Does Life Insurance Cover Extreme Sports?
While extreme sports offer an unmatched, exhilarating rush of adrenaline unlike any other day-to-day hobby, there’s no denying the risks that are attached which can lead to complications when it comes to taking out a life insurance policy.
Many factors are taken into consideration when determining the cost of your life insurance for extreme sports, and whether you can be accepted for cover at all, but there are options available to you as someone who enjoys the odd skydive or a weekend of kiteboarding.
Life insurance and extreme sports in the UK
Thrill-seekers have enjoyed the sense of adventure that dangerous activities provide for many years and the popularity of extreme sports is only growing (thanks to the new-age adrenaline junkies who “do it for the gram”).
Here’s a list of extreme sports that insurers might be on the look-out for:
- BASE jumping
- Off-piste skiing
- Bungee jumping
- Hot air ballooning
- Rock climbing and mountaineering
- Racing (car, boat and motorbike)
- Hang gliding
- Piloting private planes
- Scuba diving
- Wingsuit flying
These sports can be differentiated from other regular sports like football, athletics, and tennis, which present a far lesser risk to a person’s life and are therefore not as important when it comes to getting life cover (although it is still important to declare lower-risk sports on application).
Jumping from aeroplanes and scuba diving in shark-infested waters isn’t what most would consider safe, so it’s understandable that, with some life insurance providers, you may be offered a higher premium rate than others or even refused cover if you participate in extreme sports.
Fear not (not that you fear much if you’re an extreme sportsperson), there are providers out there willing to provide you with life insurance that covers extreme sports, but bear in mind that each individual case varies.
Does life insurance cover extreme sports in the UK?
Unite Life is a life insurance broker, and we can work to find you a provider that covers certain extreme sports. However, the premium you pay will depend on various factors, including:
- The type of sport or activity
- The danger it presents
- Where it takes place
- Your level of experience and expertise
When applying for life cover, informing the provider about all of this is imperative, even if you fear that you will be rejected, because your insurance will become invalid if you fail to provide truthful and accurate answers to the questions asked within your application.
In some cases, the activity could be deemed low-risk (if it’s conducted in a professional environment, for example) and you might even be offered cover at a standard rate, but this is far from guaranteed.
Unite Life treats each policy on a case-by-case basis, so the only way to find out whether you can take out life insurance for extreme sports and how much it will cost you, is to get a free quote.
Our expert life insurance advisors are friendly, knowledgeable, and will always help you get the best and most affordable deal for your individual situation. Simply complete our short contact form or give us a call for more information – obligation-free.
What extreme sports are not covered by life insurance?
There is no set list of sports not covered by insurance, as each case varies and is treated individually in relation to a variety of factors.
If you ask for extreme sports insurance that covers a specified hobby, it should be mentioned within your policy’s terms, as should any exclusions.
Remember to fully understand what your insurance covers before you sign on the dotted line. As tedious as it is, read the small print and check for any exclusions so that any nasty surprises are avoided in the event of a claim.
Can you get life insurance if you skydive?
Yes, you can get cover if you skydive, but it’s worth noting that regular policies may not provide an adequate level of cover.
You may need to pay an additional premium to cover skydiving or any other specific activity, but at least then you know your policy will pay out and your loved ones will be financially covered if the worst should happen.
Some providers offer policies that contain exclusions and could refuse to pay out if you pass away as a result of a skydiving accident, but here at Unite Life, we will always be upfront and clear with you regarding what your life insurance covers and does not cover.
Life insurance for skydivers in the UK is unlikely to be as cheap as the same level of cover for someone who leads a less risky lifestyle, but we’ll do our best to provide you with the most affordable quote available.
Affordable life insurance for extreme sports at Unite Life
At Unite Life, all we ask is that you’re open and honest about your hobbies, including extreme sports, so that we can provide you with the fairest quote possible and a policy that will pay out should the worst happen.
Remember, if a provider offers you a cheap deal on your life insurance for extreme sports, it’s possible that the policy consists of certain exclusions and could end up being void if you should pass away as a result of a sport-related accident.
Such an occurrence would leave your family without the pay-out that you worked so hard to provide them with, so it’s important that you get the right level of insurance and ensure that all eventualities are covered, even if it means slightly higher premiums.
Each case is different, but what’s certain is that we will do our very best to provide you with a sufficient level of cover at the most affordable rate possible.
To get your free life insurance quote, or simply for a chat about your options, complete our short contact form or give us a call today using the Freephone number provided below.