Add me to the list of people whose fan comes on at around 210F. For everyone who has their fan come on after they shut their bike off - really? I'm pretty sure when I shut my bike off (I shut my bike off by turning the ignition off with the key), the bike shuts off, fan and all.
And as someone else noted, the temperature continues to go up for a while because there is no coolant flowing through the engine to actually cool it. It looks like the water pump is mechanical (
BikeBandit picture), so no engine spinning would mean that the water pump isn't spinning either.
How are you shutting off your bike such that the fan turns on or continues to run?
Here's how a radiator works. Many other explanations as well; google is your friend