Questions to ask about… Motor sports

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The popularity of motor sports has grown as it has become more acessible to a wider audience. Steve Smith looks at the risk assessment proceedure underwriters must adhere to.

Things have come a long way since 1885 when Karl Benz invented the first car powered by the internal combustion engine. Motor cars and Motor Sport is today more accessible than perhaps ever before; people work their way up from karting, like Lewis Hamilton, to people being bought a ‘track day’ as a birthday or Christmas present. As a result, involvement in motor car sport is a common application disclosure and this article will cover the various types of motor car sport and the underwriting considerations of each area of motor sport. In those instances where a loading is suggested it is ...

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