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Insurance for Track Days

I know this is a bit off topic but some good info when dealing with insurance. Anytime you need to make a claim and insurance says they will cover it, make sure you tell them that all damage is from the same incident you are claiming. If you tell them that your left fairing was scratched already, they won't cover it since it happened before the accident. If you want that fairing to be covered, you have to submit a 2nd claim. So, the moral of the story is anytime dealing with insurance, never tell the truth. Tell them what will get your bike fixed.

Lets say your bike has a bunch of scratches and cracks, if it gets stolen and you call into report it, tell them the bike was in pristine condition. That way once its recovered, you can blame on the damage on the thief and all of your stuff gets fixed.
 
sfrepsol said:
I know this is a bit off topic but some good info when dealing with insurance. Anytime you need to make a claim and insurance says they will cover it, make sure you tell them that all damage is from the same incident you are claiming. If you tell them that your left fairing was scratched already, they won't cover it since it happened before the accident. If you want that fairing to be covered, you have to submit a 2nd claim. So, the moral of the story is anytime dealing with insurance, never tell the truth. Tell them what will get your bike fixed.

Lets say your bike has a bunch of scratches and cracks, if it gets stolen and you call into report it, tell them the bike was in pristine condition. That way once its recovered, you can blame on the damage on the thief and all of your stuff gets fixed.
Click to expand...

There's another name for this :)
 
sfrepsol said:
I know this is a bit off topic but some good info when dealing with insurance. Anytime you need to make a claim and insurance says they will cover it, make sure you tell them that all damage is from the same incident you are claiming. If you tell them that your left fairing was scratched already, they won't cover it since it happened before the accident. If you want that fairing to be covered, you have to submit a 2nd claim. So, the moral of the story is anytime dealing with insurance, never tell the truth. Tell them what will get your bike fixed.

Lets say your bike has a bunch of scratches and cracks, if it gets stolen and you call into report it, tell them the bike was in pristine condition. That way once its recovered, you can blame on the damage on the thief and all of your stuff gets fixed.
Click to expand...

Is this based on personal experience? Who was insuring you?

BTW: Claiming damage unrelated to the accident is insurance Fraud.
 
Burning1 said:
A lot of employers offer a flex spending card. Flex is taken out of your pay-check pre-tax. It's available as soon as you apply in January, and is repaid through the year. I have $3K flex, and it costs me about $150/mo. The flex card can be used to pay your deductible, but will also cover expenses such as medicine, birth control, eye care supplies, first aid, doctors visits, dental work (inc. braces) etc. Pretty much anyone can spend it in a few months if desired.
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On that note, that money has to be used that year. My understanding when I read my policy was that it's use-it-or-lose-it money.
 
TheRiddler said:
On that note, that money has to be used that year. My understanding when I read my policy was that it's use-it-or-lose-it money.
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That's correct, but there are a lot of ways to use it. Dental work and vision are probably the easiest. If you have a plan at the begining of the year, you wont end up stuck.
 
Allstate claims to cover your bike as long as your not in a race. If you practice that's fine but anything else on the track nope.
 
Progressive doesn't cover you if you are on a track at all any more.

I recommend reading your insurance agreement on your policy....5 years ago Progressive's policy had an exclusion that stated no coverage if you were on a track riding for a prize or money speed contest. Track days don't fall under any of them...now they changed it saying just being on a track is an exclusion.
 
Has anyone looked into this recently? I'm thinking that some of the info in this thread is out of date now that it is 2016. I have been researching a bit into what I have now. I'm fairly certain that USAA Automobile insurance and Esurance Motorcycle insurance will not cover you at the track. I have outlined the specific clauses that I think make the exclusion in coverage:

Esurance exclusion:
11. Loss to any vehicle located inside a facility designed for racing or high performance driving for the purpose of:
a. Competing in;
b. Practicing or preparing for any prearranged or organized racing contest, speed contest, demolition contest, stunt contest, off-road contest; or
c. Participating in any racing school, driving school, driver training, skills training, race driving experience, or racing adventure program.

USAA exclusion (from automobile policy, but I would think the same principle applies):
9. Loss to any vehicle while it is being operated in, or in practice for, any driving contest or challenge.
N. Driving contest or challenge includes, but is not limited to:
1. A Competition against other people, vehilces, or time; or
2. An activity that challenges the speed or handling characteristics of a vehicle, or improves or demonstrates driving skills, provided the activity occurs on a track or course that is closed from nonparticipants

Can anyone find holes to poke in these policies to get your bike covered at a track day? These seem fairly rock solid to me, but I'm not an insurance attorney.

I used to do track days in my car, and used Lockton HDPE insurance. It was spendy ($250/day) but I was covered for 60k. I don't want to pay the same for my bike. Does anyone know of a company that doesn't have these exclusions?
 
