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Old 12-18-2012, 03:11 PM   #1
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Insurance on A Track Bike

Do people insure their track bikes? I have my bike in my garage in a gated community. I quit street riding for now and wondering if people insure heir track bikes.




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Old 12-18-2012, 03:13 PM   #2
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I know of a few guys/members here that have full coverage that even covers track days.. Not sure if they cover full blown track bikes tho..
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Old 12-18-2012, 03:15 PM   #3
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i can have fire and theft up here on a race bike. as long as i have it registered as a street bike. the state farm agent told me to not tell them its a race only bike because they wont insure them.
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Old 12-18-2012, 03:18 PM   #4
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My policy will cover my bike fully along with aftermarket parts even on the track for track days. It must NOT be a timed event or considered a race then I will not be covered.

Progressive Insurance and the bike does have a valid title.
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Old 12-18-2012, 03:28 PM   #5
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My 03 is insured luckily I never laid it down at the track. If I had I would have just pushed out of the truck going down the highway at night and said the straps came loose. Been like what track I don't ride track, that's for crazy people...
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Old 12-18-2012, 04:25 PM   #6
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Trackdays should be fine for insurance. Not a timed event.

Mine was insured until it became a racebike. At that time no more inspection or registration.

I have not found any insurance companies that will cover a racebike, even for theft, so if anyone knows a company that will give me theft/fire coverage I would love to know.
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Old 12-18-2012, 05:04 PM   #7
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if you eat **** just claim it stolen.
AAA full coverage. you get cashed out and you keep your salvageable parts
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Old 12-18-2012, 05:23 PM   #8
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if you eat **** just claim it stolen.
AAA full coverage. you get cashed out and you keep your salvageable parts
Also can get you jail time for fraud.

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Old 12-18-2012, 05:49 PM   #9
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A lot of, uh, interesting statements in this thread. Fair warning, insurance investigators are not stupid and have voided claims after internet searches.

Speak directly with your agent, or the agent handling your policy. They are sometimes vague on this, and if you don't have it IN WRITING and iron clad, there's lots of ways for them to not cover you. For the most part, I've heard coverage for track days (NOT racing, NOT a timed event) is extremely rare and is the exception, not the rule.

My agent told me I was covered, but the subtext was that this was not SOP - agents have some amount of leeway with rates, coverage, etc. which is why you want to speak with your agent about this. If you rely on fine print from insurance docs you're gonna get burnt when you go to them with your hands out.

Also note, if you crash, it would be covered under Collision - as your fault - and your premium increases could effectively void any payout you get, making coverage more like a loan (you may even lose money in the long run.)

My track bike I just have comprehensive/theft on. I also have it registered as 'Non-Op', which, believe it or not, makes it illegal for me to transport it over public roads.
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Old 12-18-2012, 06:28 PM   #10
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Quote:
Originally Posted by FightingChance View Post
A lot of, uh, interesting statements in this thread. Fair warning, insurance investigators are not stupid and have voided claims after internet searches.

Speak directly with your agent, or the agent handling your policy. They are sometimes vague on this, and if you don't have it IN WRITING and iron clad, there's lots of ways for them to not cover you. For the most part, I've heard coverage for track days (NOT racing, NOT a timed event) is extremely rare and is the exception, not the rule.

My agent told me I was covered, but the subtext was that this was not SOP - agents have some amount of leeway with rates, coverage, etc. which is why you want to speak with your agent about this. If you rely on fine print from insurance docs you're gonna get burnt when you go to them with your hands out.

Also note, if you crash, it would be covered under Collision - as your fault - and your premium increases could effectively void any payout you get, making coverage more like a loan (you may even lose money in the long run.)

My track bike I just have comprehensive/theft on. I also have it registered as 'Non-Op', which, believe it or not, makes it illegal for me to transport it over public roads.
That's what I figured. Maybe I'll lower to comprehensive/theft.

So what would happen if you got pulled over while towing your bike?


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Old 12-18-2012, 06:41 PM   #11
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Lol, stupid is as stupid does.

