Life Insurance
Engaging in water sports offers a great opportunity to enjoy nature and also experience an adrenaline rush. It is important to understand the implications for your insurance, whether you are white water rafting or paddling down a calm river in a canoe.
Life insurance advisers will inquire about some important details:
- Which sport are you participating in?
- How frequently are you doing this?
- Is this simply a pastime?
- Are you doing this locally or internationally?
- Are you participating in any competitions?
There may be additional questions once you explain what you are doing. As part of our scuba diving assessment, we will inquire about your experience with mixed air, cave diving, wreck exploration, and the depths you typically reach.
Participating in water sports generally has minimal effect on your life insurance application. Insurers primarily focus on activities such as scuba diving, sailing, and any extreme water sports you engage in.
Unusual activities you participate in while on vacation may not be commonly asked on life insurance forms, but it’s essential to thoroughly review and ensure you disclose all information accurately.
Critical Illness
Insurers typically do not worry about hobbies like surfing and jet-skiing when it comes to critical illness cover for water sports, similar to life insurance.
Occasional sailing and scuba diving are generally covered under standard terms, however additional important details could alter this.
Participating in transoceanic sailing or competitions may lead to non-standard insurance terms for critical illness coverage from some companies.
Insurers take into account your location, experience, qualifications, vehicle speed, underwater depth, and whether you are engaged in group or solo activities to determine the terms they can offer you.
Income Protection
Income protection for water sports is available at standard terms, as long as you do not have a history of multiple injuries related to the sport.
Insurers will inquire about your sports activities, including the type, frequency, group participation, solo involvement, and potential participation in competitive events.
One important factor to consider with income protection is that policies may have exclusions based on what the insurer believes could increase the chances of a claim. If you’ve had back pain, a broken wrist, or torn a muscle in recent years, you may discover there’s an exclusion for claims associated with that part of your body.
This policy will be beneficial for various situations, so it’s recommended to discuss it with an adviser.
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.
