Anyone who regularly participates in an extreme sport like paragliding may be interested in financial protection for peace of mind. Paragliding insurance cover gives you the protection you need to protect your assets, home and family.
Sports Financial Services can help get you the right cover whether you paraglide competitively or for leisure. We have over 20 years experience in the specialist insurance industry for extreme sports. This means we know what questions to ask to better understand your sport and which paragliding insurance cover you need.
What is Specialist Paragliding Insurance Cover?
Unlike general life insurance, paragliding insurance cover may have slightly different underwriting. Depending on your level of participation in paragliding activities and other aspects of your life such as health, you can expect added costs to cover these additional requirements. Here are some areas that insurers might consider when assessing your paragliding insurance cover 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 paragliding activities do you pursue?
- What is your level of participation in paragliding (e.g., club, amateur, semi-professional or professional)?
- Where do you fly and how frequently?
- What types of events/competitive activities do you participate in when paragliding?
- Are you a member of the Sport’s Governing Body? (e.g., The British Hang Gliding & Paragliding Association – www.bhpa.co.uk )
- What geographic locations do you travel to participate in paragliding (e.g., UK, Europe or Worldwide)?
Its best for us to gather information and answers to these questions in the first instance so we can give you the most accurate quote. This is one of the reasons using a specialist insurance provider is better than a mainstream provider because we have a deep understanding of your sport and what to ask to get you the right level of cover.
Critical illness paragliding insurance cover
Critical illness cover is a way to cover specific illnesses or medical conditions that might disrupt your life, family and finances. Anyone who takes part in extreme sports like paragliding and enquires about critical illness cover will have their enquiry assessed against the activities they pursue. Cover for different types of paragliding activities will be assessed differently.
Cover for some sports can be offered at standard rates with no special terms imposed whilst participation in other sports may result in premium loadings, special terms, restrictions or exclusions. Your sports specialist at Sports Financial Services will talk you through the options available to you based on a number of factors such as your paragliding participation, occupation and lifestyle.
Income protection paragliding insurance cover
Another important cover to consider is income protection, particularly if you take part in high-risk sports like paragliding. Income protection could provide you with peace of mind if you are unable to work due to injury or sickness.
If you have a loan, mortgage, credit cards, regular bills or family financial commitments then you may want to consider what would happen if you were unable to meet the payments because of a loss of income if you are unable to work.
Applications for income protection are dependent on many factors, for example, whether you have previously suffered any injuries as a result of paragliding and whether they have caused you to have a significant amount of time off work.
Again, like critical illness cover, participation in some sports may result in premium loadings, restrictions or exclusions. But, don’t worry, your adviser will discuss your needs and the options available to you.
Different types of Paragliding Sports
Whatever type of paragliding activities you pursue please contact Sports Financial Services to discuss your needs.
We understand that there are many types of paragliding activities, in competitive and non-competitive environments, that you may want to discuss with us.
Because we specialise in sport you can speak to us about cover for different types of sports and occupational activities.
Why Choose Sports Financial Services for Paragliding Insurance?
Sports Financial Services are a team of insurance specialists with many years of experience working with those who pursue hazardous sports and occupations. We know how important it is to find insurance for paragliding at the right price.
We work closely with extreme sport governing bodies, therefore we remain up to date with the market. This means that even if you have an insurance policy in place, have been declined paragliding life insurance in the past or have previously experienced problems obtaining life insurance then you should speak to our extreme sport and hazardous occupation experts. Overtime, different insurers come to the market over time and others may change their terms. This may mean that different terms are available in the market place than when you first applied for cover for paragliding.