Motorsport Competition Supplement
In most motorsports, there is a requirement that competitors and vehicles subject to registration must be insured. However, the mandatory vehicle liability insurance does not cover damages that occur in recognized motorsport competitions unless a motorsport competition endorsement is in place.
The competition endorsement covers damage you may cause to others but does not include comprehensive insurance or windshield coverage, which cover damage to your own vehicle. It is possible to purchase a competition endorsement valid for seven days or six months, and it is only issued for competitions held in Iceland. Pricing is based on risk, with category 1 carrying the lowest risk and category 3 the highest risk.
Contact us if you want to apply for the endorsement. The following information must be provided:
- Which motorsport the vehicle will be used for.
- Policyholder’s national ID number.
- Vehicle registration number.
- Desired coverage period: 7 days or 6 months.
- Whether accident insurance is requested.
Generally, mandatory vehicle insurance includes liability insurance and accident insurance for the driver and owner. We specifically point out that accident insurance for the driver and owner is optional for off-road vehicles that are not used on public roads, e.g., most snowmobiles, motocross bikes, and ATVs.
Vehicles subject to registration (excluding snowmobiles, ATVs, and motorcycles)
The competition endorsement includes accident insurance for the driver and owner.
Snowmobiles, ATVs, and motorcycles
The competition endorsement does not include accident insurance for the driver and owner unless the individual already has optional accident insurance for driver and owner in effect.
Vehicles not subject to registration
In those motorsports where competitions are held with vehicles not subject to registration, liability insurance is usually required. VÍS customers can purchase voluntary liability insurance in these cases and also insure drivers by purchasing accident insurance.