I would almost bet you can call up and get a rider (scheduled personal property) policy with any insurance organization.
 
I have Farmer's from Erich Steigler and according to him, track days are covered so long as you're not competing in an event.
 
sfrepsol said:
I know this is a bit off topic but some good info when dealing with insurance. Anytime you need to make a claim and insurance says they will cover it, make sure you tell them that all damage is from the same incident you are claiming. If you tell them that your left fairing was scratched already, they won't cover it since it happened before the accident. If you want that fairing to be covered, you have to submit a 2nd claim. So, the moral of the story is anytime dealing with insurance, never tell the truth. Tell them what will get your bike fixed.

Lets say your bike has a bunch of scratches and cracks, if it gets stolen and you call into report it, tell them the bike was in pristine condition. That way once its recovered, you can blame on the damage on the thief and all of your stuff gets fixed.
Click to expand...

Or you could take a small monetary hit in exchange for you integrity and not committing a felony.
 
mjj209 said:
Has anyone looked into this recently? I'm thinking that some of the info in this thread is out of date now that it is 2016. I have been researching a bit into what I have now. I'm fairly certain that USAA Automobile insurance and Esurance Motorcycle insurance will not cover you at the track. I have outlined the specific clauses that I think make the exclusion in coverage:

Esurance exclusion:
11. Loss to any vehicle located inside a facility designed for racing or high performance driving for the purpose of:
a. Competing in;
b. Practicing or preparing for any prearranged or organized racing contest, speed contest, demolition contest, stunt contest, off-road contest; or
c. Participating in any racing school, driving school, driver training, skills training, race driving experience, or racing adventure program.

USAA exclusion (from automobile policy, but I would think the same principle applies):
9. Loss to any vehicle while it is being operated in, or in practice for, any driving contest or challenge.
N. Driving contest or challenge includes, but is not limited to:
1. A Competition against other people, vehilces, or time; or
2. An activity that challenges the speed or handling characteristics of a vehicle, or improves or demonstrates driving skills, provided the activity occurs on a track or course that is closed from nonparticipants

...
Click to expand...

Sorry for possibly being part of the reason USAA added #2. A few years ago I totaled my Z06 at Thunderhill and they did pay off the car. At that time there was no #2 under item #9 of exclusions (it used to be #10). I guess they got tired of others and myself making claims for track day crashes.
 
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danate said:
I have Farmer's from Erich Steigler and according to him, track days are covered so long as you're not competing in an event.
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I think I'll give this Erich guy a call shortly. I'm realizing that the Esurance policy exclusion is lacking a catch-all statement for anything on a track. As long as it's not a driver school, maybe it's OK? That seems similar to what danate says. I wonder what the Farmer's exclusionary statements will look like.
 
danate said:
I have Farmer's from Erich Steigler and according to him, track days are covered so long as you're not competing in an event.
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Farmer's or Foremost? Farmer's uses Foremost for moto insurance. I've got Farmer's for my car and renter's insurance, but my moto insurance which I got from Farmer's is branded Foremost.

Slightly annoying tidbit, Foremost has no online presence other than paying for your bill. You can't get a copy of your insurance card other than from your agent. :thumbdown They are decently priced though. :)
 
Hoho said:
Farmer's or Foremost? Farmer's uses Foremost for moto insurance. I've got Farmer's for my car and renter's insurance, but my moto insurance which I got from Farmer's is branded Foremost.

Slightly annoying tidbit, Foremost has no online presence other than paying for your bill. You can't get a copy of your insurance card other than from your agent. :thumbdown They are decently priced though. :)
Click to expand...

Yeah, the moto portion is Foremost. While I liked having everything online and accessible like with Progressive, I don't mind using the old fashion kind of insurance with a good agent if it gives better coverage. Erich responds to emails same day and takes care of whatever I need (including getting me a card copy on the fly). I could see it being a problem with an agent who's not on top of stuff.
 
danate said:
Yeah, the moto portion is Foremost. While I liked having everything online and accessible like with Progressive, I don't mind using the old fashion kind of insurance with a good agent if it gives better coverage. Erich responds to emails same day and takes care of whatever I need (including getting me a card copy on the fly). I could see it being a problem with an agent who's not on top of stuff.
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:thumbup Yep, my agent does right by me as well. :) Although I would rather be able to skip the middleman if it is just to get a copy of my proof of insurance.
 
Definitely give Erich a call - his responses are usually just as fast and a hell of a lot easier if you need something than trying to log in online and find stuff yourself :laughing

My street bike is covered as long as I'm not racing it - I don't bother with any coverage for the Daytona :laughing But since the GSXR will see the track a little bit this year, but is also my daily ride, it'll be nice knowing I can take it and not have to worry as much :thumbup

In fact, I may just start hauling it to all the track days for instructing....having a kickstand and mirrors, plus a bike that's not tuned for racing would make my life a little easier :laughing
 
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