Hey guys and gals,
I'm interested in getting comprehensive (theft, vandalism, acts of God) coverage on my race-only bike.
It's quite an expensive peice of metal to have uninsured... and if somebody were to break in to my garage and walk off with it, I'd be out of luck.
I did a search on this forum and came up with ACE Insurance in Alabama - but from a 5 year old post... a lot has changed since then.
Anybody else have comprehensive nsurance on thier race bike? Point me in the correct direction.
Bike has an MSO (manufacturers certificate of origin), bill of sale - but nobody has submitted the MSO for a DMV title.
Murf,
I'm in the same boat. I checked with my insurance agent (State Farm) and they told me that they could not insure the bike for just theft, etc....that it was a "all or nothing" type of deal. I would also be very interested in getting info on this type of insurance for my bike.
Thanks for the post....I am hoping someone knows of a place.
I insured mine when I bought it... just as I would a street bike, cuz thats what it was when I bought it. Kept full coverage on it ever since... Ive insured every bike Ive owned with state farm. I think I pay in the neighborhood if $25 a month... give or take
I checked recently with Progressive for similar coverage, and it was the same story. They said that they had to include liability with any motorcycle policy they wrote, regardless of whether or not the bike was registered for street use. They told me that they were unaware of any company that would provide only comprehensive coverage on motorcycles. If you find anything, though, please let me know.
Quote from: tstruyk on June 02, 2009, 11:01:23 AM
I insured mine when I bought it... just as I would a street bike, cuz thats what it was when I bought it. Kept full coverage on it ever since...
mooooohahahahahaha............. :biggrin:
I'm not 100% sure but I believe that if the bike is in your garage and it gets stolen then it should be covered under your home owners policy. That being said it dosen't do much for you if it is stolen from a trailer or at the track. I also have only been wrong once in my life so this might be the second time ::)
Quote from: tterrag on June 02, 2009, 03:24:27 PM
I'm not 100% sure but I believe that if the bike is in your garage and it gets stolen then it should be covered under your home owners policy. That being said it dosen't do much for you if it is stolen from a trailer or at the track. I also have only been wrong once in my life so this might be the second time ::)
I'vd had 3 different home insurance company's over the years and moves. None would cover a vehicle that COULD be used on the hyway, even if you made it so it can't, still no joy.
Yep! If it has a vin number and can be registered it does not get covered by home owners. Even if it's not registered....disassembled......in your garage.......and the garage burns.........NOT covered!
Damn, Now my record is busted - I've been wrong for a second time in my life... SHHHH... Just don't tell my wife. :biggrin:
Quote from: Boober on June 02, 2009, 05:08:13 PM
Yep! If it has a vin number and can be registered it does not get covered by home owners. Even if it's not registered....disassembled......in your garage.......and the garage burns.........NOT covered!
The solution is obvious, race a real race bike.
Quote from: tzracer on June 02, 2009, 06:13:58 PM
The solution is obvious, race a real race bike.
(https://www.ccsforum.com/proxy.php?request=http%3A%2F%2Fwww.diseno-art.com%2Fimages%2FBuell_XBRR.jpg&hash=b61d27ec624f1e9e300469c78ac5010f6e19d3b2)
??
Quote from: tzracer on June 02, 2009, 06:13:58 PM
The solution is obvious, race a real race bike.
Brian, I've looked into this too and I don't think they'll cover even your bike. State Farm told me if it was a vehicle they would not cover it unless you did it like stated above, liability as though driven on the highway.
Quote from: backMARKr on June 02, 2009, 01:03:59 PM
mooooohahahahahaha............. :biggrin:
at least pull the goodies off it first! I doubt state farm is really interested in giving me replacement value on the 25mm kits... er, i mean, the superbike forks!!! :biggrin:
Quote from: tstruyk on June 02, 2009, 10:07:12 PM
at least pull the goodies off it first! I doubt state farm is really interested in giving me replacement value on the 25mm kits... er, i mean, the superbike forks!!! :biggrin:
R6...don't no NOTHIN bout no stinkin' R6!!!
sounds like were gettin the big motor and the slipper sooner than we thought! 8)
I have state farm and had full coverage on my race only bike until I wanted to use it when i crashed. They wouldn't cover it because it was on a track, even tho it wasn't in a race. So I took that part of the insurance off and just kept the insurance on it that would cover it if it was stolen, in a fire or fell over. They said they will cover that portion of it... we will see if anything does happen to it. For that it's like $10- 15 bucks a month I'm guessing since full coverage was like $22 for an 03 R6.
Quote from: Super Dave on June 02, 2009, 06:17:25 PM
(https://www.ccsforum.com/proxy.php?request=http%3A%2F%2Fwww.diseno-art.com%2Fimages%2FBuell_XBRR.jpg&hash=b61d27ec624f1e9e300469c78ac5010f6e19d3b2)
??
More like this
(https://www.ccsforum.com/proxy.php?request=http%3A%2F%2Fwww.dukeofperthracing.com%2Fimages%2Ftz250-125_800.jpg&hash=0566b25f0779f1cb02ca6ed34c567b8974b4fc0b)
Homeowners policies only cover ehicles that are used for maintenance of the property.
This was PM'd to me:
http://www.aceinsuranceservices.com/p03.cyclepage.html
I guess ACE is still the way to go...
I registered mine like a regular street bike. I did title mine, just never plated it. my agent told me they cant not insure a race/track only bike but if it is titled in my name i could as a regular street bike so that what i did.
And timmay if anyone stoled your frm your garage wouldnt they be just carring box of usless parts out covered in dust from the 3 year build :biggrin: :biggrin: