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Author Topic: Insurance Coverage?  (Read 1019 times)

Offline jjckflsh

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Insurance Coverage?
« on: March 10, 2017, 01:36:09 PM »
Hi,
Does anybody know where you can get race event insurance?  I was going to enter the July Loring Speed Trials but the wife pointed out to me that my life insurance has a get out of paying clause if you participate in racing or speed contests.  So, I was wondering about paying for supplemental insurance.  Been asking a lot of people but, no info.

Thanks for your help

Online Nosgsx1300

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Re: Insurance Coverage?
« Reply #1 on: March 11, 2017, 02:46:04 AM »
So don't die
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Offline 1 wheel peel

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Re: Insurance Coverage?
« Reply #2 on: March 16, 2017, 09:42:37 AM »
Check with the event organizers.  I know Tx Mile works with like care flight insurance coverage for the event for individuals who want to purchase it.  Don't know of anyone doing life ins though.  I just took Nosgsx's advice and didn't die.

Online Stainless1

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Re: Insurance Coverage?
« Reply #3 on: March 16, 2017, 08:11:53 PM »
So don't die

Yep, it will piss off the event organizers if you do...
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Offline RansomT

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Re: Insurance Coverage?
« Reply #4 on: March 16, 2017, 09:01:32 PM »
I've had my life insurance policy for a long time, 35 year term.  No where does it say anything about not getting benefits due to "non-professional" racing.  It did ask if I raced motorsports on the application, and I didn't 22 years ago. 
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Offline firemanjim

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Re: Insurance Coverage?
« Reply #5 on: March 16, 2017, 11:25:27 PM »
Not a race per se--- Speed Trials---
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Offline osti33

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Re: Insurance Coverage?
« Reply #6 on: March 19, 2017, 07:59:18 AM »
Hi,
Does anybody know where you can get race event insurance?  I was going to enter the July Loring Speed Trials but the wife pointed out to me that my life insurance has a get out of paying clause if you participate in racing or speed contests.  So, I was wondering about paying for supplemental insurance.  Been asking a lot of people but, no info.

Thanks for your help

Almost all life insurance policies  are written this way... Unless you race for a living(which as far as I know none of us do) all of the racing/speed trials we do is considered amateur/non-professional racing as far as your life insurance company is concerned.

Again, most(maybe not all) insurance companies will word it in a way that says if you are killed in an amateur racing/speed trial event as far as they are concerned it is suicide. If you read your policy I promise you that suicide isn't covered.

YMMV but I would strongly suggest getting a separate policy if you want coverage for racing.
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Offline osti33

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Re: Insurance Coverage?
« Reply #7 on: March 19, 2017, 08:03:21 AM »
It did ask if I raced motorsports on the application, and I didn't 22 years ago.

Ransom,

Did you ever wonder why they asked you that question?  :wink:

Your spouse, kids, whomever is the beneficiary might have a hard time collecting on that policy in the unfortunate event that something did happen to you. Maybe they wouldn't? It might be worth looking into.
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Online Nosgsx1300

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Re: Insurance Coverage?
« Reply #8 on: March 20, 2017, 03:08:06 AM »
If you are really that worried about it
call your insurance company, I am sure they will sell you coverage specific for race day

MOST insurance company's will try to get out of paying,  and remember, they are not the ones who are waiting to pay debts with the money, they can wait indefinite
only way to make SURE you are covered is to call them and ask.  maybe even have them fax something over

 
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Offline Got-Busa?

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Re: Insurance Coverage?
« Reply #9 on: March 29, 2017, 08:24:00 PM »
Hi,
Does anybody know where you can get race event insurance?  I was going to enter the July Loring Speed Trials but the wife pointed out to me that my life insurance has a get out of paying clause if you participate in racing or speed contests.  So, I was wondering about paying for supplemental insurance.  Been asking a lot of people but, no info.

Thanks for your help

Almost all life insurance policies  are written this way... Unless you race for a living(which as far as I know none of us do) all of the racing/speed trials we do is considered amateur/non-professional racing as far as your life insurance company is concerned.

YMMV but I would strongly suggest getting a separate policy if you want coverage for racing.

This is what mine is listed under.  It says do you race or compete for a living and I don't.  I specifically told them I'd do time trials a couple times a year and it had little to no change in my policy or coverage cost.  My physical and job put me in the same category so I didn't really save me anything anyways. ;)
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Offline KZScott

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Re: Insurance Coverage?
« Reply #10 on: June 18, 2017, 04:19:33 PM »
this is something i should really look into....
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Offline KZScott

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Re: Insurance Coverage?
« Reply #11 on: July 04, 2017, 09:17:57 PM »
well I got declined by a company after an interview, who woulda guessed that lol. have to keep trying...
01 ZX-12R 8.84 @ 156.3 on dot tires, pump gas, NO power adders.... turbo 8.47 @ 164
00 ZX-12R 8.62 @ 165.2 no bars, slicks, Pump Gas, 55 shot... turbo 8.32 @ 173
00 ZX-12R  1: 222.046 1.5: 226.390 Loring AFB Worlds Fastest NA Kawasaki
00 ZX-12R street turbo 1: 227.9 1.5: 234.1 Loring AFB
00 ZX-12R LSR turbo 1: 263.1  1.5: 266.5 Loring AFB Worlds fastest ZX-12R
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Offline Oz Booster

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Re: Insurance Coverage?
« Reply #12 on: July 05, 2017, 03:48:48 AM »
And yet i get insured under my travel insurance when at events in the US, as long as its single vehicle time trials  , it comes under the same cover as hiring a big capacity bike which they call the adventure pack
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Online FlaminRoo

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Re: Insurance Coverage?
« Reply #13 on: July 06, 2017, 03:30:46 PM »
And who's that Greg ?,, maybe thay have an affiliate company in the US  :D
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Offline Oz Booster

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Re: Insurance Coverage?
« Reply #14 on: July 06, 2017, 04:53:49 PM »
Ronnie it was initially done through Louise that you put me onto in 08 as travel agent for our first trip , but she has moved on now so this yr i contacted the company that backed Travel Managers which was Allianz , explained what we do and that i was also going to be adventure bike riding in Bolivia , yep no worries
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