Track Day Insurance

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My USAA policy says “off road use” isn’t covered. I asked an agent whether a track is off road use and was told yes. The agent said off road use was going to be broadly interpreted to mean everything but legal street use, i.e., streets with traffic lights, signs, etc.
 
TomFoolery said:
The whole calling a trackday a "non timed event" and "rider education" loophole ended years ago. Car guys made sure of that. You won't get straight answers and you can always take your chances and submit a claim and see if your local agent/adjustor will cover, but trackdays are not covered by a street motorcycle insurance policy. Personally, I think its borderline insurance fraud and raises the rates for harley and goldwing and other hobby riders in your area if you bin your expensive Ducati at Turn 1 and make a $30k claim. We also know what follows - you buy the bike back from insurance and make it a trackday special.

P.S: I would recommend any of you doing this to delete your posts in this thread.
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youpaiyou said:
My USAA policy says “off road use” isn’t covered. I asked an agent whether a track is off road use and was told yes. The agent said off road use was going to be broadly interpreted to mean everything but legal street use, i.e., streets with traffic lights, signs, etc.
Click to expand...

I agreed with both you guys. I have always assumed I was financially responsible for repairs after binning a bike on track - racing or track days. There are clearly some people able to get track day coverage, but it seems to be the exception not the rule, and I am not well informed enough to understand the inconsistency.

USAA said they use Progressive in Texas, not Foremost, and Progressive said “pound sand”. I’ll call Foremost and report back.

Edit: just called Foremost. The rep was helpful and said he had experience with previous requests, and that some are approved and some are denied. He said I have to call back Monday and talk to and underwriter.
 
Last edited:
TomFoolery said:
The whole calling a trackday a "non timed event" and "rider education" loophole ended years ago. Car guys made sure of that. You won't get straight answers and you can always take your chances and submit a claim and see if your local agent/adjustor will cover, but trackdays are not covered by a street motorcycle insurance policy. Personally, I think its borderline insurance fraud and raises the rates for harley and goldwing and other hobby riders in your area if you bin your expensive Ducati at Turn 1 and make a $30k claim. We also know what follows - you buy the bike back from insurance and make it a trackday special.

P.S: I would recommend any of you doing this to delete your posts in this thread.
Click to expand...

I asked straight up, "am I covered for trackdays" the woman I was dealing with knew exactly what a trackday was, and even named a few of the local tracks. She made it clear that there was no racing cover and it had to be for pre- approved events so I think people will have better luck getting cover dealing a knowledgeable specialist company The reason I believe they can provide cover is because most owners here of high end road bikes do not do trackdays or at least in a way that ends up in a lot of claims. Last outing there would have been over 100 bikes and I saw maybe 3 other Panigales.

On the crash front, a good friend is a bike insurance assessor and you would not believe what gets written off, heres an example; a Pani was involved in a lowside on the road, plastics on one side, peg, tail components, bar and controls, subframe damage, some scratches on the Akra and wheels. Itemised repair bill including labour $47,000, purchase price of bike $33,000. Any off on a Ducati is going to be costing the company a lot of money.
 
craig bush said:
I agreed with both you guys. I have always assumed I was financially responsible for repairs after binning a bike on track - racing or track days. There are clearly some people able to get track day coverage, but it seems to be the exception not the rule, and I am not well informed enough to understand the inconsistency.

USAA said they use Progressive in Texas, not Foremost, and Progressive said “pound sand”. I’ll call Foremost and report back.

Edit: just called Foremost. The rep was helpful and said he had experience with previous requests, and that some are approved and some are denied. He said I have to call back Monday and talk to and underwriter.
Click to expand...

1642879568017.png
 
This is the Hagerty product you need, but for motorcycles. They divide it into "On the track" and "Off the track." The latter of which just covers theft, paddock accidents etc. I don't think they have an On the track product for motorcycles.

1642894245155.png
 
Those of you wanting trackday insurance - you must only do one or two trackdays a year I assume? Last year I did 26 track days and that's not counting race weekends so insurance would have gotten way too expensive very soon.
 
I have no idea how it’s priced. I would guess it’s factored into a normal road motorcycle policy.

There aren’t that many tracks around here so it wouldn’t be a every warm weekend thing. I get a few weeks of vacation a year, that combined with long weekends makes for some opportunity to load up the trailer and make a mini-vacation out of it.
 
TomFoolery said:
Those of you wanting trackday insurance - you must only do one or two trackdays a year I assume? Last year I did 26 track days and that's not counting race weekends so insurance would have gotten way too expensive very soon.
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Not for me regardless of how many track days I do, because without insurance there is very little chance I’ll ride a $120k bike like it should be riden without insurance, with insurance I’ll actually get proper use out of the bike.
 
Steven31371 said:
Not for me regardless of how many track days I do, because without insurance there is very little chance I’ll ride a $120k bike like it should be riden without insurance, with insurance I’ll actually get proper use out of the bike.
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In your situation you need "agreed value" insurance.

Even if you found trackday insurance they will pay out what a panigale v4 is worth in the market after depreciation. You may have 80k worth of mods on a 40k bike but they will only pay 40k minus reasonable depreciation.

Agreed value insurance for off road vehicles will be impossible to find. Keep us posted.
 
TomFoolery said:
Those of you wanting trackday insurance - you must only do one or two trackdays a year I assume? Last year I did 26 track days and that's not counting race weekends so insurance would have gotten way too expensive very soon.
Click to expand...


I can tell you the difference between Foremost Saver plan(no track day) and the Plus plan(track days included + some other stuff), is $200.00 USD per year for me and my RSV4 Factory... 200/year. If you are paying to Hagerty per event, maybe expensive over time, but for my road bike to have full coverage and covered for any track day I decide to participate in, and extra 200 per year is nothing.
 
TomFoolery said:
In your situation you need "agreed value" insurance.

Even if you found trackday insurance they will pay out what a panigale v4 is worth in the market after depreciation. You may have 80k worth of mods on a 40k bike but they will only pay 40k minus reasonable depreciation.

Agreed value insurance for off road vehicles will be impossible to find. Keep us posted.
Click to expand...


They gave me a quote for an agreed value of $120k for $138 a month, off track though, which is way better than the insurance I have now that hasn’t been updated after all the mods.

Tomorrow I’ll find out if they can insure for non-timed track day events
 
WyldCFH said:
I can tell you the difference between Foremost Saver plan(no track day) and the Plus plan(track days included + some other stuff), is $200.00 USD per year for me and my RSV4 Factory... 200/year. If you are paying to Hagerty per event, maybe expensive over time, but for my road bike to have full coverage and covered for any track day I decide to participate in, and extra 200 per year is nothing.
Click to expand...

I would have thought the Foremost Plus would have been more. I may have to get a quote.
 
Steven31371 said:
They gave me a quote for an agreed value of $120k for $138 a month, off track though, which is way better than the insurance I have now that hasn’t been updated after all the mods.

Tomorrow I’ll find out if they can insure for non-timed track day events
Click to expand...

On a tangent, IMHO it would be better to keep your "special" for road use and get another V4 as a dedicated track bike. I see on Cycletrader quite a few under 20k and at that level with a few mods, still very rideable and you can afford to run it w/o insurance. For me, the fear of smearing 120k of beautiful carbon and alloy down the road would be a mental block.
 

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