What You Need to Understand About Your Track Day Insurance Policy

As an avid biker, don’t you like to go racing with your friends? Track days provide an excellent opportunity for bikers to improve their riding skills. It also helps you understand how your equipment performs.

Most motorcycle insurance policies don’t cover your bike when you use them on track days, but that doesn’t mean you don’t need coverage. Accidents often come uninvited.

Importance of Motorcycle Track Day Insurance

Most people need to determine whether their regular motorcycle insurance covers track days. In most cases, they don’t.

Since motorcycle tracks have no speed limits, you tend to push the bike’s limit to the fullest. You may ride at speeds that are usually illegal on the streets.

For example, one of the fastest bikes, the Honda Fireblade, has a maximum speed of 178 mph. This design makes track riding risky. Insurance companies don’t cover accidents at a track with a standard policy for this reason.

However, you can still get track-day insurance. Although this is not a mandatory policy, you should get one to protect yourself from unforeseen incidents. The premium is slightly higher than regular motorcycle insurance, but it doesn’t exceed the price of your life.

Who Is Eligible for Track-Day Insurance?

Riders 69 or younger can access motorcycle track day insurance at most carriers. You must be a permanent US resident to become eligible for this type of insurance. Additional state regulations might apply in some circumstances.

What Medical Expenses Are Covered?

Depending on your chosen insurance policy, your medical and insurance coverage can go up to $10,000,000. Accidents outside the United States often require additional coverage, so the policy amount varies based on where you compete.

It would be best to compare the amounts from different insurance companies before choosing a plan.

Some track day policies include a provision for search and rescue costs. If this option is necessary, you’ll want to have it as part of your insurance quote.

Is Travel Insurance Included with Motorcycle Track Day Coverage?

With most track day policies, you can extend your coverage in case of international incidents.

Some additional extensions cover delayed departures, accommodation expenses, and travel disruptions. Natural disasters also come under travel disruptions.

Claims are handled through the insurer’s policies and procedures.

You should choose the multi-trip policy if you go for multiple outings. It will cover motorcycle track day insurance for 60 days after confirming it. You may go on as many track days as you want within that period.

Is There Track Day Equipment Insurance?

Many riders carry specialist activity equipment on track day rides. In case of accidents, they may damage this valuable equipment. Most policies cover up to $1,000 for the rider.

You also receive coverage for parts and equipment due to accidents or collisions. Consider any customizations or OEM needs to ensure your policy covers the worst-case scenario.

How to File a Claim with Track Day Insurance?

Most insurers let you call or email to notify them about an incident. The claims process varies in different companies, but it should be outlined in your policy.

You might need the following details to speed up the claims process.

• Your contact and an emergency contact number.
• Your policy number.
• Details of the claim.
• Relevant photos.

It is essential to produce photos of the accident as proof. This action helps avoid complications when you want to claim money from the insurance company. It is tough to take pictures after an accident. However, some insurance companies prefer to look at what happened.

Insurance Companies Offering Track-Day Insurance

Major motorcycle companies don’t typically offer track day insurance. If you only compete in one event each year, it’s likely the organizer’s access to coverage is enough to cover your needs.

When you need something that covers specialty events, travel, and possible medical needs, a policy from a specialty carrier is your best choice. 

Here are some examples for your consideration.

• American Specialty. This insurer offers extensive coverage options for riders, including single and multi-day events. You can design a policy that includes medical expenses, equipment, and international competitions.
• Hagerty. You can include limited trailer and paddock coverage with a policy from this provider that includes the time it is in transit, at the shop, or threatened by fire or flood. Read Hagerty’s review.
• RLI. This carrier offers convenient and affordable track day coverage, but racing policies are unavailable. You do have the option for competitive time trial events. 

A standard policy won’t cover your track day activities unless the event is associated with a school and considered untimed. Working with these insurers will ensure you receive your desired protection.

How to Reduce Premium Costs?

Premium costs in the USA are relatively high for motorcycle track day insurance. Comparing the estimates from different companies against the premium is best before choosing one of the policies.

You can downgrade your insurance to a single-trip policy if you are on a multi-trip package.

If you go on track days once or twice a year, there’s no need to pay an extra premium for multi-trips, especially when they last for 60 days. A single-trip policy is cost-effective and has a longer duration.

Choose a policy according to how often you take your bike on track days. It will save a lot of money in the long run.

FAQ About Motorcycle Track Day Insurance

Some questions arise as you start looking at the best track day policies for motorcycle competitions. Here are some examples.