That is all...
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Old 12-18-2012, 06:42 PM   #12
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I guess I was just telling a strange anecdote about Non-op; Cali law states that overland transport of non-op vehicles can only be done when obtaining a waiver that makes it legal for a couple days from the DMV. In spirit, this law was written regarding cars/trucks; motorcycles in the United States are so statistically low that they fall through many legal loopholes, or are subjected to laws meant for passenger/wheeled vehicles. So tow away; just fly low and slow.
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Old 12-18-2012, 06:54 PM   #13
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That's what I figured. Maybe I'll lower to comprehensive/theft.

So what would happen if you got pulled over while towing your bike?


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up here i can tow anything i want. as long as its on a legal trailer. or if it has 4 wheels i hard point it and secondary chain it and put magent lights on it. i can town a car with my pickup truck and it would be insured as a trailer if i hook it up properly LoL
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Old 12-18-2012, 07:09 PM   #14
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Quote:
Originally Posted by FightingChance View Post
A lot of, uh, interesting statements in this thread. Fair warning, insurance investigators are not stupid and have voided claims after internet searches.

Speak directly with your agent, or the agent handling your policy. They are sometimes vague on this, and if you don't have it IN WRITING and iron clad, there's lots of ways for them to not cover you. For the most part, I've heard coverage for track days (NOT racing, NOT a timed event) is extremely rare and is the exception, not the rule.

My agent told me I was covered, but the subtext was that this was not SOP - agents have some amount of leeway with rates, coverage, etc. which is why you want to speak with your agent about this. If you rely on fine print from insurance docs you're gonna get burnt when you go to them with your hands out.

Also note, if you crash, it would be covered under Collision - as your fault - and your premium increases could effectively void any payout you get, making coverage more like a loan (you may even lose money in the long run.)

My track bike I just have comprehensive/theft on. I also have it registered as 'Non-Op', which, believe it or not, makes it illegal for me to transport it over public roads.
Are you allowed coverage because it's not a racebike?
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Old 12-18-2012, 07:32 PM   #15
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I should clarify;

An insurance company may insure anything they want to; it's the usage that is the main concern, in most cases. If you have a no-title bike with no VIN, you may run into issues. These things get worked through when you first apply for the insurance, of course.

Coverage for actual racing/timed events is either nonexistent or something offered by bespoke insurers for huge sums of money.
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Old 12-18-2012, 08:16 PM   #16
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I took mine off the street and dropped to state minimum, to make sure it's covered against theft. If it has a VIN it can be insured. I pay $10/month when I was paying $60 for full coverage

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Old 12-18-2012, 09:51 PM   #17
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iirc,

i think the "non op vehicle clause" is only operative when the vehicle is touching the road.

if on trailer it is ok....

ask a tow truck driver....?

Last edited by tary preisser; 12-18-2012 at 09:52 PM. Reason: clarification
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Old 12-18-2012, 10:32 PM   #18
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I had originally thought the same; we had this discussion on another forum I'm part of. The actual letter of the law doesn't even make exception for transportation, it is still illegal to move a non-opped vehicle around without a special exclusion notice (at least, over public roads.)

"PNO

PNO means that the vehicle will not be driven, towed, stored, or parked on public roads or highways for the entire registration year."

and

"Operating Your PNO Vehicle

If the vehicle is on PNO status with DMV and the vehicle needs to be operated for:

One Day—to move the vehicle from its current storage place to a new storage place, or for repairs, alteration, vehicle inspection, smog inspection, weighing, construction (for an incomplete vehicle), or for its permanent wrecking or dismantling. You may obtain a Vehicle Moving Permit (REG 172) at a DMV office without paying renewal fees."

Crazy, huh?

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iirc,

i think the "non op vehicle clause" is only operative when the vehicle is touching the road.

if on trailer it is ok....

ask a tow truck driver....?
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Old 12-19-2012, 03:23 AM   #19
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I like the dumping it *accidentally off the back of a truck idea.
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Old 12-19-2012, 05:07 PM   #20
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ok, so you wreck. You get paid out and being a declared track junkie you get another bike.

