TYPE OF INSURANCE AND COVER:
This is an annual storage policy designed to provide cover for your competition bike(s), engine(s), spares, trailer and ancillary equipment should they be damaged or destroyed as a result of accidental damage fire and theft. The policy is operative whilst the insured items are at the addresses specified by you and / or while the insured items are in transit and while also attending a race meeting (if this option was selected at the time of purchase).

BASIS OF COVER:

This insurance is being provided on the basis you have confirmed when purchasing this insurance that the following statements are correct:

(1) In respect of the storage address you have confirmed:
• it is built of brick, stone or concrete
• it has a roof built of slate, tile, asphalt or concrete
• is in a good state of repair and will be maintained in this state
• is not a listed building
• it has never been damaged by flood
• it has never been damaged by subsidence, heave or landslip

(2) In respect of previous claims / policies you have not:
• made a claim, suffered any loss or damage in respect of previous competition cars/bikes within the last 3 years
• had any break-in or attempted break-ins at the address being proposed within the last 3 years
• had insurance cancelled, refused or renewal refused in respect of the items to be insured
• been asked to pay an increased premium (other than normal rate increases) or asked to accept any special   conditions or had any special terms imposed
• been convicted of any offence involving dishonesty, fraud, violence, criminal damage, arson, drugs nor is any prosecution or police enquiry pending
• received a police caution in connection with an insurance policy / claim

DEMANDS AND NEEDS: 

• In choosing this product and the level of cover, you have not received any personal recommendation from MORIS.

• The information on your Confirmation of Cover details the insurance you have selected.

• The choices you will have made depend on your personal circumstances.

Our Security and Privacy Policy:

We recognise our responsibility to treat the information we obtain about you with care and we are committed to protecting and respecting your privacy. The details of our Security and Privacy Policy include the following:

• The two types of category of information we collect about you.
• How we track your use of our website
• Fraud Prevention and Detection
• Information on Products and Services
• Your acceptance of our Security and Privacy Policy

The link can be found on the bottom of the homepage on www.moris.co.uk as “Privacy Policy”
or  http://www.moris.co.uk/Motorsport-insurance-Information/Privacy-and-Security-Policy
 

Material Damage
Upon receipt of your premium, you will be indemnified up to the sums insured for the Insured Items stated in your Confirmation of Cover during the period of insurance against accidental damage, fire and theft. This includes loss or damage caused by fire, earthquake, explosion, aircraft or other aerial devices (or articles dropped therefrom), riot or civil commotion, malicious damage, impact, storm, tempest, flood, bursting or overflowing or leakage of water pipes or apparatus, theft (subject to the terms and conditions as stated herein) whilst at the premises described in your Confirmation of Cover and whilst in transit anywhere in the UK / Europe. The Application submitted online and the Confirmation of Insurance you provided are considered part of this contract of insurance.

OUR FEES:

Claims Administration Fee:
In the event of a claim we charge a fee of £125 per claim. This covers the cost of our disbursements to insurers and loss adjusters. This is only charged upon successful conclusion of your claim and is normally deducted from the claim settlement amount. There is no insurance premium tax to be added to these fees and you are not liable for fees pertaining to loss adjusting services.

2. Changes to your policy:
Notwithstanding any adjustments to your premium (additional premium or return of premium) in the event you need to amend your policy details during the course of the policy period we charge £5.95 for each amendment to cover our administrative costs.

CONDITIONS

The Duty of Disclosure:
This policy is issued subject to the Consumer Insurance (Disclosure and Representations) Act 2012. This means that you must disclose to the insurer anything which would affect their decision to issue a policy. Should you knowingly mislead or fail to disclose any information which would be relevant to the insurer and you know or believe that the insurer would consider it relevant, this may be treated as a deliberate or reckless misrepresentation and the insurer may refuse any claim and need not refund any premiums which you have paid. If you do not disclose anything that the insurer would consider relevant by mistake or misunderstanding, this may be considered a careless misrepresentation and the insurer may refuse to accept any claim or reduce the amount paid in a claim. If you become aware of the need to inform us of any information which may be relevant, you must contact us in order that we can review your insurance and decide if it can continue or would additional terms or premiums need to be applied

Theft:
Theft cover is provided on the basis this follows a forcible and/or violent act. (See also “WARRANTIES” with regards to security protections you must follow at all times).

Cancellation Clause:
You may request this Insurance to be cancelled in writing to London Special Risks. The premium shall be adjusted on the basis of a short term premium as detailed below. This insurance may also be cancelled by or on behalf of the insurer by thirty days notice given in writing and sent by registered or recorded delivery to you at your last known address. The premium shall be adjusted on the basis of the insurer receiving or retaining pro-rata premium for the expired period. Notice shall be deemed duly received in the course of post if sent by pre-paid letter, registered or recorded delivery post.

Cancellation Scale:
Up to three months' cover, 50% annual premium, up to six months cover 80% annual premium over 6 months no return premium. Should a claim have been paid under the policy, there will be no return of premium.

