Life Insurance For Motorcyclists
The Facts about life insurance for Motorbike Riders
iam|INSURED is one of the UK’s fastest growing and most exciting insurance experts and we specialise in finding cover for people who are classed as higher risk, including life insurance for Motorcyclists. The majority of our team of directors are Motorcyclists and we are passionate about helping our fellow motorcyclists to find the best life insurance cover to protect themselves, their families and their homes. Our team of expert advisors will search the whole insurance market to find the best cover and lowest life insurance for motorcyclist premiums based on your needs.
Why use iam|INSURED?
We absolutely believe that the work that we do helps to make sure that our customers families futures are protected regardless of what happens to them. Our team of experts has worked in the Motorbike industry so we know exactly what you need to make sure that provide you with the best life insurance and health insurance for Motorcyclists. We offer:
- Price Match Promise
- FREE expert advice
- Whole of Market
- Dedicated team of expert advisors
For more information about life insurance for Motorcyclists you can contact iam|INSURED on 01244 732890 or complete our form.
How much does life insurance for Motorcyclists cost?
When you apply for life insurance for Motorcyclists you will be subject to underwriting which can either be automatic or can be manual, which means that it will be reviewed by an underwriter. Some of the main points that will have an impact on your life insurance for motorcyclists premiums include:
- How often do you ride your motorbike
- What CC (engine capacity) motorbike do you ride
- Do you take part in track days
- Are you a professional/semi-professional motorcyclist
- Have you had any accidents/injuries recently
If you need more information or FREE advice to get a life insurance for motorcyclists quote then you can call 01244 732890 or complete our form.
Life Insurance for motorcyclist premiums:
The key factors that will determine how much you will pay for life insurance for motorcyclists include:
- Sum assured (£’s)
- Length of cover (years)
- Type of cover (e.g. Family, Mortgage, Critical Illness, Income Protection etc.)
Life insurance for motorcyclists rates
It is usually the case that life insurance for motorcyclists is accepted at ‘standard rates’ which is the same premium as someone with no additional risk factors so you shouldn’t have to pay more for cover. Life insurance for motorcyclists is potentially more important than life insurance for someone who doesn’t ride a motorbike because of the additional risks related to motorcycle riding.
Protecting your family, home and business should be top of the list for someone who is at risk of accident or injury which could affect their income. Life insurance for motorcyclists can cover you for all sorts of eventualities and premiums can vary depending on your health and your occupations.
Some of the key areas of underwriting for life insurance for motorcyclists:
- Smoker status (have you smoked in the last 12 months)
- BMI (Height and Weight)
- Health and Lifestyle
- Medical history
- Family medical history
Life insurance for motorcyclists percentage loadings
It is likely that if your application for life insurance for motorcyclists is considered to be higher risk then your premium could increase. The amount that your premium will increase will depend on how high the ‘percentage loading’ is that is applied and the insurance provider that you apply to (depending on underwriting terms). The size of the % loading will depend on your activities, health, occupation and any other special risk factors that are disclosed through the application process.
Some insurance providers are much more favourable when applying for life insurance for motorcyclists than others and our team of experts will only apply to the best insurers for you. iam|INSURED knows which insurance companies are the best for life insurance for motorcyclists which is how we know where to get the best cover and the lowest premiums for you.
Life insurance for motorcyclists exclusions with critical illness cover and income protection
It is sometimes possible that there may be instances where your cover for life insurance for motorcyclists may come with exclusions based on your sport, lifestyle or health. Generally the policies where exclusions may be applied are critical illness cover for motorcyclists or income protection for motorcyclists. Some of the main exclusions which might be applied to a life insurance for motorcyclist policy may include:
- Total and Permanent Disability
- Waiver of Premium
- Guaranteed insurability
- Motorbike racing (Track/Events)
Life insurance for motorcyclists cover will depend on your motorcycling activities and your health or lifestyle.
Life insurance for motorcyclists FAQ’s
How much cover do I need?
There are several points to consider when thinking about how much life insurance for motorcyclists that you need which include:
- Mortgage amount/Rent
- Outstanding debts
- Dependants (Ages)
The level of cover you need can also depend on how much you can afford to pay as much as how much cover you need. Your advisor will be able to tell you how much life insurance for motorcyclists costs for you to protect your family, home or business.
