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Making an insurance claim for a track crash?

^^^^ The beauty of it is sometimes that additional coverage is free. :laughing ^^^^

Aluisious said:
Well, part of that is that I'm tracking a street bike. If I was in the happy situation of having a dedicated track bike I wouldn't pay insurance premiums for it.

Does anyone pay insurance for a track only bike? I figure the liability problem is moot.
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I would for comprehensive...covers it in case of fire, theft, or vandalism. Nothing else though. State farm won't pay out for dedicated track/racebikes that are crashed on the track, only streetbikes.
 
Aluisious said:
If I was in the happy situation of having a dedicated track bike I wouldn't pay insurance premiums for it.
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You might be in that situation now, depending on what you decide to do with the current bike.

If your insurance carrier is going to raise rates they'll do it on one vehicle and it will be whichever one is most expensive to insure. First hand experience from a long time State Farm customer. I have not claimed a track crash, but don't have reason to think they'll treat it differently. You'll be found at fault and they would treat it like a single vehicle accident on the street.

Your assessment about the cause of the crash is pretty spot on. If you're interested, you have a habit of coming into the throttle abruptly. You can hear this for yourself in many other corners prior to this one. What made this turn different is the lean angle you were at when you came onto the gas. For future reference, it's ok to be on the throttle at that lean angle, but come into it gradually. In that part of the turn, you want to use the throttle to preserve your speed, hold your line and stabilize the bike. The drive begins a little bit later, as you're beginning to relax the lean angle.

Glad you didn't get banged up.
 
Sorry about your crash, if you want another F4 let me know as I have the exact bike that you biffed.
 
State Farm will pay for crashes at the track as long as it wasn't a timed event (i.e.- racing). A track day is a "closed course rider improvement event." Expect to have someone review your claim, but they'll pay out after it's investigated.
 
I went in to the insurance office to talk to them about how to handle the track crash, and the agent told me that 1) rates would go up effectively $1k over six years and 2) I'd get a point on my license for three years. Well my rates going up $1k makes it nearly a wash against what I can repair the bike for (probably, but not counting labor) but I am not hot on the idea of getting points for something that happened on a race track.

:|
 
The point sucks. That's such a great bike, if the frame, forks, and motor were good, I'd repair the rest yourself.
 
Aluisious said:
I went in to the insurance office to talk to them about how to handle the track crash, and the agent told me that 1) rates would go up effectively $1k over six years and 2) I'd get a point on my license for three years. Well my rates going up $1k makes it nearly a wash against what I can repair the bike for (probably, but not counting labor) but I am not hot on the idea of getting points for something that happened on a race track.

:|
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Lol.. not even worth it -- just fix the damn bike and keep your record clean.
 
-rebuild as track bike
-not care next time you toss it
 
I knew a guy who crashed on the track. Took the bike home and then claimed it as a street crash. Worked fine until his agent saw a pic of his crash in Cycle News!!! AND...( here's the best part) he was a COP!!! End result? He got fired and tried for fraud.
 
No, still haven't figured that out. I was mulling over getting one of those front stand conversion dealies that lifts by the steering head instead of putting a jack on the exhaust, which is loose anyway.

They're probably fine. Needs a right rear set, don't know about rear master cylinder, needs start/kill switch, maybe throttle cable, maybe master cylinder, definitely a front brake line. Fairings and fairing stay (could be bent into shape, but that's tricky to figure out).
 
No way is that thing track ready for 5. Not with fairings.

I'm counting more like 1k.
 
Fairings are the ultimate frame sliders. They help a little with the aeros, too :p
 
Aluisious said:
I have never claimed anything against insurance so I don't know how the process works really. Just got back from crashing at Laguna Seca...unlike my little slide last year, the bike looks like it may be comprehensively buggered. Leaking brake fluid and coolant, every small external part smashed up, plastics smashed, fairing stay bent (again), I believe the swingarm was rashed pretty good...who knows what condition the serious bits like the forks, engine, frame etc are in, since I pretty much don't want to look at it tonight, just have a beer and relax some.

So of course I loaded it up on the trailer and brought it home, stuffed it in the garage to leak away to its hearts content. Since it is likely pretty much totaled, what do I do if I want to claim against insurance? Call them up, and they collect its sorry state of affairs right from my place?

Anyone know whether making the claim might endanger such things as "safe driver discounts" etc I've earned at State Farm from years of being a good boy? They did recently hike my bike insurance rate without explaining (I even asked!) so I feel a little inclined to make them take care of business.
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Your ins rate will go up (and by a lot based on my experience, also w/ State Farm). I'd personally not bother claiming with your F4.

State farm will ask you to bring the bike to a shop (any shop you pick) and send over a claims adjuster. They'll pay towing and storage (at the shop) fees. They'll also pay your helmet but not other gear. If it's totalled, then they'll send you a check, and you don't ever have to look at that bike again (State farm will "take care of it" from the shop).
 
Maddevill said:
I knew a guy who crashed on the track. Took the bike home and then claimed it as a street crash. Worked fine until his agent saw a pic of his crash in Cycle News!!! AND...( here's the best part) he was a COP!!! End result? He got fired and tried for fraud.
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State farm will cover trackday crashes.
 
sv2007 said:
Your ins rate will go up (and by a lot based on my experience, also w/ State Farm). I'd personally not bother claiming with your F4.

State farm will ask you to bring the bike to a shop (any shop you pick) and send over a claims adjuster. They'll pay towing and storage (at the shop) fees. They'll also pay your helmet but not other gear. If it's totalled, then they'll send you a check, and you don't ever have to look at that bike again (State farm will "take care of it" from the shop).
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Thanks for your insight. I wonder why the helmet is covered, but gear is not :wtf
I'd think that covering gear (if worn) is cheaper than paying out for medpay (if no gear was worn), assuming the insured had medical coverage. :x
 
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