Basis of Valuations:
The sum insured of the property shown by such items as stated in the Confirmation of Cover shall be accepted as the actual indemnity value thereof, subject to the Average Clause stated below.
 

CONDITIONS (Continued)

Average Clause:
If any of the insured property stated in the Confirmation of Cover is less than the cost of replacement cost then, after we have taken into account wear and tear, we will reduce the amount claimed proportionately.

Non Contribution Clause:
We will not pay any claim where you can claim off another insurance policy.

Salvage Clause:
In the event of any loss or damage, you will allow us reasonable access to assist with your claim and to deal with any salvage issues. Salvage become the property of insurers at the time a signed Acceptance Form is returned to insurers’ representatives.

Fraudulent Claims:
If you shall make any statement, claim or representation knowing it to be false or fraudulent as regards amount or otherwise, this insurance shall become invalid and your claim refused.

EXCLUSIONS:

• Third party property or personal injury
• Losses arising from unattended motor vehicles or trailers (except where you have specifically extended your cover to include theft from a race track)
• Loss or damage arising from the use of property under its own power
• Impact damage caused by another competition vehicle in circumstances where you may have retired from an event
• All other personal property (excluding Personal Protective Equipment – PPE – otherwise insured under this policy) which is not a fixture or fitting of the vehicle or used for race/ test day events.
• Loss of use, delay, diminution in value or consequential loss of any description
• Confiscation and abandonment
• The Policy Excess of £250 each and every loss
• Infidelity or dishonesty
• Loss or damage whilst the property is being worked upon
• Loss of data from computers or data logging services / equipment
• Any loss or damage to computer logging systems attached to the property insured
• Mechanical or electrical derangement or breakdown or damage caused by overheating
• Wear, tear and gradual deterioration, rust, oxidation, latent defect
• Mysterious or disappearance or unexplained shortage
• Loss or damage arising from climatic conditions
• Mechanical and electrical breakdown/failure whilst been driven or caused by the ingress of water into the properties' mechanical or electrical components.
• Theft of tools and / or spares, and /or tyres, unless contained in a locked motor vehicle, room, cabinet or whilst inside your private residence
• Loss of or damage to crash helmets, overalls, leathers, boots or gloves
• Storm damage to awnings
• Loss resulting from deception by a purported purchaser or his agent
• Any costs incurred through the transportation of salvage or damaged Insured Items within the United Kingdom and Europe, unless otherwise at the Insurer's request.
 

REQUIREMENTS (see also “Definitions”)

1  Each insured bike and all insured equipment is to be marked with DATATAG security markings as per instructions within the Datatag kit. All additional insured equipment is to be similarly marked. This must be completed within 21 days of policy inception in order for theft cover to continue being provided under this policy. The Datatag registration form must be completed and returned to Datatag within this time.

Datatag Contact Details: Datatag ID Ltd, 3000 Hillswood Drive, Hillswood Business Park, Chertsey, KT16 0RS.
Tel: 0845 0700 440. Web: www.datatag.co.uk

Our website also contains additional information about Datatag.

2 Property left unattended, unless kept in a locked garage or workshop of standard construction, must be secured to the vehicle in which it is kept or by means of a closed shackle padlock and stout chain and, if the trailer is enclosed, the door to the trailer must be secured by means of a closed shackle padlock.

3 Trailer(s) must be immobilised by means of a wheel clamp and towing lock when left unattended.

Note: We accept that where a brief stop for fuel at a service station is concerned it is not practical to attach  the wheel clamp whilst in a fuel filling area, but ANY other time and especially where the trailer is out of sight the wheel clamp and towing lock must be attached / operative. (It is staggering just how opportunist thieves can be).

4 Where property is kept within a motor vehicle during the course of travelling to / from a race meeting or other circuit activity or where staying overnight the vehicle must be alarmed with a Thatcham approved alarm system and all the vehicles security devices are to be put into full and effective operation.

5 Property not in use and or being stored temporarily at the premises or any representatives must be of standard construction (see “Definitions”.

6 All protections at the storage location(s) workshop or garage, including alarms must be put into full and effective use when the premises are left unattended.

INFORMATION:

What is Datatag marking?
Datatag is basically very simple. I makes the insured bikes and equipment identifiable to the police in such a way that it is extremely difficult for the thief to overcome and so his risk level become unacceptably high. Datatag has made a major impact on reducing theft and has a 100% successful prosecution rate. Datatag is Thatcham Q listed and is a winner of International Frontline Award for security. For more information click here.

What happens if I do not Datatag my insured equipment?
If this is not done within 21 days theft cover under your policy will be automatically excluded. If you suffer a theft you then run the risk of not being insured.

CLAIMS:

Any occurrence which may result in a claim being made under this insurance must be reported to MORIS on-line within seven days. Simply click on "Claims". Full details of the loss and substantiation of the claim must follow within thirty days.

