Assuming you dont have insurance what do you do if someone else also without insurance crashes into you? Do you/can sue them? Or have you signed away all rights in the T&Cs. A small bump may be Ok but what about something more serious or personal injury?
If you embark upon any Track Day without appropriate trackday cover and you are hit by another participant they are not liable for any damage to your vehicle. As the usual road laws defined in the RTA (Road Traffic Act) don't apply you would have to adhere to the T&C's which would almost certainly state this.
With regard to our own Trackday cover the following is provided:-
What is covered:
Accidental Damage Fire and Theft.
What is not covered:
What is not covered - Section 1 (Liability to others), Section 2 (Driving other cars), Section
3 (Legal costs), Section 4 (Towing), Section 7 (In car entertainment), Section 8
(Windscreen), and section 10, 11 & 13 (Personal Accident, Belongings and Medical
Expenses) at any time while driving on or entering or exiting a track, which is used at any
time for track day events,
In addition you will naturally have an increased excess imposed which under our policies would be a minimum of £750 and increasing according to value.
A vehicle valued at between £15001 to £20,0000 would incur a £1750 policy excess for Accidental Damage.
We hope that this clarifies the situation and if you require any other info please feel free to PM us.