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5873
Joined
4/22/2009
Location
Rancho Cucamonga, CA, USA
I bought a bike on credit until I get my tax return. It needed to be insured so I thought I would use Geico ,you know, support the companies that support mx and sx. I payed up front for 1 years worth of insurance. They sent out a questionnaire about racing, track days and how many in a year. I guess I should not have answered truthfully since 5 weeks later I get a cancellation notice because the bike would be raced.
I called to see about a refund and to their credit,I was already refunded. I did let customer service know that I thought their policy was hypocritical given how involved they were in racing pointing out the investment in the Geico FC SX/MX teams as well as all the advertising they aim directly at racers. I guess it's back to State Farm, back then they didn't care if I was "racing for a 6 pack". Those were my agents exact words. So Geico is largely bullshit to me.
I called to see about a refund and to their credit,I was already refunded. I did let customer service know that I thought their policy was hypocritical given how involved they were in racing pointing out the investment in the Geico FC SX/MX teams as well as all the advertising they aim directly at racers. I guess it's back to State Farm, back then they didn't care if I was "racing for a 6 pack". Those were my agents exact words. So Geico is largely bullshit to me.
I whiskey throttled into a concrete barrier and mangled the front end pretty good. They must have really assessed it because they paid for everything except for the rear shock seals and a few other shock components?
They dropped me soon after, but she gave the agent shit because he knew I was gonna be racing it yet he didn't specify that wouldn't be insured. I think it had more to do with her treating to pull all the vehicles and house they had insured thru him. That was Farmers, I beleive.
Don't those policies usually jut cover theft anyway? Maybe some other damages involved with storage/transportation. So why do they care if it's being raced or ridden in the woods, they don't cover damages either way?
The Shop
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"Let’s face it, we would all love to take our sports cars around the track and really see what it, and you, could do. One reason most of us don’t do this is because our insurance does not cover us if we push just a bit over our ability. Well don’t let this stop you anymore, as the Corvette Museum offers track insurance for a reasonable price.
Back in October of 2015, an owner of a brand-new C7 Corvette went to the drag strip to have some fun. Well, as luck would have it, about half way down the 1/4 mile track he lost control and hit the cement barrier wall almost head on.
The damage from the crash was extensive and the fact that his brand-new Vette was almost a total loss wasn’t his only problem; his Geico insurance did not cover track events, so he would now have to pay to fix or replace the Vette himself. Faced with a cost of over $60k, he decided to lie to his insurance company about where the damage happened so they would cover the loss.
Everything went well for the owner and Geico paid him $61,465 to cover the loss. This was until Geico found a video of the accident on the internet; showing what really happened. It is not clear who posted the video, but one of the camera angles is from a GoPro mounted to the owner’s own car.
After Geico confronted the owner with this video, he immediately confessed to making the false claim and was charged with insurance fraud. A plea agreement was reached where the owner avoided jail time by repaying the entire $61,465 in addition to $1,560 in court costs, and two years’ supervised probation."
And by that I mean paying a claim. Agents are fucking clueless as to what is covered and not.
Only the underwriters and adjusters know what really is and isn't covered.
Keep in mind, it is their job to find a way to deny every and all claims.
For some reason someone reviewed your policy.
Otherwise had you had a claim.....guess what...denied.
Don't come on here and be one of those assholes that says "you knew what you were doing and should have blah blah blah." I'm saying that I filled things out properly....or....my wife did. I'm not claiming to be a victim or anything like that. I'm just saying....make sure they know you are collecting money if you are racing for a purse. They will pay without too much of a question until you get into the really high dollar amount. Then...they will not pay and you will have to fight them. It's a business and they need to make money so if "A" doesn't equal "C" then "B." Just be careful and always gas up before a long Moto.
Most health insurance policies exclude any kind of extreme sports.
For money or not.
Your broker or agent probably doesnt really know what is and isnt covered.
However, the adjuster that pays the bills....can be your friend or enemy.
THEY know the fine print nobody reads.
Do you think an agent gives two shits if you're covered when you have an accident? No.
This is where health insurance is a fail. Canada doesnt have these problems.
Insurances #1 job is to deny payment. They can and will aggressively always look for that one thing to deny payment.
hopefully I never need to see how they handle it.
In any event all I wanted was theft ins. The lender wanted theft and collision. Aside from an earlier post, I've never heard of anyone filing on a racing incident. Don't we just go home and start prepping for next week?
They are pretty much banking on the fact that the institution that governs insurance will not act quick enough to keep your credit from falling to shit.
The people that wind up getting fucked? The doctors, nurses, and emt that deserve to get paid. The ones that save your ass wind up having to settle. 30% of what they should have gotten and they were satisfied enough to settle. They know the alternative is that the injured person will file medical bankruptcy. Medical bankruptcy is not even close to the same as regular bankruptcy. You can still get a freaking car loan/ house loan after filing medical,bankrupcy.
My wife just filled me in to the changes. This is due to Obamacare and I'm not trying to get political rather correct my earlier post. Things are different and I was unaware
Pit Row
If I were to add a natural gas heater to my garage, botch it, and blow up the structure...my insurance would pay. You see, part of insuring a person is also insuring against their stupidity. Same if I were to hit your house while DUI, they will still pay you for me being an idiot.
Some times when you get hurt, you need to remember that it happened going down the steps too quickly. If you get hurt badly enough to need an ambulance, you were trail riding for pleasure. If you get picked up at a track, it was part of your exercise routine.
*these are of course hypothetical views and anecdotal replies that I've heard around the track. *
Ideally if possible with an injury you can make it home and go to ER later. In that case, then you fell down the stairs. You tripped in back yard, etc.
In this day and age with social media you shouldn't post pictures of you on a motorcycle. Insurance is notorious for doing research and looking at people's social media accounts.
Cover your tracks.... that's what I would do now a days.
They want a form that has your signature and a box checked "no, I won't be racing this vehicle" so that if you try to file a claim in a racing incident they won't have to pay it. Insuring a dirt bike is a tacit arrangement that they'll cover fire and theft or transportation incidences and you won't ask them to buy you new radiators when you crash. You probably paid $15-20 bucks a month for this reason. If they insured against racing incidences that would be in the hundreds of dollars a month and they'd end up with an insurance pool so fucked up with adverse selection that they'd be out of business before the outdoors started.
At the end of the day insurance--like anything else in business is designed to be profitable. The product wouldn't be sold if a company couldn't make money by betting against your exposure. Any risk, no matter the line of business will be declined if racing is involved. I can't write a life insurance policy on someone who races motocross but guess what, I've got a ton of life insurance.
You gotta look out for yourself.
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