I guess it is unlikely that I'll do that much damage.

    Are you happy to arrange Dunc? If not, then let me know and I'll look into it myself.

    I guess the first step would be to get an idea of numbers.
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  11. DuncS3
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    DuncS3 Member

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    I would prefer if someone else could attempt to arrange it...I'm no salesman...:)

    You are right though Dan, we need some numbers

    Could JRE put the list back up somewhere in the Meets section perhaps, of who has paid etc, like we used to have???
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  12. Joshie
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    Joshie Member

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    [ QUOTE ]
    I guess it is unlikely that I'll do that much damage.

    [/ QUOTE ]

    I think you'd be surprised /ubbthreads/images/graemlins/grin.gifLOL
    #12
  13. toasty
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    toasty Member

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    Thanks mate /ubbthreads/images/graemlins/frown.gif

    I feel much better now!
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  14. Joshie
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    Joshie Member

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    Only kidding - the point is though that £10K goes a long way to easing the pain and taking the pressure off. The last think you want on your mind as you approach Quarry at 120MPH is concern about rolling your precious wheels /ubbthreads/images/graemlins/wink.gif
    #14
  15. toasty
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    toasty Member

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    Ok, I'll look into it.

    I just phoned Eggar Lawson.
    Spoke to Chris. (0115 941 5255)

    He mentioned that he could quote for public liability too (thought this might be of interest to johneroberts)

    They won't/can't offer any bulk buy discount.

    He also mentioned that castle coombe is the track they get mosts claims for due to limited run offs etc... Hence premiums for this track are loaded.

    The things that affect cost are:
    1) Car value
    2) The track (obviously this will be constant for all of us)
    3) Tyres (anything other than road tyres carry a premium)
    4) Modifications (10% loading for most mods)

    Interestingly driver age, experience etc.. play no part.

    For me (S4, No Mods, worth £18k) the prices are:

    To insure £10k with £2k excess - £155
    To insure £18k with £2.7k excess - £297

    The above prices are for just one driver and cover accident damage only (not transmission or engine problems)

    The minimum percentage of your cars value you can insure is 50% (so £9k in my case)
    Chris recomends insuring between 50-75% (he tells me it is unlikely that you'll cause more damage than this)

    Hope this helps.
    -Dan
    #15
  16. toasty
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    toasty Member

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    This might be of more use, slightly more detailed:

    On Event Accident Damage Cover for an organised Track Day at Castle Combe for 1 driver in a Standard Road car with Road Legal Tyres.


    Sum Assured 5,000 8,000 11,000 14,000
    Excess 750 1,000 1,250 1,500
    Cover 4,250 7,000 9,750 12,500
    Premium £112 £164.5 £217 £270


    Sum Assured 17,000 22,000 27,000
    Excess 2,000 2,000 2,000
    Cover 15,000 20,000 25,000
    Premium £322 £427 £532


    Sum Assured 7,500 12,000 16,000 20,000
    Excess 2,250 3,000 3,750 4,500
    Cover 5,250 9,000 12,250 15,500
    Premium £112 £164.50 £217 £270


    Sum Assured 25,000 32,000 38,000
    Excess 6,000 6,000 6,000
    Cover 19,000 26,000 32,000
    Premium £322 £427 £532

    The cover is for On Event Accidental Damage and covers:
    the cost of parts
    repairs to parts
    fabrication
    and specialist labour.

    This cover does not include
    routine dismantling and reassembly, or engines and transmission.

    Note
    We reserve the right to increase the premium or refuse further cover if there is a poor claims history.

    All accidents are to be notified to us within 48hrs.
    #16
  17. scoTTy
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    scoTTy Active Member

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    If you guys are only going to do one track day in a year then this may be worth while but the figures you are quoting seem high compared to the extra premium that you'd get on normal insurance to cover track days. I know not many companies do this but I use Roadster Insurance who are a broker which ends up being a "Classic Policy" with Royal and Sun. I get fully comp on road and on track for my modded TT for £1080 all in.
    Just a thought.
    #17
  18. DuncS3
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    DuncS3 Member

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    Scotty I looked at them but they only do 'Roadsters' dont they?
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  19. toasty
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    toasty Member

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    True, but my insurance company won't cover track days.

    Also remember that if I wreck my car at a track day, and I used my road insurance I'd loose my no claims.

    Getting an extra policy for just one day might be pricey, but if I have an accident it won't affect my no-claims /ubbthreads/images/graemlins/grin.gif
    #19
  20. scoTTy
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    scoTTy Active Member

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    [ QUOTE ]
    Scotty I looked at them but they only do 'Roadsters' dont they?

    [/ QUOTE ]

    I've got a Coupe!! /ubbthreads/images/graemlins/cool.gif

    You're not gonna lose anything by calling and asking. Perhaps suggesting they become the recommended insurer for the forum may encourage them to accept S3's etc
    #20

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