Homeowners covered my bicycle when I drove over it with my truck :wtfru:

FYI.... State farm makes you have a separate policy for anything with a motor and wheels.

If you have a race car, 4 wheeler, or race bike that does not see the road they have to have a separate policy or they're not covered under homeowners.

I would never claim a crash on the track unless it was a street bike. If it's a track-only bike, I don't agree with claiming it because it just drives up costs for everyone. The purpose of giving you a break on "educational events" is so that you gain more experience so you're safer on the street. But if you're not riding on the street anymore, nobody benefits from your increased skill. I guess you could argue that you're making yourself a better track rider, but that's not what the company had in mind. On the track you're deliberately pressing your limits all the time, whereas on the street you might only do that 5-10% of the time. Big difference.

You insure a track bike in the event of a fire, flood or theft....not due to crash

Right but some people decide to drop out of street riding and convert their bike to track-only, while still keeping the same coverage on it. And then they claim cash damage on it. Not too big of a deal really, but I don't agree with it.