How long should I take cover out for?
It is possible to get cover up to age 90 for life insurance (this will vary for critical illness cover and income protection) with some insurance companies and you should consider the things that are important to you before you choose the term of your policy. Some of the main things that can determine your life insurance for motorcyclist policy term can include:
- Estimated retirement age
- Age of dependants
- Amount of savings
- Other investments
Our specialist life insurance advisors will discuss your options and will help you to find the most appropriate cover term based on your needs and priorities.
NB: You should remember that longer term policies for any life insurance, critical illness cover and income protection which is because the risks are higher as you get older.
Which insurance companies offer life insurance for motorcyclists?
Generally most of the UK’s biggest insurance providers offer life insurance for motorcyclists and most will offer cover at the same rates as standard insurance cover. Some insurance companies ask whether you ride a motorbike on the road on their applications for life insurance and others don’t, which is why it is better to speak to an expert like iam|INSURED.
Some of the best insurance providers for life insurance for motorcyclists are:
- Legal & General
Iam|INSURED’s team of expert advisors will find the best insurance provider for your individual circumstances from our many years of experience.
Other types of cover
Critical illness cover for motorcyclists
Critical illness cover is more important now than it has ever been in the past because of how long we are living and the ever increasing survival rates for most serious illnesses. It is even more important to consider critical illness cover for motorcyclists because of the fact that risks of serious injury are higher when riding a motorbike. There are considerable differences between each insurers critical illness contracts so you need to make sure that you carefully check which conditions are covered and the type of contract available.
Some of the main serious illnesses that are generally covered include:
- Heart Attack
- Multiple Sclerosis
- HIV infection
- Kidney failure
- Parkinson’s Disease
- Alzheimer’s Disease
Some companies offer a standard critical illness cover policy which will offer core cover for around 40 conditions and other providers offer more comprehensive cover for up to 175 conditions.
Income protection for motorcyclists
Another important type of cover is a policy that can protect your income to pay your monthly outgoings such as Mortgage, Rent, Bills and general cost of living if you are unable to work due to accident, injury or sickness. Income protection for motorcyclists will also generally be the same premiums as a standard income protection policy depending on your occupation, lifestyle and health.
Income protection is even more important for people with no support from their employer if they weren’t able to work or for people who are self-employed. You can select the right level of income protection for motorcyclists cover for you based on your circumstances and your budget.
Some of the main options available for income protection are:
- Term of cover (Years/To Age)
- Benefit payment (£’s per month)
- Deferred period (1, 2, 3, 6 or 12 months)
- Short term or long term cover
Income protection is more flexible than other types of cover which means that you should be able to find premiums to suit your needs and budget. Our team of income protection for motorcyclists experts will help you to find the the best cover and the cheapest premiums to suit your needs.
Private medical insurance for motorcyclists
As the NHS becomes more stretched and the quality of care is reducing, it is more important than ever to make sure that you have access to the best care if you become ill or if you are injured. Some fortunate people will have private medical insurance through their employer which is an amazing benefit with your work, however the majority of people will have to pay for their own cover.
Some of the main options for private medical insurance for motorcyclists:
- In-patient and day-patient treatment: Cover your hospital fees, any specialist consultancy fees and you diagnostic tests as well as out-patient care, including surgical procedures.
- Advanced Cancer Cover: Comprehensive Cancer Cover is included as part of the core options cover which includes limitless use of biological, hormone and bisphosphate therapies.
- GP referral service: You will have access to a GP service via an app which offers a helpline, video consultations within 48 hours, plus up to £100 towards private prescriptions and minor diagnostic tests.
- Worldwide Travel Cover
- Dental Cover (Major or Minor procedures)
- Therapies Cover
- Mental Health Cover
Currently the issues in the NHS and with access to care it is important to consider Private Medical Insurance to get you back to fitness quicker and with better specialist care.
Critical illness cover
Private Medical Insurance
Motorbike racing life insurance
Clubs and Organisations:
British Motorcyclist Foundation
British Motorcycle Racing Club