Your premiums then go up a ridiculous amount, you're penalized for like 3years (f you insurance co backed by the gov't and who make record profits every quarter). When does having state minimums (ie. $80/year insurance) make more sense than paying a ridiculous amount of $ for track bike insurance?

I think full insurance makes more sense for theft than anything else. idk. I can fix and build anything and have a garage tools and experience to do so. Not everyone does. Maybe this applies more to track only bikes that can be a little less than pretty. A street/track bike could go either way - what do you think?
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Old 12-19-2012, 05:45 PM   #21
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I think, if you crash it, you're almost always better off repairing it yourself/out of pocket than making a claim (by crash it, I mean you at fault, covered by Collision)

Also, pro-tip: Never crash/lay it down to avoid hitting an animal. Always hit the animal. Then it's comprehensive, not collision.
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Old 12-19-2012, 06:15 PM   #22
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I have full coverage on my track bike, but it is street registered. I'm probably going to lower it down to liability though seeing as it is a 2007.

As for limits, if you're curious, I have 100K/300K. No way some sue happy @$$ tool is going after my house because I didn't have enough insurance to cover for damages.
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Old 12-19-2012, 06:21 PM   #23
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I think I had the same limits, always ask your agent about what they recommend and what the difference is, I think it was just a couple bucks a month to go from 20k/50k to 100k/300k.
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Old 12-19-2012, 06:22 PM   #24
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Do claims on a bike effect premiums for cars also?


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Old 12-19-2012, 07:15 PM   #25
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Do claims on a bike effect premiums for cars also?


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That's a good question; I'm not sure.
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Old 12-26-2012, 08:52 PM   #26
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I never insured my track bikes but I also had a very secure place where I stored them. I have heard stories of people getting them stolen at hotels on days before trackdays and what not. Just insure with a theft only option and hopefully it will not be to expensive.
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Old 12-27-2012, 10:34 AM   #27
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Do claims on a bike effect premiums for cars also?


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Usually, yes they do. But it depends on the circumstances and where you live. Some states don't allow carriers to "double charge" for the same accident but carriers usually find a way around that...by putting you in a different rating tier.
If you have an accident that shows up on your motor vehicle report it, then you'll get charged for it unless you can prove it's not your fault. If it was a theft or other comp loss- usually they are not chargeable.


Regarding insurance for a track/race bike. I've never heard of a company that offers such a thing but who knows, it may exist.
If you take your street bike to the track, that's a different story. What you have to do is READ YOUR FUKKIN POLICY. I don't understand why no one does this. You'll research the $hit out of a new exhaust system or tires and spend hours surfing for the best price but you dont take 15 mintues to read your insurance policy.
Different policies have different wording regarding "racing" or times events. I'm pretty sure the oroginal intent of most policies is to NOT cover track days....but older policies usually only mentioned "racing" which was a convenient loophole for us. Now that track days are becoming more popular and claims are coming in more frequently, alot of carriers have changed their policy wording to try to exclude track days. So READ YOUR POLICY!!
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Old 12-27-2012, 10:41 AM   #28
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State Farm for example has a clause that pretty much states that coverage is excluded while the vehicle is on a "track designed primarily for racing or high-speed drivinng".

So that would exclude track days. I'm pretty sure all of the big name insurers (progressive, Geico, etc) are doing the same thing.

This is too important of a topic for you to beleive what people on this board tell you. So just read the policy. I'm pretty certain that most insurance companies have closed the track day loophole.
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Old 12-27-2012, 11:01 AM   #29
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My policy will cover my bike fully along with aftermarket parts even on the track for track days. It must NOT be a timed event or considered a race then I will not be covered.

Progressive Insurance and the bike does have a valid title.

You might want to take a look at your policy. I'm fairly certain that progressive got rid of the "timed event" wording and changed it to events held on a "closed course". Also pretty sure that Geico did the same. But policies change by state so just read the policy thoroughly.
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Old 12-27-2012, 05:49 PM   #30
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Sounds like someone works on the inside - you a claims processor?
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