Yachting life insurance
If you are an individual who owns a yacht or takes part in yachting on a regular basis, you may be interested in yachting life insurance. At Sports Financial Services, we are specialists when it comes to life insurance, critical illness cover and income protection for extreme sports and hazardous hobbies. It doesn’t matter what kind of yachting you take part in, having the right financial protection is crucial if you want peace of mind knowing that you, your family and your home are protected should any injuries arise or if the worst should happen.
Our team of yachting life insurance experts have over 20 years experience in the industry of insurance and financial protection for extreme sports. We have helped a number of people get the cover they need at the best possible price. Here are some examples of the types of sailing and yachting we can provide you with cover for:
- Disabled sailing
- Team racing
- Fleet racing
- Match racing
- Offshore yachting
Yachting life insurance underwriting considerations
When it comes to hazardous occupations and high risk sports you can expect to see an increase in rates depending on the level of danger of the specific activity. Yachting and sailing are considered to be relatively high risk activities when it comes to underwriting yachting insurance. Here are some examples of key information underwriters may want to know when assessing your yachting insurance application:
- How often do you participate in yachting
- What type of yachting do you participate in
- Which type of boat do you use
- Where do you go yachting
- Level of cover required
- Term of the policy required
- Type of yachting life insurance policy
If you would like to discuss your yachting life insurance further, please do not hesitate to get in touch with a friendly member of our expert team today. Get a free, no obligation quote or general sports life insurance advice.
Yachting and critical illness cover
Generally, when it comes to critical illness cover for yachting and sailing there is never any issues in getting cover, especially if you only participate in the activity recreationally. In most cases we find that with yachting, you can get critical illness cover without having to provide too many details about your yachting activities- unless you take part in it competitively or in particularly dangerous locations.
Yachting and income protection
Similarly to yachting critical illness cover, income protection policies for yachting are usually offered without any premium loadings unless you participate in yachting competitively. You can expect to be asked about any recent accidents which have caused you to have time off work. If you have had to have time off as a result of yachting activities you can expect premiums to increase as a reflection of the chance risk.
Contact us for more information on yachting life insurance
If you want some free advice or a specialist quote regarding yachting life insurance then please give us a call or fill out our form. We would love to hear from you as we are sure we can assist you by providing you with more information about yachting insurance. If you already have insurance in place, we can still help as we can provide you with up to date information and check whether you are fully covered by your existing provider.