Motorsports life insurance, critical illness cover and income protection

Motorsports life insurance, critical illness cover and income protection experts

Sports Financial is an insurance broker with a difference, we specialise in helping people who are classed as non-standard because of the sport or hobby that they do to find cover such as Motorsports life insurance, critical illness cover and income protection. Most extreme sports and dangerous hobbies will require some additional underwriting when applying for life insurance and other personal protection products. Motorsports life insurance, critical illness cover and income protection policies are generally available with no major issues getting cover as long as you are not involved in professional motor racing.

 

Anyone who takes part in dangerous hobbies or extreme sports with a family, home or business, should consider some form of cover to protect them if anything happens. Motorsports life insurance, critical illness cover and income protection cover is important to make sure that you have the cover you need no matter what happens to you.

Some of the main types of motorsports:

  • Track Days (Cars/Motorbikes)
  • Circuit racing (Cars/Motorbikes)
  • Rallying
  • Rally cross
  • Stock car racing
  • Motocross (Motorbikes)
  • Adventure/Enduro (Motorbikes)

Each activity will vary for Motorsports life insurance, critical illness cover and income protection depending on your level and which type of vehicle you drive or ride.

Motorsports life insurance

We often find that cover for Motorsports life insurance is available with no major issues in getting the cover and also no major impact on the premiums you will pay. For people taking part amateur events (e.g. track days) you should be able to get Motorsports life insurance at the insurers standard rates with no real need for additional underwriting. There are several major factors which would be taken in to consideration by underwriters when assessing an application for Motorsports life insurance, including:

  • How often do you race
  • What type of vehicle do you drive/ride and what CC is it
  • Do you race amateur, semi-professional or professional events

There are a number of other factors which would be taken in to account when looking at Motorsports life insurance, such as:

  • Level of cover required (sum assured)
  • Term of cover (years)
  • Type of cover (e.g. Decreasing, Level, Whole of Life etc.)

For advice or a quote for Motorsports life insurance you should contact one of our team of experts today.

Motorsports critical illness cover

It is generally also possible to get Motorsports critical illness cover for most clients we deal with based on their individual circumstances and the amount of times they take part in any motor racing. If you are involved in more frequent racing or if you are a semi-professional/professional racer then you may find that Motorsports critical illness cover could result in policy exclusions or premium loadings.

Possible exclusions for Motorsports critical illness cover are:

  • Any injury or health issues resulting from motorsports
  • Total and permanent Disability cover

The amount you pay for Motorsports critical illness cover will also depend on the usual health and medical factors as well as the amount of cover you need. You should also consider that Motorsports critical illness cover can vary from one insurer to another so it is important to check your policy wording before agreeing to start a plan.

Motorsports income protection

The main additional factor which would be brought in to consideration for Motorsports income protection over the other types of policies would be your occupation and whether you have had any time off work recently. Generally we also find that Motorsports income protection is available and often can be obtained at anything from standard rates with no policy exclusions.

Motorsports life insurance, critical illness cover and income protection experts

For more information or a quote for Motorsports life insurance, critical illness cover or income protection you should contact our team of Sports Financial specialist advisers who are here to help.

Contact us now for your life insurance quote or apply online

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