Luxury car caught fire during a race at Sepang Circuit and can the owner claim insurance
A luxury German sports car (from the shape you can tell which brand and even which model) caught fire while participating in a private track event at the Sepang International Circuit (SIC) today but no casualties were reported.
It is already a well known fact for decades that all standard car insurance policies do not cover accidents, mishaps and fires that occur during racing or track events.
This is because these activities are considered high-risk and involve conditions not covered by typical road insurance. If you’re participating in racing or track days, you’ll likely need to obtain a separate, specialized insurance policy to cover potential damages.
Below is a more detailed breakdown:
Why standard car insurance doesn’t cover racing:
High-risk activity: Racing and track days involve driving at high speeds, pushing vehicles to their limits, and increasing the likelihood of accidents.
Exclusions: Standard car insurance policies typically exclude damages resulting from racing or participation in motorsport events.
Options for insurance coverage at race tracks:
Track day insurance: This type of insurance specifically covers accidents that occur during track days or organized racing events.
Racing insurance: If you’re participating in more serious racing events, you may need a dedicated racing insurance policy that covers both vehicle damage and potential injuries to yourself or others.
Event organizers’ insurance: Some event organizers may have their own liability insurance that covers participants in certain situations.
What to do in case of an accident:
- Check your insurance policy: Carefully review your policy to understand what is covered and what is not.
- Obtain track day or racing insurance: If you’re participating in racing or track events, secure the appropriate insurance coverage beforehand.
- Report the accident: If an accident occurs, report it to the event organizers, your insurance company, and local authorities as required.
- Gather information: Collect information about the accident, including the other driver’s details, contact information, and any relevant documentation.
- Follow your insurer’s instructions: Cooperate with your insurance company throughout the claims process.
Important considerations:
Liability: Determine who is at fault for the accident, as this will affect your ability to claim damages.
Coverage limits: Be aware of the coverage limits of your insurance policy, as you may be responsible for costs exceeding those limits.
Exclusions: Understand any exclusions or limitations in your policy regarding racing or track events.
Photo Credit: JBPM Selangor
