Insurance for track day bike - Chicagoland Sportbikes
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post #1 of 32 (permalink) Old 03-22-2010, 09:08 PM Thread Starter
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Insurance for track day bike

Wife just found out insurance doesn't cover track days
I told her it did a year ago... and I told her they stopped when they stopped..
Appears she listens to me 50% of the time.

She wants me to see if there are still insurance companies that cover it.

and before everyone starts... I know I know I know.. I've never claimed anything track related.. but... she wants me to check.. and I consider this checking
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post #2 of 32 (permalink) Old 03-22-2010, 09:58 PM
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State Farm was one of the last that covered bike damage at track days. Earlier this spring they sent out a notice of change, and although it's worded rather strangely, it appears to eliminate any coverage for anything - including liability - during participation in track days.

I intend to go over this with my insurance agent when we do a review of my coverages this summer.

I currently have comprehensive and liability on the track bike. Not sure it's worth keeping if there is no coverage offered anymore. My policy is up in October, so I have one season of coverage left.

What types of coverage were you looking for?

Comprehensive (fire, theft, vandalism)
Collision (crashes)
Liability (for when someone sues you, or for damage to to others)

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post #3 of 32 (permalink) Old 03-22-2010, 10:02 PM
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are you talking auto insurance or health insurance?


I saw your track bike in the for sale forum. Not to be a dick, but why does she care about collision insurance on a inexpensive track bike?

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post #4 of 32 (permalink) Old 03-22-2010, 10:07 PM Thread Starter
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Re: Insurance for track day bike

Converting the Mille over for track use.
I have medical insurance for me.
She is worried about totalling out the bike. I knew about SF canceling it and that is who I had. I was wondering who was left that covered it.
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post #5 of 32 (permalink) Old 03-22-2010, 10:41 PM
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dropping off the back of a truck covers it



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post #6 of 32 (permalink) Old 03-22-2010, 10:56 PM
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Who cares about the bike. Find out specifically if you are covered under your health insurance at the track. Call them and ask them if you crash at the track and have to get air lifted out... Are you covered. I called last year and they said "yes". Even during a competition money event they said I'm covered. Your wife should be more worried about u than the bike.

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post #7 of 32 (permalink) Old 03-22-2010, 11:15 PM
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This interests me. I wanted to get comprehensive for my vintage BSA MX bike that's worth about 5 grand to cover it in case of a fire or theft loss. I was told by 2 motorcycle specific brokers that as long as the bike is being actively raced, absolutely no coverage is available. One of them told me that I could get it covered if I signed an affidavit that the bike was a collectors item used for display only, but since I carry an AHRMA vintage MX license, no company would write a policy for it after checking me out.
It surprises me that there was track day coverage until last year.
If anyone knows of coverage that is similar to what I was looking for...post up.

"Dirt is for racing on...Asphalt is for getting there" OR "Flat trackers go in deeper and come out harder... OR (With apologies to General MaCarthur) "Old motorcycle racers never die, they just slip off the groove and fade into the dust!

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post #8 of 32 (permalink) Old 03-22-2010, 11:35 PM Thread Starter
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OTB - As I understand it track days were covered as "Schools"
Racing I do not believe has ever been covered (except for certain specific racing policies obviously)

Nick I checked with HR and they told me no exclusions. I did not dig into racing etc as A: I'm not and B: why flag your file?

and while I'd rather not total the bike.. due dilligence and at least checking out the situation isn't a bad idea
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post #9 of 32 (permalink) Old 03-23-2010, 06:43 AM
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Greg give your insurance a call. I called progressive and they said my bike was covered. (It wasn't strictly a track bike). They said yes and had to honor that when I had my yard sale.

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post #10 of 32 (permalink) Old 03-23-2010, 07:00 AM
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post #11 of 32 (permalink) Old 03-23-2010, 07:59 AM
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1. call your agent

2. take it to the street. lol

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post #12 of 32 (permalink) Old 03-23-2010, 08:02 AM
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Quote:
Originally Posted by jrock View Post
2. take it to the street. lol

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post #13 of 32 (permalink) Old 03-23-2010, 08:14 AM
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When does/did your policy come up for renewal? Until your next renewal, the terms of the last version still apply.

