Category: Sports

We are an insurance expert for people who take part in extreme sports or dangerous hobbies such as Diver life insurance which can be a risk when it comes to underwriting. Anyone who takes part in a dangerous hobby  and especially those with a family should consider life insurance, critical illness cover and income protection to provide financial security in the event of accident or injury. Most people who take part in extreme sports consider cover to be too expensive or do not think that it will be available which includes those looking for Diver life insurance. Insurance underwriting is based on a number of complex calculations to determine the levels of potential risks for each person applying for cover which also will vary from one insurance provider to another. It is important that you speak to a Diver life insurance expert to give you the best chance of getting the right cover at the right price.

If you have a family, dependants or a mortgage and take part in an extreme sport or dangerous hobby such as Divers then you should consider life insurance which is why we want to make sure that you get cover. In most circumstances we are able to get the cover that our clients need and ensure that it is affordable for them to give them peace of mind in the event of anything happening to you.

Diver activities and diving sports:

• Cave diving
• Snorkelling
• Scuba diving
• Wreck diving
• Deep sea diving

There are several key risk factors which would be naturally taken in to consideration by underwriters when assessing an application for Diver life insurance to be able to apply any potential decision, such as:

• Which type of diving
• How often you go diving
• Qualifications
• Depth of dives

For anyone looking for a competitive quote for Diver life insurance you should contact one of our team of insurance experts on for more information and to get a competitive quote for you and your family.

Diver life insurance

It is generally easier to get a Diver life insurance policy to protect your family if you are a recreational diver rather than someone who dives for their occupation. You should be able to access cover for Diver life insurance in most cases at the same rates or premiums as someone who does not take part in extreme sports. There are several key factors for underwriters when assessing applications for Diver life insurance which include:

• How many times do you dive each year
• Do you travel to dangerous locations
• How deep do you dive to
• Do you have any diving qualifications

As well as the special risk factors there will be several standard factors which would be taken in to consideration on an application for Diver life insurance, such as:

• Sum assured (£’s)
• Term of cover (years)
• Type of plan

The other critical elements which will have an impact on your application for Diver life insurance are smoker status, pre-existing medical conditions and any other standard lifestyle factors.

Diver critical illness cover and income protection

It is also generally possible to get other personal protection products such as Diver critical illness cover and income protection as well as Diver life insurance depending on your circumstances and the type of diving you do. Underwriting for diver critical illness cover or income protection are similar to life insurance but can be slightly more strict as the risk of claim is higher for these products. You should however consider all types of personal protection insurance if you are involved in an extreme sport such as diving as there are additional risks of accident and injury.

There is a possibility that your premiums for Diver life insurance, critical illness cover or income protection could increase if you are considered to be above the standard risk thresholds. Some insurers may also apply exclusions to certain policies or types of cover in situations where the activities are considered to be too high risk for standard cover.

Anyone looking for more help or advice to get a quote for Diver life insurance should contact Sports Financial Services team of experts to find out more about what we can do to help you to protect your family.

Sports Financial Services is one of the UK’s top insurance companies for people who are involved in extreme sports or dangerous hobbies which includes Caving life insurance. Most people who take part in extreme sports will generally feel that life insurance will be either more expensive or unfairly priced because of the risks of their chosen pastime. The reality is that cover such as Caving life insurance will generally be priced the same as life insurance for someone who does not take part in an extreme sport which is obviously very positive for anyone who needs cover.

What cover can I get if I do Caving?

It is generally possible to get Caving life insurance, critical illness cover and income protection in most cases depending on the number of times you take part in your sport. There are a number of reasons why someone who takes part in extreme sports should consider which can include risks of injury which can impact your ability to work which is where a caving income protection policy would be useful. The positive currently is that generally a caving income protection policy or caving critical illness cover policy will be offered to most with no increase to premiums or any exclusions.

What can affect premiums for Caving life insurance, critical illness cover and income protection?

There are a couple of key areas that will potentially cause some issues for underwriting of Caving life insurance, critical illness cover and income protection policies which will be assessed by underwriters. The main areas that will be assessed for Caving life insurance are:

• How often you go caving
• What type of caving do you do
• How experienced you are or do you go caving with guides

In most cases there should be no real issues with the key factors for caving life insurance unless you do more than 25 caving trips or events per year. It is unlikely that the majority of people that go caving will go more than 25 times in a 12 month period unless they are an instructor or professional, in which case there may be special terms offered.

