Whether you participate in sailing for leisure, pleasure, sport or occupation, speak to Sports Financial Services about life insurance, mortgage protection, income protection and critical illness sailor cover.
Sports Financial Services specialises in offering financial protection to people who take part in hazardous sports and occupations such as sailing. If you take part in any form of sailing, whether recreational or occupational, you will need to disclose information about your sport and occupation to any life insurance, critical illness cover or income protection providers.
Because sailing demands a certain level of technical skill and is undertaken in challenging environments, it can often require more specialist types of cover. If you would like to discuss the right life insurance, critical illness cover or income protection cover for sailing you have come to the right place.
What is sailor cover and life insurance
The underwriting of sailor cover and sailor life insurance, income protection and critical illness for sailors can vary depending on your insurance provider as well as your level of participation in sailing. 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.
Often, when looking for specialist insurance for extreme pursuits like sailing you may come across additional requirements in order for underwriters to fully understand your activities. Some extreme sports and occupational financial protection may cost more due to these additional requirements.
Our 20-year history of helping extreme sports people means that we understand sports and when it comes to life insurance for sailors, we understand the needs of those who participate in hazardous sports and occupations.
Here are some areas that insurers might consider when assessing your enquiry for life insurance for sailors:
- 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 sailing activities do you participate in?
- Do you participate in sailing alone or as part of a crew?
- Your frequency of participation in sailing / yachting?
- Duration of participation (single day or multiday events)?
- What type of boat/vessel do you sail?
- Do you undertake any professional and / or instructional sailing work?
- What is your level of participation sailing (e.g., amateur, semi-professional or professional)?
- Do you participate in sailing racing, how frequently and where do you race (e.g., inland lakes, onshore or off-shore)?
- What types of sailing challenge events/races do you participate in when racing?
- Are you a member of the Sport’s Governing Body? (e.g., Royal Yachting Association – RYA www.rya.org.uk )
- What geographic locations do you travel to participate in sailing activities (e.g., inshore canals rivers or lakes, offshore UK waters, international waters or transoceanic travel)
Such questions will help us find the facts that insurance companies require in relation to you, your sport and your lifestyle.
Critical Illness Sailor 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 hazardous pursuits like sailing and enquires about critical illness cover will have their enquiry assessed against the activities they pursue. Cover for different types of sailing 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 sailing activities, occupation and lifestyle.
Income Protection
Another important cover to consider is income protection, particularly if you take part in high-risk pursuits like sailing. 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 sailing and whether they have caused you to have a significant amount of time off work.
Again, like critical illness cover, participation in some sports and activities may result in premium loadings, restrictions or exclusions. But, don’t worry, your adviser will discuss your needs and the options available to you.
Why Choose Sports Financial Services for sailor cover?
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 sailor cover and life insurance for sailing at the right price.
Even if you have an insurance policy in place, have been declined life insurance for sailing in the past or have previously experienced problems obtaining life insurance then you should speak to our extreme sport and occupation experts.
In addition, 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 life insurance for sailing.