If you get injured before getting on the plane and have to withdraw from the Derby, we won't be in a position to refund your entry fee - it's already spent. So, if you want to insure yourself against losing the entry fee, you'd need to insure this risk separately. Many standard travel insurances have this clause but we spoke to our insurers Campbell Irvine about this point and was advised that most holiday cover would only pay out to the value of most 'holidays' - say £3k. If you wanted to insure the entire value of the trip - flights, entry fee, all the kit etc, they would be able to provide a policy for that, but it would cost much more than your average travel insurance policy, as they have to load so much more value into the premium. Anthony Kaye at Campbell Irvine advised us that a policy to cover a £10k loss due to medical cancellation would cost around £350 to buy. But they can definitely find insurers to take that risk. Not everyone would bother insuring this but if you are interested in covering off that kind of risk then this is very useful information.
If your ordinary travel insurer works with SOS as their emergency assistance partner, and is happy to insure both the risks explained above, then bite their arm off. But Anthony was sceptical of finding that level of cover away from a specialist insurer.
One policy which 2015 rider and insurance specialist Catherine Coward found was through St Benedicts Ltd, underwritten by VELA. For £480 they will insure JUST your cancellation, up to £10k. What this means is that, as long as you GET TO MONGOLIA, you're on your own. You would need a separate policy to cover your event period. But you would get everything back that you had sunk getting to Mongolia in the toe curling scenario where you break your arm in a charity rugby game a week before you fly (true story).
NB if you get broken half way round the Derby, or even at the start camp, there's no policy on earth that will pay out for curtailment or cancellation; you entered the world's toughest horse race. It looks rather like you got one.
Contacts for you:
Campbell Irvine - 020 7938 1734. Don't start with "I am doing the Mongol Derby" because they no longer cover our riders (too many claims!!) - ask to speak to Anthony Kaye and explain to him that you want to insure the value of your entry fee, if indeed you do.
St Benedicts Ltd - Underwriter Leah Bawden - firstname.lastname@example.org