| Author | Message | ||
     Doitindark |
I'm makeing my XB9R a track only bike. I'll be taking off full insurance coverage, but would atleast like theft insurance. I cant seem to fine any agencies that will support what I want. Any help??? | ||
| Signguyxb12 |
if you have a home.. maybe you can put it as a rider on the house owner's ins | ||
| Gearhead |
On the same line, what about personal accident insurance in case of a major spill. I don't think my work insurance would cover me (racing) in that instance, what do racers do? | ||
| R1DynaSquid |
Claim they fell off the bike in their driveway  | ||
| Sportsman |
I don't think you'll find insurance for a race bike even if you're only looking for theft. Lock it up good! I met a guy that had his whole trailer stolen. Bike, leathers, tools, spares, and everything, gone! THAT WOULD REALLY SUCK! When I went down at Daytona the hospital told Blue cross that it was an off road accident so pip didn't apply. That started a real circus. They started looking to sue the property owner, anyone else involved, anybody they could think of. Insurance companies will do everything they can to get out of paying anything. I finally told them I thought I was on public land (since they thought it was a dirt bike)and it was my own stupidity. They finally paid up, but what a hassle and no one ever mentioned I was racing. I'm sure if they knew I'd have bit the bullet. A whopping $1200 for a CAT scan, since I had been unconscious for 20 minutes,ambulance ride, shoulder X ray, and cleaning up the strawberries under my leathers. They acted like it was their last buck. If it were real money I'm sure they would have worked even harder at skipping out. | ||
| Newfie_buell |
Sportsman, Was it an event that was excluded from your policy? "I'm sure if they knew I'd have bit the bullet" I can only assume if the insurer knew you were racing you would have been on the hook for the medical fees. Was racing disclosed on the application as an event on your policy that you participate in? Its funny how the rates you pay are based on the activities (professional or recreational) or type of work you do in the run of a day?!? In my past experience if something is covered by an insurer then they will pay up but if its not or borderline then its scrutinized as there is someone always trying to beat the system!!!! As in any other industry an Insurer has shareholders they are responsible to as well. We can go on this one for days or even weeks, don't even get me going about Liability Issues!!! As for your Track Bike, try to find a Commercial Insurer that will insure your bike as a piece of equipment. You may be able to find someone to insure it for theft/fire while its sitting in a trailer, shed, etc, etc, etc. There is a big Sport Insurer out of the US that I know of, if you email me I can get you their info. | ||
| X1glider |
It seems we pay more and get less every time our policies renew. And the insurance companies get away with it because it's mandatory that we have it. Yet the legislators who mandate it don't mandate what must be given to those who have to pay for it.  My employer provided insurance covers me for riding and even racing. As for the bike, I think track days are considered school and therefore education. Progressive allowed that. So maybe you can claim an accident as a track day incident. As for theft, they won't let you get theft only. It had to be accompanied by comprehensive. Didn't make sense to me sice it would be for off road use. But a lot of companies won't insure off road vehicles either, which don't require comprehensive. Maybe the homeowner's policy will cover it. But usually they only insure a small amount when off premises. | ||
| Mikej |
You can sometimes get a specific rider/add-on policy for various property such as jewelry or expensive bicycles for replacement value. | ||
| Midknyte |
"It seems we pay more and get less every time our policies renew. And the insurance companies get away with it because it's mandatory that we have it..." Well, that's what you sometimes get when you allow or cause something to be regulated - all you do is end up setting up, allowing, or encouraging otherwise non-existant minimums. | ||
| Davegess |
Bike racers I know are real clumsy and are always falling down steps. Most health insurance won't cover racing accidents and also often exclude stuff like ski diving etc. When I was at Buell they worked hard to find a company that would cover raicng accidents. Helps if the boss has fallen down a lot of stairs. Bike insurance or car insurance is pretty much universal in excluding racing. This applies to track days and racing schools. Pridmore calls his a street riding school so that you stay covered and avoids any semblance of racing. | ||
| Glitch |
I don't know of anyone in their right mind that would cover ski diving. That's one dangerous sport!  | ||
| Newfie_buell |
Recently I took out some extra life insurance and there were a bunch a questions regarding sky diving, scuba diving, rock climbing, bunjee jumping, etc, etc, etc. They even asked about my driving abstract regarding moving violations, criminal code convictions etc, etc. So be careful out there. Its all a risk, you roll the dice and take your chances. The person who races a bike is probably more likely to be injured than the person who stays at home watching it on TV. Personally - i'd like to be the one riding and am willing to take that chance. | ||
| Doitindark |
I'm military so I'm covered with health insurance.....well thats what I've been told. Hopefully I dont have to find out. | ||
| Sportsman |
Newf, I'm sure you have a loyalty to your employer, but you seem to be conflicted or at least unaware of how most people in the US get their insurance. Most of us get it from work and we recieve a BOOK on what is covered. Lawyers write these books in the best intrest of their employers and though they are thick, they are very abstract and then become very technical. You may remember last year they tried to include "high risk behavior" as an out but would not clearly say what it was. The AMA fought it as motorcycling may or may not have been included at the disgression of the insurer. Yes, my life insurance co asked if I did various activities before they wrote the policy. My car insurance wanted a driving record before they wrote the policy. Health insurance is a different animal. You pay every month for decades, then they decide if you are covered once you have a problem. Canada seems to have a much better system. | ||
| Newfie_buell |
Primary Insurance in Canada is Provincial. You get beat up by something, sick, etc, etc. Heck even Emergency Room visits are covered by the provincial health plans. Certain things are not covered like drugs and similar expenses. The things that are not covered are picked up by private plans. Then there is Life Insurance. But all basic insurance plans, auto, home, commercial, life, medical will have perils insured for and exclusions. Make sure you understand all before choosing and don't be afraid to ask questions.....specific ones. The other thing is that the onus is upon the policy holder or insured to prove the claim to the insurer. Like any other industry - Its a MONEY grab and how to make more of it!!!! | ||
| Sportsman |
"Its a MONEY grab and how to make more of it!!!!" We completly agree! |