In my case, since I renewed in October, I'm covered till my next renewal, even though they changed the terms in January/February.

On the other hand, I don't think I'd ever file a collision claim if I binned my bike at the track. If I bin it at the track, it's my own damn fault. (And I didn't file a claim when I crashed the 954 on the track back in '08) The cost of crash repair is one of the risks you accept when you ride at the track.

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post #14 of 32 (permalink) Old 03-23-2010, 08:31 AM
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There is a *big* difference between a "race" bike and a "street" bike that is used for trackdays.



Most insurance companies that insure street-legal motorcycles cover them for occasional "non-timed" events like a skill-building trackday.



That said, many companies are closing the trackday loophole and inserting verbiage
that coverage does not include any use on racetracks whether it's a race or a school
or a trackday or whatever.



In the end it's specific to your company and your policy.


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post #15 of 32 (permalink) Old 03-23-2010, 09:00 AM
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Tom, that's exactly the point. This winter, State Farm may have closed the track day loophole, joining Allstate and a bunch of others who have done so in the last few years.

The State Farm Language in the summary of changes brochure I received now says:

Quote:
Liability Coverage
There is no coverage while a vehicle is:
a. off public roads and being prepared for, used in practice for, or operated in any prearranged or organized racing, speed, hill climbing, jumping, or similar contest; or

b. on a track designed for racing or high-speed driving. This does not apply if the vehicle is being used in connection with an activity other than racing, high-speed driving, or any type of competitive driving.
The same language is repeated under Medical Payments Coverage Exclusions; Limits and loss Settlement - Comprehensive and Collision Coverages Exclusions; and Death, Dismemberment and Loss of Sight Coverage and Loss of Earnings Coverage Exclusions.

So it doesn't specifically exclude track days, but the argument will be that track days are not a high-speed driving activity, but are some other on-track activity, such as riding skills improvement.

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Last edited by beac83; 03-23-2010 at 09:09 AM.
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post #16 of 32 (permalink) Old 03-23-2010, 09:05 AM
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Quote:
Originally Posted by jrock View Post
1. call your agent

2. take it to the street. lol


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post #17 of 32 (permalink) Old 03-23-2010, 09:17 AM Thread Starter
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This is a key difference in us middle classers and the upper class.
We accept responsibility and risk
They mitigate it.

Wifey is smarter, more cultured, and of a higher caste than the lowly stinky biker she married.

The rich buy insurance on their investments - and walk away from bad investments..

We have pride and responsibility.. and we go down with the ship.

I don't per se want to do this (my actual plan involves not crashing.. heres to that.. right?) I have also bought fork sliders, mid sliders, and upper frame sliders.. also shark skinz...

that said it is a much more valuable bike than the other two.. and with all of our other obligations I can see why she would want to limit risk.. Which is precisely what insurance is for.

She asked me to check.. I am checking..
A quick search on the internet turned up all kinds of old outdated info so I came here hoping to tap the CLSB brain trust. I expected these responses, and I am just clarifying my original post.

Oh and Craig - no. it has no insurance. Bike is paid off and I haven't ridden it in 3 years or more just stored it. The only bike I have insured right now is the SV - which oddly enough aside from one ride to Road America in June saw no street time last year just track time
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post #18 of 32 (permalink) Old 03-23-2010, 09:33 AM
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Take the sv to the track and ride the ape on the street.

I plan on using my sv for both track/street. It's very simple to switch over. If I wad it, I'll buy another sv for the same use, and use the wadded bike for parts.
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post #19 of 32 (permalink) Old 03-23-2010, 09:34 AM
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Grasshopper brought up a great point about medical coverage. I know mine will cover track days, but have no idea about a race or timed event. Thank you for bringing that up.
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post #20 of 32 (permalink) Old 03-23-2010, 09:42 AM Thread Starter
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Quote:
Originally Posted by Dave13 View Post
Grasshopper brought up a great point about medical coverage. I know mine will cover track days, but have no idea about a race or timed event. Thank you for bringing that up.
This is one of those things you DEFINITELY have to check before you go racing as more often than not.. If they find out.. Probably not.


