Motor sport Insurance is the cornerstone for insurance companies. Over here motor sport insurance companies are very specific as they address the insurance needs for high risk exposure to this very thrilling and dangerous sport. One can say that there is no other dangerous sport than motor sports where ones reflexes are tested to the limit. A split second diversion of mind could result in catastrophe.


The motor sport insurance is a regulatory body that regulates the insurance industry. Some of the questions one usually ask about motor sports insurances could be as follows:

Are all damages covered?
Cover insurance for damages is only restricted to the chassis, suspension and bodywork. However the consumable items like tire fluids and bake pads are excluded. However in case of an accident made on impact with a wall the insurance policy could replace the damaged engine or gear box.

Will payment be made if there is damage to property or third party?
The cover is mainly for the damaged vehicle and there is no such insurance for damage to third party or property.

Are additional drivers also covered under the insurance scheme?
This scheme can be extended to the additional driver but that would only increase the cost of one owns insurance and could also increase the premium.

If a policy is taken and the track date is cancelled then what happens?
In such cases the notification needs to be made to the concerned authorities before the cars go on to the race track. A hold can then be made and the account can be used on another track day.

Can the standard road cover insurance be used for a motor sport day?
This is definitely not possible as road cover insurance and track day cover insurance differ.

What is the difference if the insured vehicle is financed?
Some insurance companies will quote a difference in insurance rates. In that case the finance company will ask one to carry full coverage. That would mean that one would have to take a collision and comprehensive coverage on the policy.

In Insurance hot line the driver needs to fill an online form and answer few basic questions related to age and health. Based on this information insurance companies determine the lowest rate offered by a list of licensed network insurance agencies and then present the lowest rate to the consumer.

In collision coverage it is an optional one to purchase. However higher deductible only lowers the insurance premium. Comprehensive coverage covers the accidental cost or theft or vandalism, earthquake or explosion. This is also optional.

In case of theft of motor race cars and its parts there are insurance companies that ensure a hundred per cent successful prosecution rate. In cases of theft the driver must report about the theft within twenty one days of policy inception. In case of fire to the equipment one must have all the details supported with documentation before presenting the case to the insurers.