This varies from person to person, it entirely depends upon your needs. By way of assistance you should bear the following in mind when deciding which benefits to insure:
On the basis that as a minor Death cover is limited to £2,500 and your son/daughter will not be in gainful employment so there is nothing to insure by way of Loss of Weekly Income, then this means that it is the Disability benefits you need to be focusing on. Most parents elect to insure their son/daughter for the maximum Disability sum insured possible. If there are any races outside of the UK (but within Europe) then please ensure that you also select the option to include emergency medical expenses. Please also refer to the questions and answers below on Partial Disability cover.
If you limit your cover to Permanent Total Disability only, then you will only receive the lump sum benefit in the event of you suffering loss of independence and inability to perform at least four out of six specified tasks.
Do you recommend the Partial Disability Cover?
Yes, if you have chosen Permanent Total Disability, you should consider what would happen in the event of partial disability (eg. the loss of a limb). You may still be able to carry on your occupation, but the Partial Disability cover provides additional piece of mind knowing that you will still receive some form of cash benefit. refer to the policy wording for a full schedule of benefits.
Why do I need to declare my occupation?
This affects the premium charged for loss of income, since the same injury for different people can result in different claims. It is important to understand that if you are engaged in an occupation where even the slightest injury could bring your career to an end (e.g. surgeon / pilot / professional sportsperson / dancer) this is NOT the policy for you and you would need a more specific cover we would recommend a more specific insurance so please contact us for further details.
Is this an annual policy?
No. This is a seasonal policy and, like MSA competitor licences, your policy will expire on 31st December.
Will the MSA Insurance (and any other cover I have) still apply if I am injured?
Personal Injury insurance is a policy benefit and the cover, once in force, is not effected by other insurances.
Can I use this personal accident cover to partake in other activities or is it just for motorsport?
This insurance is only in respect of your MSA licensed motorsport activities.
Am I restricted to the number of events I can compete in during a season?
Am I covered if I am injured as a result of an accident which was caused by another competitor?
Yes. It does not matter who or what caused the accident in which you were injured.
In the event of death, who makes the claim?
The claim would have to come from your estate and we suggest that any interested party is made aware of the existence of this policy if you have opted for death cover.
What is the difference between personal injury insurance for trackday and competition?
Cover for trackday participants is limited for Death and Permanent Total Disability. This is only available on a daily basis and specifically excludes any form of competitive driving. Cover for competition licence holders does cover competitive driving and can include Partial Disability, Loss of Income and Medical Expenses, on a seasonal basis.
Will this cover me for bike racing or any other motorsport?
No. This cover is only in respect of your motorsport activities organised by recognised and licenced motorsport clubs.
If I have Permanent Total Disability and loss of income benefits, and I become totally disabled, do I receive the lump sum benefit plus loss of income benefit?
No. The policy is limited to the sum specified for Permanent Total Disability. If you do have such a serious accident and if, after a 52 seek waiting period you are deemed to have suffered Permanent Total Disability, the insurer will pay the Permanent Total Disability lump sum, less any loss of income payments made.
Will you share my personal information with any other third parties?
The information you have provided to us will only be held by us and the insurers we use for the purpose of the policy(ies) of insurances you arrange through ourselves. We will NOT send any of your details to "carefully selected organisations" since we respect the fact it is really frustrating receiving unsolicited mail. We may use your details to contact you further should we have news of insurance products or changes to your policy, but this will be on the basis of "sharing information" not advertising or promotion. This information we reserve to publicise through MORIS News on the home page of our website.
You have the right to ask for a copy of the information held by us in our records but we may ask you to pay a small fee. You also have the right to ask us to correct any inaccuracies in your information by writing to us. If you want to know more about our use of your personal information, this should also be done in writing to us.