About tracking the SV
I will be.. Rainy days and cold days.
Plan on making the Aprilia into a great nice day open track kind of bike.
I've never been on the track on a liter bike before.. I have had this bike sitting around for years.. When I tried to sell it and the value was tanked I decided to take it out to do what it was meant to do.

She asked an honest question and it's really a fair question.

Grasshopper has a different view on bikes... He rides some fast ratty bikes.. but he also is one of the only people I know who crashes more than I do (mine were street though - only one track off) .. he's just so matter of fact about crashing.. Doesn't even seem to bug him.

Mine have mostly hurt.. pretty bad.. and involved long periods of healing that sucked. So I am apprehensive.

Pretty much past the point of no return on the Aprilia.. So do me a favor, if you see me out there on the track.. Don't run into me.. K?
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post #21 of 32 (permalink) Old 03-23-2010, 09:47 AM
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Me running into someone would involve me being fast enough to catch someone. Im gold there.
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post #22 of 32 (permalink) Old 03-23-2010, 10:55 AM
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In all of the wrangling over employer/union provided health insurance discrimination over the last 10+ years a law was passed that made it mandatory that if any activity is excluded from coverage, it must be specifically in your policy. I know that some companies distinguish between amateur and professional as in if you are competing for trophies you're covered, if you're competing for money you're not under some policies.
Read your policy carefully (at least the exclusions clause) and if the language is confusing get someone you trust to go over it with you. Avoid calling your company if you can, like you said you don't want to "red flag" yourself.
If you purchase your insurance as an individual, as I underdstand it (I'm not a pro on this) anything not specifically excluded in your policy is covered. Read your policy and check with a professional before assuming anything.

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post #23 of 32 (permalink) Old 03-23-2010, 12:26 PM
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I am in the process of switching health ins. companies as we speak. I did ask specific questions, and was told track days are ok. Racing is not. Also no sky diving or hang gliding.
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post #24 of 32 (permalink) Old 03-23-2010, 08:13 PM
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And for the record and this is only my opinion. Don't track that Aprilia. You have a SV and a 600. Why track the nice bike? If you can't go fast on the SV through the corners you can't go fast on anything.

You know you are going to crash the living shit out of that Aprilia right? LOL!!!

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post #25 of 32 (permalink) Old 03-23-2010, 08:15 PM Thread Starter
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sick of paying money to store it
might as well have some fun on it
they ain't worth shit anymore anyway
and as f*cked up as it is.. if I don't total every part on it (unlikely)
it's worth a lot more in parts than it is as a whole
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post #26 of 32 (permalink) Old 03-23-2010, 08:18 PM Thread Starter
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Quote:
Originally Posted by Grasshopper View Post
And for the record and this is only my opinion. Don't track that Aprilia. You have a SV and a 600. Why track the nice bike? If you can't go fast on the SV through the corners you can't go fast on anything.

You know you are going to crash the living shit out of that Aprilia right? LOL!!!
btw when you gonna do my forks bro?
should I bring them to resurrection or.. I can bring them out to my dads place on cedar lake if you wanna do em there.. he has an impact and if it's nice enough we can go out on the lake for a few beers

i think i might have ordered too soft a front spring but that's ok i think.. since it's not going to be track only and might not want to make a rock out of it.. ordered a 1.0 (Ken wants to put 1.1 in the ape)
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post #27 of 32 (permalink) Old 03-23-2010, 08:35 PM
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Putting a bike on the track that is not manufactured anymore doesn't make sense to me. Doesn't that mean it is going to be a collectors item some day?

I'm finding the softer the spring the better these days. I'm at a .85 and thinking of going with a .80

You will have to take that up with Gus. I'm out in Cali for the week but I'm free this weekend. Saturday or Sunday is good for me.

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post #28 of 32 (permalink) Old 04-09-2010, 08:12 AM Thread Starter
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incidentally I just noticed in the AMA magazine that Foremost Insurance still extends coverage to track days (it's one of their main selling points in their full page ad)
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post #29 of 32 (permalink) Old 04-09-2010, 08:30 AM
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Allstate covers my bike at a trackday

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post #30 of 32 (permalink) Old 04-09-2010, 09:01 AM
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I'm surprised considering years ago they blacklisted my 89 CBR600


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