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Motorsport insurance? We've got it covered
  • Competition On Track

    Buy per event or up to 4 events at a time. Aggregate insurance up to £30,000. Option to also insure your excess.

  • Road Risks

    Annual Cover with automatic 15% Discount for new customers. Options to include Road Section Cover and also Vehicle Recovery insurance.

  • Karting

    Annual cover from £69.95. Options to include on track chassis damage and theft away from your premises.

  • Bike Sport

    Daily cover for up to 8 days in advance. Premiums from just £40 per day with with £500 min excess.

  • Personal Injury

    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.

POLICY WORDING FOR COMPETITION CAR THEFT, STORAGE & TRANSIT INSURANCE

This wording is subject to Copyright ©

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
• it is not in an area known for high crime rate
(2) In respect of previous claims / policies you have not:
• made a claim, suffered any loss or damage in respect of previous competition cars 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

Material Damage
Upon receipt of your premium, you will be indemnified up to the sums insured stated during the period of insurance for the property stated against accidental damage, fire and theft including the 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) and/or whilst in transit anywhere in the UK / Europe. The Application submitted on line and the Schedule of Insurance you provided are considered part of this contract of insurance.

OUR FEES:
1. 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:
The duty of disclosure under United Kingdom law is a duty to pass on to Underwriters all material information relating to the risk under consideration. "Material" in this context refers to all information which a prudent Underwriter (not necessarily the Underwriter in question) would wish to take into consideration when considering whether or not to accept the risk and, if so, upon what terms and at what price. Material information does not necessarily have to actually increase the risk. The duty of disclosure continues up until the insurance contract has been concluded, but then resurrects itself at the time of proposed renewal or extension of, or any amendment to, the insurance contract. It may also be that the terms of the insurance contract include specific ongoing disclosure warranties. Therefore, in addition to providing all of the basic information necessary to enable the risk to be placed, you must ensure compliance with the duty to disclose material matters relating to the risk. In particular, underwriters must be satisfied as to the accuracy and completeness of the information provided and ensure that all information is provided that an Underwriter needs to take account of in considering whether or not to accept the risk and, if so, upon what terms and at what premium. In the event that there is a breach of the duty of disclosure, the Underwriter(s) may have the right to avoid the insurance contract from its commencement. Under such circumstances, the Underwriter(s) would be entitled to see recovery of any claims already paid by them under the contract, although at the same time the Underwriter(s) would generally be obliged to return paid premiums. The duty of disclosure and the consequences of its breach may vary to a limited degree from the foregoing dependent upon the law(s) applicable to the insurance contract. If you are in any doubt as to the ambit of the duty of disclosure you should have no hesitation in contacting us.

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 Ltd. 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.

Average Clause:
If at any time of the loss or damage the sums insured of the property shown by such items as stated in the Confirmation of Cover be less than the cost of replacement, after deductions made for wear, tear and deterioration, then you shall be considered as being your own insurer for the difference and shall bear a rateable share of the loss accordingly.

Non Contribution Clause:
This insurance does not cover any loss or damage which at the time of the happening of such loss or damage is insured by or would, but for the existence of this insurance, be insured by any other insurance except in the respect of any excess beyond the amount which would have been payable under such other insurance had this insurance not been effected.

Salvage Clause:
On the happening of any loss or damage, you shall give the insurer or their representative leave and licence to enter the building where the loss or damage has occurred and take and keep possession of any of the property hereby insured and deal with the salvage in a reasonable manner.

Fraudulent Claims:
If you shall make any statement, claim or representation knowing the same to be false or fraudulent as regards amount or otherwise, this insurance shall become void and all claims hereunder shall be forfeited.

Exclusions

  • Third party property or personal injury
  • 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
  • Loss of cash, currency, bank notes, travelers' cheques, passports, driving licence, tickets, security documents or household effects
  • Loss of use, delay or consequential loss of any description
  • Confiscation and abandonment
  • The excess stated on the Confirmation of Cover
  • 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 racewear, tools, spares, tyres or crash helmets, unless contained in a locked motor vehicle, room, cabinet or whilst inside your private residence
  • Accidental damage to crash helmets

General Exclusions

Ionising radiations or contamination by radio activity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. Radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof. War, invasion, act of foreign hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, or military or usurped power, or confiscation, destruction or requisition by order of the Government or public authority.

Warranties

1. Insured equipment is to be marked with DATATAG security markings as per instructions within the Datatag kit. 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, Marine House, Thorpe Lea Road, Egham, Surrey TW20 8BF.
Tel: 0845 0700 440. Web: www.datatag.co.uk/motorsport.php  

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.

Claims

Any occurrence which may result in a claim being made under this insurance must be reported to MORIS in writing within seven days. This should be done on our website - 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, whether intended by you or at the insurers' request.

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

In the event of an accident on the road involving collision by a third party you must obtain the third pasty's details being: (a) name of their insurance company (b) their vehicle registration (c) their address and phone number.

Definitions (as described in the Confirmation of Cover)

Racewear: Drivers' clothing, footwear and protective equipment used solely for motor sports.
Spares: Parts designed for the service or repair of the insured vehicle(s).
Standard construction: Premises built of brick, stone or concrete and having a roof built of slate, tile asphalt or concrete.
Tools: Mechanics' tools and equipment not used for business purposes.
Trailer(s): The trailer(s) being used for the transportation of the vehicle(s).
Vehicle(s): The competition vehicle(s) being the only vehicle(s) of that description owned by you.
Warranty: A very strict condition in a policy imposed by an insurer. A breach entitles the insurer to deny liability.The competition vehicle(s) being the only vehicle(s) of that description owned by you.

Insurers

As stated on your policy documents.

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, England, EC3R 7AE. Tel: 020 7459 9200 Fax: 020 7459 9301 E: complaints@moris.co.uk

Upon notification of a complaint, we will enter all relevant details in our Complaints Book such as the nature of the complaint and the relevant FCA classification. We will gather together all necessary paperwork and information. We will then consider the matter in detail.

It will be our aim to address the matter immediately and we would hope to acknowledge any complaint within two working days after receipt of the complaint. If we need to carry out further internal investigations, we would hope to revert within a week. We would expect to give our final response within a month. If it appears that we need further time, we will write detailing the revised timescale and the reasons for the delay. If we are unable to resolve the issues within eight weeks, we will again write and advise you of the facilities offered by the Financial Ombudsman Service ("FOS") and enclose their leaflet should the complainant wish to refer the matter to them.

When we have completed our research into the matter, we will write detailing our response to the complaint. There are two options here:

  1. A Final Response. This is when we feel that we have answered the complaint satisfactorily. If the response is considered inadequate, the complainant may take the matter up with the FOS within six months.
  2. An Offer Letter. This is where we feel that we have addressed the complaint and feel that some redress is relevant. We will then write to the complainant seeking acceptance. This will be followed by a Final Response Letter.

We will consider the matter closed when we have sent the complainant the Final Response Letter or our offer is accepted or we hear nothing within eight weeks from the date of our written response.

We are required by the FCA to report to them every six months (April - September and October - March) advising them of the number and type of all complaints received and their outcome.

The Financial Ombudsman Service are at:
South Quay Plaza
183 Marsh Wall
London E14 9SR
Tel: 0800 023 4567 or 0300 123 9123 from a mobile