Does motorcycle insurance cover track days

Motorcycle Track Day Insurance Coverage: Are You Covered?

Just like other vehicles, motorcycles also need to be covered with the appropriate insurance policy to cover the risks associated with driving them on the road. However, standard motorcycle insurance does not cover the damage caused while using your vehicle for recreational purposes such as track days.

If you are an avid track days enthusiast but also want to ensure that you are fully protected, you must know if your motorcycle insurance cover track days or if it’s excluded from your motorcycle insurance policy.

What Are Track Days?

Track days are meet-up events when motorcycle riders participate in races and other activities to exhibit their driving skills while pushing their vehicles to the maximum limit on a racetrack. These events are also a means for riders to break into the local pro or semi-pro circuit.

Does Standard Motorcycle Insurance Cover Track Days?

Motorcycle insurance typically covers risks that a rider may face while riding their bike on the road. Track day events include riding bikes at speeds that are not permissible on the roads and performing high-risk tricks.

Your insurance provider may not include track day coverage in your motorcycle insurance due to the extremely high level of risk involved in such events.

Read: Does Your Motorcycle Insurance Cover Medical Bills?

Importance of Track Day Insurance

However adept and dextrous your riding skills may be, you must ensure that you are protected in the event of an accident that is highly probable for track days where there are no speed limits and you undertake risks that you generally may not perform.

Having a track day coverage ensures that you are financially secure if you sustain injuries, cause bodily harm or property damage to others, or your motorcycle is damaged in a mishap.

Eligibility Criteria Needed to Buy Track Day Insurance

As a track day enthusiast, you need to separately buy track day insurance coverage in addition to the standard motorcycle insurance. However, there are a few criteria that you must fulfill to be eligible to get this coverage.

  • You must be a permanent U.S. resident
  • You must be registered with a licensed medical practitioner
  • You must be 69 years and below

Types of Coverage Available in Track Day Insurance

You must consult with your insurance provider to know about the types of coverage that track day insurance offers. Based on your unique requirement, you may buy the following coverages:

  • Medical costs

    It covers medical costs that you may incur during both domestic and international track day events. Depending on your need, you may buy coverage up to $10,000,000. Several insurers also provide search and rescue coverage limits of $50,000.

  • Additional coverage

    You can opt for additional extensions for extra protection for your international tours. These include delayed departures, accommodation costs, and travel disruption expenses. Additional expenses caused by natural disasters can also be added to the travel disruption coverage in your track day insurance.

  • Track day equipment costs

    A standard track day insurance offers $1,000 as equipment coverage with an extra $600 coverage for a single piece of equipment that is damaged in an accident. However, you may increase the coverage limit to $10,000 and buy $1,500 coverage for damage to a single piece of equipment if you feel the need to do so.

  • Travel expenses

    Depending on the frequency of your participation in track day events, you may buy a single-trip insurance coverage or a multi-trip coverage that will cover your travel costs.

How to Get Track Day Coverage?

Amateur bikers may buy customized track day insurance from their insurance provider. However, if you are a professional or a semi-pro biker, you may need an upgraded specialty motorcycle insurance policy.

There are two types of coverage:

  • Single-trip coverage

    This is cheaper than multi-trip coverage and is valid for six months

  • Multi-trip coverage

    This is available for a period of sixty days within which you can attend any number of track day events. You may have to pay higher premiums for this coverage.

The track day insurance coverage includes:

  • Medical expenses for your injuries
  • Third-party expenses for injuries and damage to property
  • Costs covering damage and theft of your vehicle

How to Claim Your Track Day Insurance?

In the event of an accident, you must immediately inform your insurer about the incident. You may need to submit the following to expedite the claim settlement process:

  • Contact number
  • Policy number
  • Details of the incident including photographs as proof

Ways to Reduce Track Day Premium Costs

Track day premiums may vary from one insurer to another. You must compare multiple insurance providers’ rates before selecting the right policy. Also, you must weigh the pros and cons of the type of coverage that best suits your needs.

Read: How To Get A Cheap Motorcycle Insurance Policy? 8 Smart Ways

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