Life insurance/pension/mortgage protection etc

[socko]

Just looking at some of my insurance policies(exciting stuff)and most if not all say im not covered if involved in motorsport

Now i know as marshals we are volunteers so not strictly being paid to be involved in motorsport but is it something i would be wise to declare incase the worse happens?

I know its not the sort of thing i should be worrying about but insurance companies do try to wiggle out of everything.

What do the rest of you do or think?

[deadsquirrel]

Originally Posted by socko

Just looking at some of my insurance policies(exciting stuff)and most if not all say im not covered if involved in motorsport

Now i know as marshals we are volunteers so not strictly being paid to be involved in motorsport but is it something i would be wise to declare incase the worse happens?

I know its not the sort of thing i should be worrying about but insurance companies do try to wiggle out of everything.

What do the rest of you do or think?

I'm sure George Copeland will be along shortly with the full details, but join The Marshals Club and you'll have an amount of insurance worth having.

[MagnetON]

Originally Posted by socko

Now i know as marshals we are volunteers so not strictly being paid to be involved in motorsport but is it something i would be wise to declare incase the worse happens?

We declared it, we filled in the form which consisted mainly of questions like:

What do you race?
We don't we are involved in trackside safety

What size of engine is in your car?
We don't have a car, we are involved in trackside safety

etc. etc.

[TwoSheds]

Originally Posted by socko

Just looking at some of my insurance policies(exciting stuff)and most if not all say im not covered if involved in motorsport

Now i know as marshals we are volunteers so not strictly being paid to be involved in motorsport but is it something i would be wise to declare incase the worse happens?

I know its not the sort of thing i should be worrying about but insurance companies do try to wiggle out of everything.

What do the rest of you do or think?

For the type of policies you're talking about (life insurance/pension/mortgage protection etc), I agree with MagnetON, declare it, that way the insurance company can't say you didn't tell them. Last time I took out some insurance I declared it, answered a few questions about what marshalling entails, training etc., and all was okay.

[Pete Howarth]

I've had more problems with riding a motorcycle, than I've had with marshalling

[deley]

When I started marshalling I got in touch with the various ones I use and told them I was a motorsport marshal and what it involves.
No problems encountered nor changes to any payments.

Main thing is to be open ... and better to get anything resolved now rather than have grief later

Dave

[socko]

Thanks for your replies ill get on the phone this afternoon

[Piglet]

As usual when dealing with insurers it's worth following up anything you tell them in writing and keeping a copy of it.

[Sticker Rub]

I raised this with a financial advisor who told me that the risk is assessed at the time you take out the policy so unless there are specific exclusions in the wording, you could take up chainsaw juggling & you'd still be covered. It's a different story if you're taking out a new policy when you have to declare all relevant facts. My FA is a driver so he knew exactly what I was talking about.

[socko]

My life insurance company said exactly the same but ive had a note put on the policy just incase.

Pension company are happy too,so it was worth ringing and writing.

Thanks for all the good advice again

[Matt_Ring]

Originally Posted by MagnetON

We declared it, we filled in the form which consisted mainly of questions like:

What do you race?
We don't we are involved in trackside safety

What size of engine is in your car?
We don't have a car, we are involved in trackside safety

etc. etc.

I did the same after speaking to them during the application process.

[MacGWC]

Originally Posted by deadsquirrel

I'm sure George Copeland will be along shortly with the full details, but join The Marshals Club and you'll have an amount of insurance worth having.

Thanks for your faith in me, Simon; sorry to be a bit behindhand on what advice I can offer on marshals’ personal accident insurance, having looked after the BMMC insurance for 30+ years and prompted on MSA insurance during the same time. I contracted a particularly nasty virus on my lap top, which I managed to get rid of but had to engage the experts to repair the damage it caused –can highly recommend PC Doctor Limited.

First priority must be to make sure personal life insurance, company life insurance plans and pension schemes, mortgage protection plans, etc know of your involvement as a motor sport marshal. In my experience, even with Keyman insurance as co-owner of a fair sized manufacturing business, most policies accepted the risk. When I was competing, I was covered for up to twenty races a year up to National level but would have had to declare separately if I graduated to International standard (some hope!).

The fall back as a motor sport marshal is first of all the MSA Personal Accident policy. Very briefly, this allows for £65,000 benefit for death or very serious injury and up to £350 per week for up to 104 weeks for temporary total disablement. The latter benefit is, as is normal on such policies, means tested, insofar as claimants have to prove loss. Cover is for MSA permitted events or those covered by Certificate of Exemption; does not provide cover where some part of a race weekend is run as a track day, nor for parade events not included in advance on the race permit.

The BMMC policy is not so generous (because of the reduced premium the Club can reasonably afford) but is much wider in scope. It pays out £7,500 for death or very serious injury and £100 per week for up to 104 weeks but weekly benefit is paid irrespective of loss, especially advantageous to many of our members who are retired or are housewives, carers, or between jobs at the time of the incident. It covers all MSA permitted events plus many, many other events that are not MSA permitted, including overseas events and travel to and from. This comes free to members as part of their annual subscription.

In addition to all this, the BMMC Public Liability policy covers marshals for events, including exhibitions etc, that fall outside MSA PL cover. Again, this comes as part of the annual subscription.

Hope this helps.