Life Insurance
Traveling at high speeds carries more risk than casual driving in a car. For individuals participating in racing events, insurers may inquire about certain details.
Insurers request more information about your speed record attempts to assess the potential risks and likelihood of a life insurance claim in case of unexpected events.
When speaking to our advisers, we will inquire:
- What kind of vehicle are you driving?
- Where are you planning to set your speed record?
- When will you be doing your speed event?
For land speed record attempts, insurers typically delay processing life insurance applications until after the event is completed. The vehicle you choose will determine whether you reach the record or not.
There are certain insurers who may review your life insurance application.
Critical Illness
Your land speed record attempt might be considered risky for critical illness cover. This is due to the existence of certain conditions that you are more prone to claim on. Examples include traumatic head injury, third degree burns, total paralysis, and similar conditions.
Depending on the vehicles used for your record attempt, you may find that most UK insurers will not provide critical illness cover. Certain specialist routes may be considered, but it’s important to note that many policies may have clauses that exclude claims resulting from activities such as speed record attempts.
Income Protection
In the UK, insurers may exclude coverage for income protection if you are participating in a speed record attempt. Before embarking on your land speed record attempt, make sure to review your income protection policy to see if there are any exclusions related to it.
How We Work
1: We contact you and take down your details, income outgoings, name, address etc.
2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.
3: You upload the documents and information needed via our channel our online portal.
