personal experience: i "totalled" my sv a gratten a few years ago. i had progressive at the time and got, first my balls busted by Monte for crashing an sv, then compensated for my bike, helmet and leathers for my crash, from progressive. but, when talking to the adjuster he said, "so, you were racing around the track...", and i interrupted, "oh, no, sir. i was at an orgainzed track day working on my riding skills. there were instructors riding with me, etc, etc." my ins booklet stated the they did not cover timed events, competition and things of that sort. but, you should read, carefully, your ins booklet so as to be sure that you are covered the same way. they (ins co's) may have changed their verbage by now.