I heard a rumor that Mike Himmelsbach's truck fliped over on I95 inroute to daytona. Everything in the truck and trailer was a total loss, bikes, tools, gear, you name it it was all over I95. Just wondering if anyone had any news on this, and if everyone was ok.
Here's the link to the RRW story
http://www.roadracingworld.com/news/article/?article=22149
I26 is about 30 miles from where I live, and we have had some seriously gusty wind off and on for the last week or so. Glad to see everyone was ok, but I feel bad for the tree. I don't think it saw it coming.
Oh ok thanks for the link. I over heard someone talking and they said I95, but the story clears it all up. Good thing everyone was ok, too bad about everything else.
God, what a nightmare. You know that the bikes weren't insured, and it will be hard to get the insurance company to cover anything more than the truck itself. That's a serious setback for anyone to have to suffer. I've often thought about how much money is packed into my little trailer. If it were stolen or destroyed, I'd be out of the game for good, and there's really no way to insure all that stuff.
Yeah, I also wondered about the same situation. :-/
i checked with my insurance when we bought our trailer.. as long as it's hooked to the truck it's covered. if it's not the my homeowners ins. covers it. our agent just told us to take pictures or video of what we put inside for proof it was there. and we even asked about the bikes since the wife's is a track only w/ no insurance of it's own. ... everything inside is covered minus the deductable. we even lowered our deductable to make sure it dosn't set us back too far.
Wow... that TOTALLY sucks, to bin your whole show without even getting to the track.
Thank God (literally) everyone was okay.
Quotei checked with my insurance when we bought our trailer.. as long as it's hooked to the truck it's covered. if it's not the my homeowners ins. covers it. our agent just told us to take pictures or video of what we put inside for proof it was there. and we even asked about the bikes since the wife's is a track only w/ no insurance of it's own. ... everything inside is covered minus the deductable. we even lowered our deductable to make sure it dosn't set us back too far.
have you double checked that ., I was rearended an the guy had no insurance., i figure no problem as i had asked the same thing before hand about the trailer., the only thing that is covered is if you hit someone else with the trailer., not the trailer or the contents., and i had full coverage on the truck., >:(
so i now have a separate policy to cover the trailer for collision and the contents., it was only $55 for a year., i was so pissed at my insurance guys ., if they had told me i needed it for $55 i would have got it in a heart beat .,
so anyone and every one., check with them again.,
my homeowners would not even cover it., when it came time to fess up..
dave
Old topic... I spent literally months battling with my insurance company to cover the racebike. They simply won't do it. They will cover all my dirt bikes, but they have to be insured as vehicles. In the end, I sit with a lot of uninsured bikes... :-/
you should be able to insure the race bikes., as a vehicle ?!!? just like if you had it on the street .,. may cost more though..
just do not say racebike..,
Quoteyou should be able to insure the race bikes., as a vehicle ?!!? just like if you had it on the street .,. may cost more though..
just do not say racebike..,
Well, sure.. however, when they find out that it is a racebike (which is a HIGH possibility in my case), I end up getting nailed for insurance fraud.
They specifically ask if it will be used for racing.
Could you insure it under a business clause, not for collision or crash damage, but in case of theft? I'd check around on that.
QuoteThey specifically ask if it will be used for racing.
Is it different if you just use it for track days?
There is a company (I believe it's Ace Insurance Services) that will insure your racebikes, your tools, your trailer... everything. The only thing they don't cover is on-track damage.
Problem is, it's not inexpensive.
QuoteIs it different if you just use it for track days?
Talk to your insurance company. Mine would cover me for "non-competition training events".
SOme do, some dont. Can even vary from region to region with the same company. YOu have to ask your agent. Anything in my trailer is convered by the trailers insurance and the trucks insurance. Then again, my insurance is set up to cover me with anthing I drive from a $500 clunker to a $1.5mil Mclaren F1. ;D Gotta work with your agent. ;D
Most insurance companies define racing as a "timed event." Roadracing is timed. Drag strip is timed. Those events generally aren't covered.
A track day or school isn't a timed competition, and therefore, is usually ok (check with your ins. co. to be sure.) I know one guy who totalled his Mustang out at a track day at Road America (lost it in the kink... oops!) Since it was a track day, they covered it. They also promptly dropped him at the next renewal date.
I have my R6 fully insured - though I'd never make a claim against it unless it was stolen. I turned my bike into a small little ball at VIR last year, and it was still cheaper for me to fix it out of my pocket (thanks ebay!) than it'd be for me to have the insurance co do it and then jack my rates.
QuoteWell, sure.. however, when they find out that it is a racebike (which is a HIGH possibility in my case), I end up getting nailed for insurance fraud.
They specifically ask if it will be used for racing.
then nothing you can do there.,
i was more thinking for theft.,
Glad Mike and the gang are OK - tough break, but I don't expect Mike to take this lying down - he'll be back.
I've seen insurance work a number of ways. Here's one that might work.
If your racing entity is incorporated as a marketing corporation - one that provides advertising tangibles for paying clients, then the bike and everything connected with racing can be considered business tools. These can possibly be insured this way. There are more details than that, but that's all I'll offer here.
Also, remember - insurance companies make money by not paying out. They are one of the most profitable industries in this country. There are a multitude of instructions, policies and procedures that issuers follow to keep this true. There is a craft to collecting enough money to remain profitable, but clausing out or 'failing to mention' things like a $55 premium that would prevent such a huge loss to the company. Have no fear of bearing down on your carrier - present them with 'what if' scenarios to explore what would and would not be covered in 'hypothetical' situations. As much as I hate insurance companies, I hold the belief that it's better to pay them up front and to make sure that each party understands what 'the deal' is.
Here ends the reading ...