Dangerous Hobbies Life InsuranceThe facts about getting dangerous hobbies life insuranceDangerous hobbies life insurance can provide you with peace of mind and assurance that you are fully prepared for the risks involved. Most applications for dangerous hobbies life insurance or term life insurance are obtainable at standard insurance rates. Life insurance applications will require you to provide further details of your high-risk hobbies and if life insurance companies view the risks involved as excessive you may receive higher premiums on your dangerous hobbies life insurance.What does Dangerous hobbies life insurance cost?Before you can receive any life insurance quotes for your dangerous hobbies life insurance, life insurance companies will need further details. Some questions you may be asked during your dangerous hobbies life insurance application are: How much time do you spend on your dangerous hobby per year? What type of dangerous activities do you engage in (e.g. rock climbing, scuba diving, hang gliding, extreme sports)? Are you a member of any dangerous hobby organisations or clubs? What type of equipment do you use?Your premiums for Dangerous hobbies Life insurance will also depend on: Sum assured (£’s) Term of cover (years) Type of policy (e.g. Family, Mortgage, Whole of Life etc.)Dangerous hobbies life insurance rates/ratingsFor most people, dangerous hobbies life insurance will be obtainable at standard rates. If you regularly take part in very high-risk hobbies your dangerous hobbies life insurance rates be increased to reflect the risks involved. If you are not happy with your dangerous hobbies life insurance quotes it could be worth contacting different life insurance companies as insurance rates can vary wildly.Percentage (%) loading for Dangerous hobbies life insuranceIf life insurance companies believe the risks involved in your dangerous hobby require additional underwriting, percentage loading could be applied to your dangerous hobbies life insurance policy. Percentage loading will increase your monthly dangerous hobbies life insurance premium by a set percentage. Life insurance companies all have different guidelines, so some are better able to accommodate higher risk hobbies (e.g. 250%, 400%) at higher premium if necessary.EXAMPLE:Basic premium% loadingFinal premium£20.0050%£30.00£20.00100%£40.00£20.00150%£50.00£20.00200%£60.00£20.00250%£70.00Per mille loadings for Dangerous hobbies life insurance‘Per mille loading’ is often only applied to insurance cover in the most severe cases, as such it is unlikely ‘per mille loading’ will be applied to your dangerous hobbies life insurance policy. ‘Per mille loading’ will raise monthly premiums by a set amount (Often £1 or £2) per thousand £’s of cover applied for. This type of loading can be very flexible and life insurance companies can request it is added to a dangerous hobbies life insurance policy for a specified period.Exclusions for Dangerous hobbies life insurance, critical illness cover or income protectionIf the risks involved in your dangerous hobby require additional underwriting, life insurance companies may request a high-risk hobbies ‘exclusion’ is added to your dangerous hobbies life insurance. This ‘exclusion’ would make you unable to claim death benefits for any accidents or conditions that are related to your dangerous hobby. This could make your dangerous hobbies life insurance impractical, so it is important you check the wording of your policy closely before agreeing to any insurance cover with an ‘exclusion’. ‘Exclusions’ could also affect your eligibility for benefits like Total and Permanent Disability, Waiver of Premium and Guaranteed Insurability.How much cover do I need?We can’t tell you how much dangerous hobbies life insurance you should apply for without knowing your personal circumstances, but we can help guide you. Remember, you may find that you are offered higher premiums for your dangerous hobbies life insurance after underwriting and this could make your insurance cover less affordable.Dangerous hobbies life insurance amounts of cover The amount left to pay on your mortgage. Any outstanding debt (e.g. Loans, second charge, credit cards and other) Dependants Spouse or Partner Annual Income (after Tax) Any financial assets (e.g. car, house, business etc.)If you feel unsure or require more information to decide how much Dangerous hobbies life insurance you will require to secure your family and home, see our Iam Insured insurance calculator .Dangerous hobbies critical illness cover amountsWith a dangerous hobbies life insurance critical illness policy, you will receive a tax-free lump sum if you become unable to work. Critical illness insurance cover will vary for dangerous hobbies life insurance and you may need to seek out life insurance companies who specialise in dangerous activities. If your dangerous hobby is considered very high-risk you may have ‘exclusions’ added to your dangerous hobbies life insurance critical illness cover. When deciding how much critical illness cover you should apply for, consider: Your annual Income (after Tax) Mortgage/rental payments (annual) Cost of living (annual) Any other potential costs (e.g. medical treatment or adaptations)Dangerous hobbies income protection amounts of coverA dangerous hobbies life insurance income protection will provide monthly payments if you become unable to work. Like critical illness, this type of dangerous hobbies life insurance policy is usually attainable for people who engage in dangerous activities but may feature some ‘exclusions’. If you are sure income protection is the right sort of dangerous hobbies life insurance for you, think about these factors when deciding on an amount: Monthly income (after tax) Mortgage/rent payments Debts (other) Cost of livingWhich insurance companies offer Dangerous hobbies life insurance?Many life insurance companies can offer dangerous hobbies life insurance at standard insurance rates. If the risks involved in your dangerous hobby require additional underwriting, you may be quoted a higher premium or have ‘exclusions’ applied to your dangerous hobbies life insurance. If you are having difficulty finding the right insurance rates, you may benefit from contacting a dangerous hobbies life insurance specialist like Iam Insured.Iam Insured fully understand the risks involved in dangerous activities and can help you find insurance rates that work for you. Iam Insured are a dangerous hobbies life insurance specialist and registered in England and wales. To speak with one of expert advisors, contact our registered office now on or send us an email .Dangerous hobbies critical illness cover and income protection providersCritical illness cover and income protection insurance cover are often obtainable dangerous hobbies life insurance policies. If you engage in more high-risk hobbies, there may be some loading or ‘exclusions’ applied to your dangerous hobbies life insurance policies. You may need to seek out a dangerous hobbies life insurance specialist for the best insurance rates. If you are having trouble finding life insurance quotes that suit your needs, Iam Insured can help.