If you are someone who regularly participates in motorcycling, whether recreationally, competitively or for your occupation, you will be aware that this is a challenging, high risk activity that requires a certain level of skill. Due to this sport being considered high risk, you may be interested in income protection, critical illness cover or life insurance for motorcycle riders. If so, you have come to the right place.
Sports Financial Services specialise in hazardous sports and high risk occupations, operating in this industry for over 20 years we have developed a deep understanding of a number of sports. Our knowledge and understanding allows us to specialise in offering financial protection to people who participate in these sports.
What is life insurance for motorcycle riders?
Life insurance for motorcycle riders is a policy between a policyholder and insurer in which the insurer promises to pay a designated beneficiary a sum of money in the event of the death of the insured person. If you are a motorcyclist, the underwriting of your policy may vary depending on the provider and how much you participate in motorcycling. For this reason, specialist advice can be beneficial in obtaining the right cover for you, your circumstances and all aspects of your chosen sport and lifestyle.
When you enquire with Sports FS about life insurance for motorcycle riders, one of our specialist advisors will want to learn more about how often you go motorcycle riding each year, and any rides you take part in on an international level. The reason for wanting to know this information is because the answers can impact the underwriting of your policy. It is important you fully disclose all information about your participation in the sport in order to ensure you get the right level of cover.
Here are some examples of questions insurers might ask when assessing your life insurance enquiry:
- How is your health and lifestyle? (e.g., alcohol consumption, exercise and smoking)
- What is your current employment and does it take you on international travel? (e.g., UK, Europe and/or worldwide)
- What type of motorcycle riding activities do you participate in?
- Do you participate in motorcycle riding recreationally or occupationally?
Critical illness cover for motorcycle riders
Another type of insurance policy we offer is critical illness cover. This type of insurance is a way to cover specific medical conditions or illnesses that may disrupt your life, family and finances. Anyone who takes part in hazardous pursuits like motorcycle riding and enquires about critical illness cover will have their enquiry assessed against the activities they pursue. Cover for different types of activities will be assessed differently.
Typically, critical illness cover for motorcycle riders is offered at a standard rate without any special terms imposed. However, participation in certain sports, particularly higher risk ones may result in premium loadings, special terms, restrictions and even exclusions.
Income protection for motorcycle riders
Aswell as life insurance and critical illness cover, we also offer income protection for motorcycle riders. This insurance policy is one worth considering as it protects you financially should you suffer an injury that makes you unable to work leading to a loss of income. If you have a loan, mortgage, credit cards or any other regular bills, income protection is worth considering, this policy will pay you a regular income until you retire or become able to work, supporting you financially.
Applications for income protection are dependent on many factors, for example, whether you have previously suffered any injuries as a motorcycle rider and whether they have caused you to have a significant amount of time off work.
Why choose Sports FS for life insurance for motorcycle riders?
Sports Financial Services are a team of insurance experts who specialise in cover for extreme sports and hazardous occupations. We have access to the whole market meaning we can get you the best coverage at the best rates. This, combined with our wealth of knowledge and understanding of your sport, means that you can be confident knowing that we will ensure you have the right level of cover for your activities. We know how important it is to get life insurance for motorcycle riders at the right price.
For a free, no obligation quote, please do not hesitate to get in touch.