BRSCC Motorsport Insurance Initiative
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12:41 AM
Accident
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BRSCC
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insurance
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Justin Everitt
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moris
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motorsport
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msa
BRSCC launch motorsport insurance initiative with MORIS.co.uk
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| Justin Everitt (MORIS.co.uk) & Dominic Ostrowski orf BRSCC |
One of the most important pieces of paper for any MSA race licence holder is their own accident policy of insurance and MORIS.co.uk have been able to demonstrate they are ahead of the field when it comes to accessibility, speed and price. As Justin Everitt explains:
"I first had a race licence in 1986 and have had the pleasure of racing many cars since then. Most recently in the race winning MARCH 09R, but in this time also I have become painfully aware that while I have been lucky to survive uninjured, other are not so lucky. Serious accidents are very rare in motorsport – but they do still happen and so when I first tried to get myself insured I was surprised at both the cost and difficulty with which many brokers seemed to have in providing quick, easy and affordable solutions, so this set us on the path of creating an accessible and affordable insurance product specifically for MSA licence holders"
Motorsport Insurance Survey
MORIS.co.uk commissioned a small survey of motorsport insurance brokers with surprising results. “The problem with all the motorsport insurance brokers who were approached was their speed of response. A premium of a few hundred pounds carries little earning potential for brokers to humble amateur race licence holders do not get the service they might expect. Some brokers wanted a swath of paperwork to be completed and some took as long as two weeks to generate a simple quotation. None were able to return a quotation in less than 48 hours. How quickly any of these brokers could produce a policy will no doubt vary considerably too. This has nothing to do with deriding motorsport insurance competitors comments Everitt, “but it is all about the internet platform that we have and which sets us apart from everyone else in the motorsport insurance game”
"Talking to Competitors at their level was vital"
In 2011 Everitt raced under the “I’m Insured – are you?” heading and the MORIS Marvels undertook further research with competitors asking simple questions about whether they regarded motorsport as being dangerous, whether they were insured or not and what they considered to be a fair price to pay for their insurance.
“The results were staggering”
recalls Everitt, saying “so few actually had any cover and so many believed it was likely to be so expensive that they seemed to gloss over the whole subject and many were shocked to learn that for £69 an MSA race licenceholder can be covered for up to £250,000 for disability and I don’t know of any other worthwhile piece of paper in a race drivers kit bag”
Going On Step Further with Race Driver Insurance
“We have been encouraged with the increasing number of MSA race licence holders who have taken advantage of our on-line motorsport insurance but at MORIS we wanted to improve on this further and create a “pay as you race” on-line insurance solution also and we are terrifically pleased to have the support of the British Racing and Sports Car Club (BRSCC) who have partnered with MORIS.co.uk to launch a new insurance initiative that introduces a quick and very simple means for BRSCC Racing Members to insure themselves on a race by race basis. Currently there is nothing as low cost as this in the market".
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| Cottrell - Insurance Initiative |
BRSCC’s Chairman, Bernard Cottrell explains “MORIS.co.uk and the BRSCC have maintained a relationship for many years and we have often assisted them conduct accident damage surveys. Last year MORIS asked a sample of drivers about their attitude to personal accident insurance and we were alarmed to learn just how few had adequate cover, with the additional cost and inconvenience being identified as particular drawbacks. As the leading club in the UK we feel it is important to encourage competitors to get appropriate cover and MORIS offers the quickest and best value way of achieving this”.
Justin Everitt of MORIS.co.uk explains further “We now have a simple on-line system that allows competitors to buy and pay for straight forward insurance from as little as £5.99 per race meeting. Our seasonal policies allow for £250,000 of disability benefit for as little as £69 and to my mind there is no more valuable piece of paper that I have when I go racing than my personal accident insurance policy. No other motorsport insurance competitors can offer such instant cover at such low premiums”
Dominic Ostrowski, the BRSCC’s Head of Marketing & Communications, added, “Via the link on our website racing members can easily select the level of cover and premium they require and MORIS will then deliver an instant policy any time of day or night. This offers a quick and easy way of getting peace of mind for a relatively small outlay, certainly in comparison to the overall cost of going motor racing”.
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