Buy per event or up to 4 events at a time. Aggregate insurance up to £30,000. Option to also insure your excess.
Annual Cover with automatic 15% Discount for new customers. Options to include Road Section Cover and also Vehicle Recovery insurance.
Annual cover from £69.95. Options to include on track chassis damage and theft away from your premises.
Daily cover for up to 8 days in advance. Premiums from just £40 per day with with £500 min excess.
A "must have" cover for any competition. £70 buys you peace of mind protection of £100,000 for death or disability. Loss of income also available.
OUR FEESWhen I pay for my policy what am I paying for?
We try very hard to identify exactly what you have paid for. Typically the amount debited from your card will be made of the following and we detail this on the Confirmation of Cover policy document.
1. The Premium
This is the money that is passed to your insurers (The Insurance Company) less our commission
2. Insurance Premium Tax - This is a Government Tax
3. Our Admin Fee
This helps to cover the cost of support staff for you and maintenance of our online systems. There is a standard Admin. Fee on every policy on £19.95 which is readily identified.
4. Credit card Charge
This is a small charge of 2.5% that is ONLY applied to Credit Cards. Debit Cards are FREE
OK, but I thought MORIS was the insurance company?
No. We are an underwrithing agency and the actual contract of insurance is between you and the insurance company detailed on your certificate of insurance.
We do not suffer any financial loss when you have a claim. This is the insurance company's responsibility. MORIS only administer your policy to ensure that at any one time the details of your policy reflects the information you have provided to us. The insurance company receive the majority of The Premium we only receive a percentage by way of "commission"
The Admin Fee is our own additional charge to your policy. This is a flat charge that everyone pays so we can ensure we have enough to cover our costs servicing your needs such as policy queries by phone or email, handling your claims and amendments to your policy.
Why do MORIS charge additional fees if I amend my policy?
This is simply to cover our costs of our time doing so. It is a small fee but when we follow your instructions to make amendments it takes our time doing so. Our Fees are very modest but unfortunately as much as we would love to do everything for free we also have our costs to cover when you instruct us to make a change. These changes take our time and this is what you are paying for.
How much are these additional fees and what are they charged for?
Changes to your policy: £ 19.95
Cancellation Fee: £ 15.00
With Track Day policies there is a separate level of fees for changes to Dates / Circuits. These changes can be made on-line at a lesser cost. For example:
Date Change: £5.95 if completed on-line at /mydates.asp otherwise if we have to do this for you it is £19.95
Circuit Change: £9.95 if completed on-line at /mydates.asp otherwise if we have to do this for you it is £19.95
I have just reduced the sum insured on my policy and been told I have a return of premium but I am being asked to pay more money. Something must be wrong?
It may be that the sum insured has reduced on your policy and you are perfectly entitled to a return of part of The Premium from the insurance company. However as the middleman in all this we have to put aside our time and the costs of staffing to ensure your policy has been updated with your instructions. We don't believe we can reasonably be expected to do this for free. Sometimes it happens that the proportion of any return premium is less than the Admin Fee, so you still end up having to pay something – but you are paying for us to update the details of your policy. Again, the two costs are completely separate. The same logic may apply in the event of a cancellation.
The Admin Fee we charge is NOT part of The Premium. They are two completely differnt costs to you. When making an amendment to your policy we have to cover our costs as the middleman ensuring the contract details between you and the insurance company are correct. Our fees are very modest compared with many organisations so we hope our approach may be appreciated.