This company covers you for body damage (not your own)

But like it does say "Market Value", not good lol

MORIS
Trackday Insurance

POLICY WORDING




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This, together with your Application, Trackday Insurance Details and any formal amendments, sets out the terms of your policy. You should check all details of your insurance and satisfy yourself that it is entirely in accordance with your understanding and instructions. Anything at variance with this understanding and instruction should be advised to us immediately quoting your unique reference number (e.g. TD123) from the MORIS website. We do not issue any further policy documentation beyond your Trackday Insurance Details.

Please note: Trackday insurance is a limited cover and does not follow all of the conditions of normal motor insurance.



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What your Policy covers:
• External accident damage (i.e. impact) to the car only whilst engaged in the specified track day activity.

• Fire damage but only if directly following an accident (i.e. impact).

• The costs of repairing the car or, if insurers decide, pay you or the legal owner (should the car be subject to hire purchase or lease) an amount in full settlement. Any amount paid cannot be more than the car's market value at the time of the accident and all claims are subject to an excess/deductible as shown on the Trackday Insurance details. Where the car is insured for the full market value, in the event the claim is settled as a total loss the insurers have the right to decide to keep the salvage. Insurers can choose either of these alternatives.


What your Policy does not cover:
• Internal damage to the engine or to the gearbox or transmission.

• Mechanical, electrical or computer breakdown, howsoever caused.

• Liability to other participants, to any third parties or to passengers or any property damage.

• Competitive driving, (in other words, whilst racing or on timed runs or trials).

• Consumable items such as tyres, oils, linings etc

• Extra costs involved in repairing specialised paintwork and logos unless specifically agreed.

• Shipping / Transportation / Recovery costs. (Note: insurance for recovery costs is available as an optional extension. This option is made available when submitting your payment for vehicle damage insurance online).



You must take all reasonable steps to:
1. prevent or reduce loss or damage and

2. observe any legal condition, by-law or other regulation.


The Duty of Disclosure

This contract of insurance has been based upon information you have provided. You must inform us immediately of any changes in this information. It is your duty to pass on to us all material information relating to the risk. Material information does not necessarily have to increase the risk. In the event of a breach of this duty of disclosure, insurers do have the right to void this insurance contract from inception. Under such circumstances, the insurers would be entitled to seek recovery of any claims that have already been paid by them under the contract although insurers would generally be obliged to return any paid premiums. If you are in any doubt as to the ambit of the duty of disclosure, you should have no hesitation in contacting us - info@everittboles.com.

Policy Changes

If the date(s) / circuit(s) and / or organiser(s) have changed you can advise us by clicking on to My Dates. Please read the instructions carefully. All other changes are to be notified to us by email or fax and we will confirm whether or not insurers have agreed to such changes.

Sorry, but insurers will not accept changes or cancellations retrospectively.

Policy Cancellation

Please refer "My Dates". If you do not have a replacement date, you will need to specify on the page whether you wish your premium to be returned (less a £15 administration fee) or wish that we retain the premium until a new date is known. When you do know the new date you must of course notify us by completing part 2 of the page being Dates on track. Insurers retain the right to cancel the policy at anytime by providing 7 days written notice. The premium shall be adjusted on a pro-rata basis. Should claims exceed the premium, there will be no return of premium.

Any amendments may be subject to an administration charge of £15.00.

Other Exclusions

We will not pay claims arising from:
1. any fraudulent, dishonest or criminal act.

2. war, riot, revolution or any similar event.

3. taking part in a riot, civil commotion, strikes and other labour disturbances.

4. ionizing, radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from burning nuclear fuel.

5. the radioactive, toxic, explosive or other dangerous properties of any explosive nuclear equipment.

6. damage due to wear and tear or gradual deterioration.

7. loss of cash, currency, bank notes, travelers' cheques, passports, driving licence, petrol coupons, tickets, security documents or household effects.

8. loss or damage which is insured by any other existing insurance including and not limited to motor or household insurances.

9. loss of use, delay or consequential loss of any description including confiscation or abandonment.

10. loss of computer logging systems.

11. loss of or damage to the car whilst being worked upon.

12. loss from any form of mechanical or electrical breakdown or damage, ingress of water, rust, oxidisation or latent defect.

13. loss or damage to overalls race suit, leathers, helmet, boots or gloves.

14. Personal Injury. (Note cover can be purchased separately, or as an extension to insurance you have arranged).


Claims

In the event of a claim, or in the event of an accident which could give rise to a claim it is warranted that: a) photographs are taken of the damaged car PRIOR to removal from circuit. Photographs should show all damage. b) Notify us online within 48 hours of the accident.

Estimates may be obtained but no repair work is to be undertaken without prior permission from insurers.

If in doubt, please refer to our "Claims Procedure".

Insurers

Your policy is underwritten by Templeton Insurance Company, 18-20 Keyside, Douglas, Isle of Man, IM1 4LE. Click here for more information about Templeton Insurance.
Motorsport Raceandrally Insurance Services (MORIS) is a trading name of Everitt Boles Ltd. Everitt Boles Ltd administer this facility on behalf of Templeton Insurance Company.


Complaints

If you have any question or complaint, we would invite you to write to Andrew Bremner, Compliance Officer, 63 Mansell Street, London, E1 8AN. Please clearly specify your complaint or grievance and we will investigate and reply within 14 days.