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No the pic is not me
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Discussion Starter · #1 ·
This may sound like a stupid question to you who know, but I don't so I'm gonna ask it. Does insurance cover you if you total your bike on the track? I would figure that ICBC would give up quite a fight trying not to cover it, seeing as how you are racing and not street riding.
 

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Ride Solo
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You're in bit of a grey area here. A normal "track day"? No. If it's a performance riding course that takes place on a track? Maybe. Racing on a track? No way.

At least one member here had his bike covered after he was taken out at one of Pridmore's CLASS riding schools (no, he didn't lie about where it happened). But I think he had ING insurance through Megson-Fitzpatrick.
 

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Lightly seasoned...
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Standard ICBC insurance when you renew has a nice line on it thats states the vehicle will be used for 'normal' purposes and in situations such as racing the vehicle is unprotected... only the transit to and from would be covered, so if you bend it on the track you be hosed. Most pro/serious racers tend to get specific racing insurance packages which tend to cover personal injury and damage done BY you and the vehicle, as far as any protection for the race vehicle I'm not aware of any readily available or at least cost effective as its pretty much a given that a race car/bike will get messed somewhere along the line and insurers bet on not having to pay out settlements.
 

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ninja machinist
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nope they dont cover the bike afaik. Im pretty sure you sign a waiver or something stating that your insurance does not hold while on the track and that you do not hold the track responsible for misfortunes.

Something happen to you or are you just curious?
This is why I'm not too keen on hitting up a track day.
 

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Registered Abuser
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I don't know about icbc, but my private insurance doesn't cover anything when on the track.
 

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Premium Member
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This is why I'm not too keen on hitting up a track day.
Just buy some race-glass or previously scratched up fairings (+ consumables) for a few hundred and hit up the trackday. In all likelyhood the only damage you would suffer from a track crash would be scatched paint, and some bent levers/sliders. Compared to a street crash, it's not very likely that you'd tweak your frame or your forks or anything "important" like that...because it's not too likely you'd hit anything other than the tarmac/gravel on the track, compared to hitting anything and everything on the street. Of course, this is assuming you're at a reasonably safe track. Then you can re-sell those plastics and get most (if not all) of your money back once you're finished with trackriding, as long as you haven't totally destroyed them.

That's what I use to do when I was in university...couldn't afford both a tracktoy and a streetbike - and I needed some way to get myself to school but couldn't stay away from the track. So I would just swap everything over for a few weekends worth of trackdays throughout the summer - it would take me maybe 30-45 minutes (+ tyre change).

Do the trackday man, you won't regret it. :thumbup
 

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nope they dont cover the bike afaik. Im pretty sure you sign a waiver or something stating that your insurance does not hold while on the track and that you do not hold the track responsible for misfortunes.

Something happen to you or are you just curious?
what does afaik mean?
 

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The Wizard
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Just like harps said, you can get a full set of race glass for about $500 shipped on ebay, or but some crashed street plastic.

unless you highside or the bike starts to tumble (both unlikely in a trackday, raceday maybe) you will be fine with frame sliders and spare plastic.

Damage incurred will also be far less than the skyrocketing insurance rates for a crash anyways.
 

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The "word," from your ICBC policy, section 2 of the Insurance (Motor Vehicle) Act Regulations.

Application
2 (1) Unless otherwise provided in a special coverage form, the Act and this regulation do not apply in respect of
(a) a vehicle licensed under section 9 of the Motor Vehicle Act while the vehicle is being operated off a highway,

<deleted "remote control," stuff>

(f) a vehicle being used in a contest, show or race, or in advanced or performance driver training, if
(i) the activity is held or conducted on a track or other location temporarily or permanently closed to all other vehicle traffic, and
(ii) there exists an element of race or speed test,

<this is where I've deleted stuff with respect to amphibious water craft and snow machines>

(2) In subsection (1) (f), "element of race or speed test" means driving at high speed, and includes passing maneuvers, driving in close proximity to another vehicle or assessing vehicle limitations in speed, acceleration, turning or braking.
 

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Premium Member
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Damage incurred will also be far less than the skyrocketing insurance rates for a crash anyways.
Oh yeah, that was the other thing I was going to mention. Even if you were allowed to use your ICBC insurance, it would probably not be worth it. Pay your $300 deductible, then incur the legacy of increased rates for the next 4-5 years - which would likely end up costing you thousands.

That's why I don't get collision insurance for the street either...not worth the cost, after you figure out how cheap bikes are to fix yourself. But then again, I haven't ridden a bike worth more than $7,000 in quite a few years. If you've got a brand new $15,000 machine, it might be worth it (in case of a write-off).
 

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The Wizard
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Harps! I you need collision or else you aren't covered under hit&run!

So if someone knocks into your bike in a parking lot you are SOL since it's a vehicle collision hit and run and not vandalism (comprehensive)

That's what my insurance lady told me at least.
 

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Harps! I you need collision or else you aren't covered under hit&run!
Focker, you've been mis-informed.
Hit and Run, (Sec. 24 of the Insurance (Motor Vehicle) Act) which is actually an "unidentified motorist," does *not* require collision coverage. That same section of the Act allows for payment for property damage in addition to bodily injury.
The deductible for property damage for an Unidentified Motorist is $750 or your collision deductible, whichever is less.

So if your collision deductible is $300, then that's what it is. If you have no collision coverage, then the deductible if $750.

Go back to your insurance lady, and tell her to read the policy.

Oh, you might get her to look at Sec 24 of the Insurance (Motor Vehicle) Act for the wording of the policy, but the deductible amount is actually in the Regulations under the Insurace (Motor Vehicle)Act, Schedule 3, Section 9(2)
 

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~~the below paragraphs were written before michael's post above~~

Yeah, I guess that makes sense. But how much are you paying for collision? It's at least a couple hundred bucks, isn't it? And what are your expectations about hit & runs? I've been riding for over 5 years and it hasn't happened to me. Granted, my street riding has been very limited for the last 2-3 years.

C'mon, you're a CA aren't you? Do a cost benefit analysis with the appropriate assumptions about risk, and you can come to your own conclusion without listening to what the insurance lady says. However, being a bean counter I can understand why your risk tollerance may be fairly low. :D
 

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At least one member here had his bike covered after he was taken out at one of Pridmore's CLASS riding schools (no, he didn't lie about where it happened). But I think he had ING insurance through Megson-Fitzpatrick.
That was me, I was treated very fairly by Megson. My 5 month old BMW was written off, I took the check and bought a Honda. Financially that was the best thing that ever happened to me riding wise. I save literally thousands a year on service now that I do not ride a BMW.

I had checked on prior trips to Pridmore with Megson and had coverage confirmed before I went to the school

I was also aware that ICBC would not cover me for riding schools like Pridmore
 

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C'mon, you're a CA aren't you? Do a cost benefit analysis with the appropriate assumptions about risk, and you can come to your own conclusion
Good advice.

Collision coverage is good for a multitude of bad events.
Yes, it reduces (assuming you choose a low deductible) the deductible in the event of a "hit and run."
It also gets the insurer to collect from someone such as an out of province/state motorist that does you damage. It also covers you for towing and storage, which most people do not include when consider their risk assessment.
Ever crash in Arizona? Or have a regrettable event in a National Park? In the case of a park, the area has to be completely restored to its pre collision status, and yes, they are fanatical. That can be costly, but it's part of your collision claim.

It's only money, but 'cause it's money, it's important to do the math.
 

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it time snu-snu!!
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Michael, thank you for the info regarding to the insurance issues...... r u the long last brother of TeeTee? cheers
 
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