Life Insurance For Motorcycle Racing
Anyone who takes part in any form of motorsports should be aware that there are always risks involved with this type of activity so it is important to consider your cover options to protect yourself, your family and your home. Life insurance for motorcycle racing, critical illness cover and income protection are designed to provide you with the peace of mind. You need to ensure that you have enough cover in place no matter what happens.
What Does Life Insurance For Motorcycle Racing Cover?
Often it is possible to get life insurance for motorcycle racing without too many issues in terms of additional underwriting requirements or additional premium loadings. Most insurance underwriters consider this type of activity to be fairly standard risk as long as the level is not professional or semi-professional and that you do not race every weekend. There are some circumstances where a small premium loading may be applied for Motorbike racing life insurance which is generally for more regular activities and where the level is semi-professional or professional.
The main factors which would be taken in to consideration for Motorbike racing life insurance are:
- Level of racing (e.g. amateur, semi-professional or professional)
- Type of motorbike you race
- How often you race
- Where you race (e.g. overseas)
The other standard factors which would apply to any application for Motorbike racing life insurance are:
- How much cover you need (Sum Assured)
- How long you need cover for (Term in Years)
- Which type of cover you need
Types of motorbike racing:
- Circuit racing
- Track Days
- Road Racing
- Enduro/Green lane riding
For more information or for a quote for Motorbike racing life insurance contact Sports Financial and our team of experts will help you.
Life Insurance For Motorcycle Racing Vs Other Protection
Motorbike racing critical illness cover
We also find that the majority of applications that we deal with for Motorbike racing critical illness cover are accepted at either normal rates or will have a small premium loading and possibly have an exclusion applied. If you are a semi-professional or professional racer taking part in regular events you may find that the amount you pay for cover may be slightly increased. There is a possibility that you may have some exclusions applied to your policy for Motorbike racing critical illness cover which could be:
- Motorbike racing activities
- Total and Permanent Disability
There are some insurers who are particularly good for underwriting of Motorbike racing critical illness cover so it’s important to speak to the right company for you. Sports Financial specialises in working with people like you so we know which underwriters are better for Motorbike racing critical illness cover than others.
Motorbike racing income protection
Some insurance providers will offer Motorbike racing income protection cover at standard rates where the activity is amateur and fairly infrequent. If you take part in more regular events or if you are a semi-professional or professional racer then it may be slightly more complicated to be able to get Motorbike racing income protection. You will find that most underwriters will want to know details about your motorbike racing activities as well as whether you have any previous issues with injuries resulting in periods of time off work.
How Sports FS Can Help With Life Insurance For Motorcycle Racing
We are a specialist insurance company for people who take part in extreme sports or dangerous hobbies including people looking for Motorbike racing life insurance, critical illness cover and income protection.
Sports Financial Services can compare Premiums and cover for this type of activity will vary depending on the level you compete to and the type of bike you ride which determines any Motorbike racing life insurance, critical illness cover and income protection. Underwriters will generally look at each application on a case by case basis to assess the levels of risk relating to your own application for Motorbike racing life insurance, critical illness cover or income protection. We will work with you to find the best cover to suit your needs whilst providing you with expert financial advice regarding your specified extreme sport.
For help with your Motorbike racing life insurance, critical illness cover and income protection or for a free quote, contact our team of specialists.
What is motorbike racing life insurance?
A life insurance policy is one that pays out a lump sum in the event of your death. Anyone who participates in a high risk sport such as motorbike racing may want to consider having a life insurance policy in place to ensure their loved ones are covered should the worst happen.
Sports FS provide specialist motorbike racing life insurance cover, we have an expert understanding of your sport and are able to get you the right level of cover at the best rates. We also offer a free, no obligation life insurance quote that takes your sport into consideration meaning it is typically much more accurate than the quote provided by general insurance companies.
How do I know which cover is right for me?
It can be hard to decide which type of cover is right for you, that is where Sports FS come in. As experts in life insurance, critical illness cover and income protection for extreme sports and high risk occupations, we can advise you about each type of insurance policy and help you decide which one best meets your wants and needs. To learn more about the types of cover available, please do not hesitate to contact us to discuss further.