Does Life insurance cover an extreme sports person?

Last updated on November 25th, 2021 at 03:01 pm by Bill Tsouvalas

Being a daredevil is all about seeking that rush that makes you feel like you are alive. You constantly take life by the horns, and live on the edge. However, being a person participates in extreme sports comes with risks. Should anything wrong in one of your great adventures of a lifetime life insurance will be there to provide a lump some to ensure that you and your family are not crippled financially by one mishap.

We know that extreme sports people do two things; take risks and spend less time worrying about those risks. However, insurers are known for not taking on high risk people and are the small conscious voice that keeps worrying about your financial future. The question is how do you couple these two, and make them jump off a cliff together?

You can be covered for extreme sports

Despite what you might think some insurers do have cover for people who participate in extreme sports. Other’s don’t. It is all about speaking to an accredited insurance broker that understands your need for your daily dose of adrenaline pumping ‘wooohooo!’ moment. Make sure that you compare policies to get the best value for your money.

What constitutes as extreme sports?

There is no set definition of what extreme sports is legally. However, it could range from any activity that could result in your body being placed at a risk of sustaining injury. The level of injury will vary from case to case with each sport, which can result in higher or lower insurance premiums. To list a few examples of what Extreme sports can be:

  • Soccer
  • Maintaining
  • Snow sports
  • White water rafting
  • Skydiving
  • Big wave running
  • Parkour

How much are you likely to fork out?

There will be extra costs that you as an extreme sports person will be paying that will not match other Life insurance policy holders. This is because you are considered to be a high risk, someone who knowingly participates in hazardous activities that can inflict great injury or possibly kill you. There are mostly two questions that an insurer will ask to determine the cost:

  • How likely will it be that whilst participating in the sport you will get injured?
  • How bad will these injuries be should you get injured?

The main aim of getting Life insurance is to ensure that life goes on despite an injury or even death. You can leave your family with one less thing to sorry about, and give them more time to remember how much you lived life to the full by being a risk taker.