Track insurance for your bike

Discussion in 'STT General Discussion' started by bogiewacker, May 4, 2017.

  1. steve802cc

    steve802cc Knows an apex

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    Like Ski said get it in writing.
    I did this with my medical insurance. I got them to write me a letter stating I was covered "while racing motorcycles" in the USA (I'm Canadian).
    Steve
     
  2. tigerblade

    tigerblade What's an apex?

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    We have this language in our life insurance policies. I'm sure similar language exists in health and property (auto, etc.): "No agent has the authority to change this policy or waive any of its provisions. Only an officer of the company may make or modify this policy." And on the applications: "Only the XXXXX Insurance Company, at its Home Office, may make or modify contracts or waive any of its rights or requirements, and only then in writing" and "No agent is authorized to accept or pass upon insurability"

    In other words, the agent is a salesperson. The legal contract is between insured and insurance company. Agents can and do get sued and have Errors & Omissions insurance specifically for these reasons but it saves a lot of hassle and heartache on both sides to clarify coverage ahead of time with the company, not with the agent.
     
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  3. motoracerx

    motoracerx Rides with no training wheels

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    Conversation with insurance company without any misinformation given:

    You: Hello, I had an accident on my covered motorcycle.
    Agent: Where?
    You: In a curve.
    Agent: Any other vehicles involved?
    You: No.
    Agent: Any injuries?
    You: No
    Agent: Is there a police report?
    You: No. It was just me. My friend picked me up.
    Agent: Ok. Thanks for being a valued customer. Your check to cover the losses of the bike is in the mail.
     
  4. Whitney Arnold

    Whitney Arnold Run it wide. The grass is a safe place.

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    The old VISA card!
     
  5. skidooboy

    skidooboy titainum plate tester

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    that's your agent (read, a salesman for the company, not too smart)... your assigned ADJUSTER will need SPECIFICS to authorize coverage's, and payments for the claim. and if you bend, stretch the truth, facts, and they find out you were trying to deceive them, they CAN AND WILL get the CRIMINAL INVESTIGATION UNIT of the parent company involved. when that happens, it is call material misrepresentation, (fraud). when they dig deeper, they can opt to not cover this loss, then cancel your policy with the misrep on your NCIS record which follows you to EVERY INSURANCE COMPANY YOU TRY TO GET COVERAGE WITH, FOR THE NEXT 10-12 YEARS..

    like I said, this is an industry, and misrepresentation is grounds for cancelation, and subsequent further actions, that are worse than drunk driving.

    this is coming from a 30 year experience in the collision industry, the last 13 on the insurance side of things. don't try to deceive the insurance company, they have more resources than you do, and they will make life after fraud MISERABLE for you, for ALOOOOOOONG TIME!

    your results may vary, you are on your own.

    Ski
     
    #25 skidooboy, May 13, 2017
    Last edited: May 13, 2017
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  6. motoracerx

    motoracerx Rides with no training wheels

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    I was kidding ski. Ive been paying motorcycle insurance for 30 yrs...i get all that. I actually found that little excerpt online from another discussion and basically copy and paste it here.

    Id recommend everybody looking into foremost. I recently made the switch from riders and progressive to foremost. Premiums were cut in half on a '16 tuono, '13 rsv4 and '13 hd nrs.
     
  7. JamieLK

    JamieLK n00b

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    On my 2008 GSXR 600 I carry full coverage as it has a loan on it,is a dedicated track bike.I have State Farm insurance on the bike,2 cars,and renters insurance.I have asked my insurance agent if I would be covered for a "riders course" on the track,not bringing up trackdays,they looked into it and said no.I have medical coverage on the policy set as a higher rate as my insurance with the company I work for doesn't cover motorcycle accidents,street or track.The bike I'm not so concerned about as my agent knows I do trackdays,I won't lie to them about that,that would come back on me for sure.I was more concerned about health coverage.I did take out and accident plan with Afflack though for some coverage,even purchased a Hit Air racing vest to protect me more.Was on the track at BHF in Beloit yesterday and didn't have to use it,hate to say another rider I know got bumped by a CR and took a tumble,did some damage to his shoulder and had to call it a day.
     
  8. JamieLK

    JamieLK n00b

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    By the way I am in Wisconsin,so maybe policies change from state to state? I spoke with one guy from Illinois and he was cover with State Farm.
     
  9. tigerblade

    tigerblade What's an apex?

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    Yes, policies can vary from state to state. With our life insurance policies, we are now able to file with the Interstate Insurance Product Regulation Commission but property and casualty policies are still filed state-by-state to my knowledge.
     
  10. indy

    indy What's an apex?

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    I just asked if Safeco would cover my bike, first response was no because of racing.
    My reply back was racing is a timed event, winners and losers. First, second, third place.
    This is a NON timed event. There is class room instruction, coaches and no one wins anything including a hand shake saying gee your fast. They are getting me a quote.
     

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