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Extreme Sports Life Insurance

Extreme Sports Life Insurance

Facts about extreme sports life insurance

Are you an avid thrill-seeker? One of those people who take part in extreme sports whenever they can such as hand gliding, rock climbing or scuba diving? You may have already experienced difficulty in obtaining life insurance, critical illness cover or income protection suitable for those taking part in sporting activity.

Well if that is the case, our team of experts here at Iam Insured, armed with affordable policies from leading UK insurers can support you in obtaining extreme sports life insurance.

If you would like to start your extreme sports life insurance application, or have a general query regarding life insurance policies, contact our team today on 01244 732 890.

How much does extreme sports life insurance cost?

When applying for extreme sports life insurance, insurance companies will usually request information regarding your sporting activity. This process will help gauge costs based on the amount of risk involved. Providers will request information on the type of sporting activity you take part in, including the regulatory and the environment where you undertake this activity.

If your sporting activity is categorised as low risk, usually including activities such as skiing, life insurance will be offered at standard terms. However, if your taking part in extreme sports where risk is greater, providers will offer extreme sports life insurance with higher premiums or exclusions from your claimable list.
To retrieve your own quote for extreme sports life insurance, contact our expert team here [EMAIL/TEL].

Your premiums for extreme sports life insurance will depend on:

  • The sporting activity you take part in, including its regulatory and risk.
  • Your previous medical conditions in some cases.
  • The type of insurance product you’re looking for – (Life insurance, Income protection, critical illness cover).
  • The term of your extreme sports life insurance policy.

Percentage (%) loading for extreme sports life insurance

When applying for extreme sports life insurance, insurance companies will consider adding percentage loading to your cover. This is where a percentage is added to your premiums based on the risk of your sporting activity. Please be aware that percentages will vary depending on the policy you select when applying for extreme sports life insurance.

EXAMPLE:

Basic premium
% loading
Final premium
£20.00 50% £30.00
£20.00 100% £40.00
£20.00 150% £50.00
£20.00 200% £60.00
£20.00 250% £70.00

Per mille loadings for extreme sports life insurance

When applying for extreme sports life insurance you may also experience ‘per mille loading’. This is where providers will add on an additional cost based on the amount of cover you take out.  
To find out further information regarding premium loadings, and how they can influence the cost of your extreme sports life insurance cover, contact our team here. [LINK]

Exclusions for extreme sports life insurance, critical illness cover or income protection

A further factor you may experience when applying for extreme sports life insurance, critical illness cover or income protection is ‘exclusions’. Exclusions are conditions/injuries related to your extreme sporting activity. They may be excluded from your policy depending on your personal circumstances and the underwritten guidelines of your provider.

How much cover do I need?

When applying for extreme sports life insurance, income protection or critical illness cover, it is difficult to provide a clear recommendation prior to understanding your sporting activity further. However, your insurance provider will offer an estimation once details have been provided. Here are some factors you can consider prior to applying for extreme sports life insurance:

Extreme sports life insurance amounts of cover

When applying for extreme sports life insurance cover, the process can be straightforward. However, it is highly likely that if your sporting activity falls under a hazardous pastime, additional premiums or exclusions will be applied to your life insurance policy. Here are some factors you should consider prior to applying for extreme sports life insurance:

  • Mortgage amount (£’s)
  • Outstanding debt (e.g. Loans, second charge, credit cards and other)
  • Dependents
  • Spouse or Partner
  • Income (after Tax)
  • Assets (e.g. car, house, business etc.)

To start your extreme sports life insurance application, contact our team today on 01244 732 890.

Extreme sports critical illness cover amounts

Similar to the underwritten guidelines of life insurance, obtaining critical illness cover is a straightforward process. However, hazardous pastimes such as extreme sports can have a significant impact on your premiums and policy details for critical illness cover. Contact our team today to discuss how critical illness cover could support you further on 01244 732 890.

Here are some factors you should consider prior to applying for critical illness cover:

  • Income (after Tax)
  • Mortgage payments (annual)
  • Cost of living (annual)
  • Any other possible costs (e.g. medical treatment or adaptations)

Extreme sports income protection amounts of cover

If you are considering applying for income protection while undertaking extreme sports, it is highly likely that you will be offered cover with exclusions. These exclusions will exclude any sporting related activity from your claimable list within your income protection cover. To provide an estimation of the amount of income protection required, see below:

  • Monthly income (after tax)
  • Mortgage/rent payments
  • Debts (other)
  • Cost of living

Contact our team today to discuss your requirements 01244 732 890.

Purchasing your extreme sports life insurance policy with Iam Insured

Here at Iam Insured, we work with a database of top UK life insurers to source affordable policies such as extreme sports life insurance, income protection and critical illness cover.

We understand that sport may be your life, however ensuring that your priorities are protected is a must. To find our further information regarding our extreme sports life insurance cover, or to start your application, contact our expert team today! 01244 732 890