Motorcycle Racing Insurance - What Do You Need to Know?
If you are a motorcyclist, you probably already know about the
hundred and one things that are necessary to the responsible ownership
of a motorcycle. If you end up racing your motorcycle, however,
things might not be as clear. When trying to get a motorcycle that
is meant for racing insured, there are several things that you
need to keep in mind, and but luckily it is all relatively clear
cut and straightforward.
If you have observed motorcycle racing, you will see right away
that this is a sport that requires a great deal of skill and dexterity,
as well as a lot of experience on the motorcycle itself. You will
also see that while every precaution should be taken, that there
is a great deal of risk involved and the damage can occur both
to your body and that of your bike. While this is better off avoided
if possible, it is always better to make sure that any spills that
you take are covered and that any damage you do can be paid for.
You should also keep in mind that while a minimum of insurance
is required by law, the minimum goes to anyone else hurt in an
accident, not yourself.
If you have aspirations of motorcycle racing, you will want to
make sure that your collision insurance is very good. If possible,
make sure you get full coverage and if there is a question, you
may be better off insuring it than not. Remember that in motorcycle
racing you are not doing what is considered normal usage. You are
putting a lot of wear and tear onto your machine and if you want
this machine to be around for a while, you will want to make sure
that you'll be able to pay for any parts that it might need.
Another thing that you will want to keep in mind is that a racing
motorcycle will be vulnerable to things that a motorcycle ridden
only for pleasure would not be. Policies meant to cover racing
and competition motorcycles will not only guard from normal losses,
but also from things like loss due to fire or trailer theft. Consider
getting all-perils physical damage coverage, coverage that will
extend to times when the motorcycle is stored and transported between
events. Especially if you participate in team events, remember
that your needs will be different from what is required for people
who are only using one motorcycle for recreational purposes.
One of the advantages of motorcycle competition machines, though,
is that you are able to take advantage of things like discounts
and bargains. For a lot of places, if there are multiple machines
signed under the same policy, the overall price goes down. Similarly,
you can still take advantage of deals that will reward you for
things like going to free DMV motorcycle safety classes.
If you race motorcycles or own motorcycles
that are meant for racing, you will want to remember that motorcycle
racing can be risky. To protect yourself, your investment, and
the people you ride with, a decent motorcycle insurance is a