All practical steps must be taken to minimise the loss or recover the missing property.

Information, evidence and assistance as required together with (if required) a statutory declaration of the truth of the claim and of any matters connected with it are to be at your own expense. You must provide all information and assistance to insurers or their representatives and must not negotiate, pay, settle, admit or repudiate any claim without the written consent from insurers.

No property may be abandoned to the insurer.

You are responsible for costs incurred through the transportation or salvage/ damage goods/insured parts and/ or chassis, engine and transmission to the United Kingdom unless we request otherwise.

In the event of theft or malicious damage, immediate notice must be given to the police. Insurers require that you obtain a crime reference number.

In the event of an accident on the road involving collision by a third party you must obtain the third party’s details being:

(a) name of their insurance company
(b) their vehicle registration
(c) their address and phone number.

DEFINITIONS:

Ancillary Equipment:  Parts designed for the service or repair of the insured Bike(s) and Mechanics' tools and equipment not used for business purposes.

Bikes(s):    The Competition Bikes(s) being the only bikes(s) of that description owned by you.

Standard construction:  Premises built of brick, stone or concrete and having a roof built of slate, tile asphalt or concrete.

Trailer(s):  The trailer(s) being used for the transportation of the Ancillary Equipment and Competition Bikes(s).

Requirements: A very strict condition in a policy imposed by an insurer which if not followed can result in your claim being refused.

INSURERS:

Your policy for competition bike storage and transit insurance is underwritten 100% by Great Lakes UK Plc, Reg. Office: Plantation House, 30 Fenchurch Street, London EC3M 3AJ. FSA No:202715. This is via DCMi-U (France) Managing General Agent. Registration No. 080 427 32 5 Rue de Castiglione, 75001 Paris, France.

Complaints:

We try our very best to promote straight forward uncomplicated insurance services, however we recognise that occasionally there may be feedback which expresses displeasure. This feedback is important to us and in the first instance we would request that you write to:

Compliance Officer
London Special Risks Ltd (LSR)
Minster House
42 Mincing Lane
London
EC3R 7AE. 

TEL:  020 7459 9200
Email: compliance@londonspecialrisks.com

Should we be unable to resolve your complaint by the end of the following working day, we will send you notification of this and your complaint will be investigated by a senior member of staff, independent of the original cause of the complaint and will be overseen by the compliance officer. We will keep you informed of the progress of your complaint and aim to inform you at the latest eight weeks after you have made your complaint of the outcome of your complaint. Should you be unhappy with our decision, you may refer your complaint to the Financial Ombudsman Service. This is an independent body set up by law to mediate and adjudicate on complaints. There is no cost to you to use this service. You may contact them:

The Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London E14 9SR
Tel: 0845 080 1800
 

NOTES ON TRAILER SECURITY :
By taking every possible precaution to protect your trailer, all will benefit by helping insurers to keep your premiums down, plus do you really want the hassle of loosing your trailer and anything in it?.

Trailer theft is a big problem and it's getting worse! To a thief, an unsecured trailer is simply money on wheels that is just asking to be stolen.

There are steps you can take that will go some way to deter an opportunist thief since the vast majority of them are looking for an easy heist. If presented with an effective theft deterrent the thief will invariably move on to easier targets.

The two biggest enemies for a thief are:
• time and
• noise.

Anything you can do to slow a thief down and make them generate noise will improve your chances of keeping your property. Here are some simple steps you can take:

• Park your trailer where it is least visible to people passing by. If it's out of site, it's out of mind.
• Don't park your trailer with the front pointing towards the street/road / escape route.
• Remove one or all of the trailer wheels. Take the lug nuts too. Thieves frequently carry
   spares with them.
• Use a chain or cable to secure your trailer to some stationary solid object.

Obviously, you may not want to take the time to remove a wheel every time you park your trailer so the use of some sort of trailer security device is the answer. When you're on the road with your trailer, using a security device is the only answer. Trailer security devices fall into two basic categories.

1) Hitch locks
2) Wheel locks

Although hitch locks provide some measure of theft deterrence, thieves can defeat them reasonably easily and with very little noise.

Insurers recommend wheel locks because if thieves cannot move your trailer because one of the wheels is properly secured, it's going to be tough to steal your trailer. Remember….time….noise.

A wheel lock must automatically prevent removal of the wheel on which it is installed. Many wheel locks available today just clamp onto the wheel and are not designed to prevent wheel removal. Those type wheel locks are very easy to defeat.

Helpful Tip: Always install the wheel lock on the "driver's side" of your trailer because:

1. If potential thieves back their tow vehicle to your trailer, as they open the driver's door of the tow vehicle they will probably see the wheel lock and be put off.

2. Installing your wheel lock on the driver's side of the trailer helps remind you to remove the wheel lock before using your trailer.

• Remember….time….noise.
• Secure it and keep it.
• Ignore it and lose it.
• Don't wait until it's too late.