What if I am a caving instructor or professional?

Anyone who is an instructor or professional who does this activity for a profession (e.g. police) will generally find that there may be either restrictions or they may pay more for Caving life insurance. The risks for someone who does caving professionally are increased due to the number of times that they do caving rather than the experience that they have or their qualifications.

As with most extreme sports or dangerous hobbies, generally the more times that you do something the more we tend to push ourselves as individuals which will often cause higher risks. Fatal accidents from this type of activity are still rare fortunately so you should find that Caving life insurance premiums will often not increase or will only increase slightly in most cases.

Which insurers are best for Caving life insurance?

Underwriting for all extreme sports or dangerous hobbies will vary from one insurance provider to another which will be the same for Caving life insurance. This will depend on several different elements to underwriting criteria which can include:

• Underwriting philosophy
• Claims experience
• Attitude to risk
• Number of re-insurers

Sports Financial Services is an expert for people who take part in extreme sports of dangerous hobbies so we know which insurance providers are more likely to offer you the most competitive premiums for your situation.

If you need more help or advice on which is the best way to go about getting Caving life insurance then you should contact one of our team of experts to find out more and to see what we can do to help you to protect your family. Anyone taking part in extreme or dangerous sports regularly should consider some form of life insurance, critical illness cover or income protection and especially for those with children or dependants.

Parachute life insurance – is it really as bad as it seems?

Anyone who takes part in skydiving or parachuting might consider that life insurance is one of those things that they will never be able to get simply because of the amount of risks involved and the general view people have about insurance underwriting. The common misconception amongst people who take part in extreme or hazardous sports is that the risks are too high so cover such as Parachute life insurance is either too expensive or may not even be available.

The fact of the matter is that a Parachute life insurance policy is possible to get for most and the reality is that mortality rates for parachuting and skydiving is actually quite good. There are certain risk elements to Parachute life insurance which would be considered to be non-standard which are:

• Base jumping
• Competitive sky diving
• High numbers of jumps per year (more than 50)

If you want a policy that covers you for Parachute or Skydiving life insurance then you will need to provide insurance underwriters with information about the type of skydives you do and how often you take part in skydiving. Most insurers are fairly happy to accept an application for Parachute life insurance where the number of jumps is relatively low (e.g. below 30) or as long as you have relevant experience/qualifications.

How much does Parachute life insurance cost?

It is very possible that you may be able to get a Parachute life insurance policy at the same rates as someone who does not take part in extreme sports or who is classed as a standard risk. The common term for life insurance premiums with no increase is ‘standard rates’ which basically means that you are paying the lowest premium for cover based on:

• Age
• Health
• Occupation
• Sport

If you are looking for a quote for Parachute life insurance then you will need to consider how much cover you need and what you want to protect (e.g. mortgage, income, loans/credit, children etc.). People who skydive are just as likely as anyone else to need life insurance as they are generally parents or professionals so will have the same insurance requirements as most.

What happens if I am considered higher risk for Parachute life insurance?

It is possible that you might be considered to be a higher risk person for Parachute life insurance because of the type skydiving that you do or the number of jumps you do each year. If you are considered to be a higher risk for Parachute life insurance then you may find that a ‘loading’ or ‘rating’ is applied to your premium to reflect the higher risk.

The beauty of life insurance is that you are either acceptable or not acceptable to underwriters which means that you will be able to get a policy for Parachute life insurance in most cases. If you are declined life insurance then it is unlikely to be because of your parachute jumping so it may be because of some other factor such as your health or your occupation.

Another major factor to consider for Parachute life insurance is whether you are a smoker or not as premiums can be nearly double what they are for non-smokers.

Can I get Parachute critical illness cover or income protection?

The fact is that underwriting can be slightly more strict for critical illness cover and income protection because the risk of a claim is a lot higher than life insurance. It is also usually very possible to get parachute critical illness cover and income protection which can also be offered at the same rates as a person with no additional risk factors.

The main thing to take into consideration for parachute critical illness cover is the fact that you may have an exclusion applied for total and permanent disability. This should not be a major factor as this is only a small part of this type of cover so you should look at everything that is included.

Sports Financial is a top insurance expert for someone who is classed as non-standard because of their sport or occupation such as Parachute life insurance. Our team of highly skilled experts has helped thousands of people with extreme sports to protect their families and children.