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 ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes