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mine is not worth £22k
It's also about what 3rd party damage is. Given insurance propensity to share liability, even if someone crashes into you, you could be liable for all costs.
There was a story on pistonheads where someone's dad didn't realise his cover for driving other cars was removed from his renewal. Someone crashed into him and he wound up with a life changing bill.
Yeah, mine is not worth £22k. But even still, after talking it out, I'm not going to bother with a stage 1 for now as there's no way I'm using all 220hp anyway. I'm going to go for a simple pedal box as the Skoda forums are full of people who swear by them. Reasonable outlay and simpler install.