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Common Exclusions to policy coverage
Our policy is similar, it states that "This policy does not cover bodily injury, property damage, or comprehensive or collision loss:.....
6. when your insured vehicle is: A) used in any unlawful trade or transportation; b) used for a commercial purpose; c) being operated in or planning for any: a) race; 2) Speed Contest; 3) hill-climbing contest; or 4) perfomance contest of any kind.
This is common language which all companies base their language on. Remember, the company is agreeing to accept a transfer of financial risk from us where they stand to lose big money in exchange for a small premium. There's all kinds of math equations behind different things and what "risk factors" they carry. When you're looking to do something like track days or iron butt marathons, they substantially increase the risk... which we don't pay premiums for and they don't intend to pay out claims for.
Like anything there are creative people who have figured out how manage this policy exclusion. Chances are if you're doing these events someone can help to take you through the pitfalls.
Ride well.
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