Water sports life insurance, income protection and critical illness cover
Several million people in the UK enjoy various water sports every year. Being active is essential for our health and spending time in ‘blue spaces’ such as lakes and the sea improves our mental health. With endless coastlines, numerous seas, lakes and rivers, the world has so many options for taking part in water sports. From conquering the waves on a surfboard to scuba diving, water allows you to experience improved fitness and reduced stress levels. It is also a riskier environment from the insurance perspective. WeCovr is a leading life insurance, critical illness cover and income protection specialist that helps people with potentially hazardous sports and hobbies such as water sports, including sailing, water skiing and diving, to find suitable coverage.
Are you worried that your family will suffer if you have an accident or even die while practicing your favourite water sport or hobby?
WeCovr works with a panel of expert award-winning insurance advisers who cover all insurance underwriters active in the UK market, including those happy to underwrite life insurance for water sports enthusiasts. Most water sports are not considered dangerous if practiced recreationally, however they all carry the potential of being practiced at an extreme sports level. Water sports require both considerable skill and physical ability to avoid poor execution, which may result in considerable risk of serious physical harm to the participant of the sport. Therefore, it is very important for people practicing water sports to have life insurance cover from underwriters who understand their activities to make sure they are covered properly.
WeCovr helps water sports participants practicing higher-risk activities find life insurance, income protection and critical illness cover, while saving them money. WeCovr works with only FCA-authorised insurance experts that specialise in underwriting higher-risk lifestyle activities. They are not tied to any one insurance provider, which allows them to provide you with the most affordable insurance offers if you are involved in water sports of various degrees of risk, including:
- Diving, including scuba diving and free diving
- SUPing or stand up paddleboarding
- Kite surfing
- Flyboard Flying
- Spinnaker Flying
- Jet Surfing
- and many others
Similarly to other adrenaline sports, water sports life insurance is usually available at standard rates if practiced at an amateur level or recreationally. If practiced at a more serious or professional level, life insurance for water sports may be more challenging to obtain with no or a minimal increase in premium due to the increased risks relating to the water sport activity in question. Professional water sports participants would often find that they need to apply to a specialist insurance provider because of the risks involved.
The cost of life insurance is going to vary with the specific type of activities undertaken as a water sport. For example, lake swimming will be seen as lower risk than deep scuba diving. This will require additional underwriting from an insurer resulting in higher insurance premiums. Mainstream insurers' premiums are likely to be higher or they may sometimes even exclude your water sports activities from standard life insurance cover. If you let a specialist like WeCovr assist you. we work with experts who specialise in higher risk pursuits and professions and we will aim for your water activities to be included as part of your policy with affordable premiums.
Water Sports Life Insurance - questions you may be asked
Underwriters covering people practicing water sports such as surfing, waterskiing, scuba cave or deep-sea diving with life insurance, critical illness cover and income protection will normally want to understand at what level you practice these sports along with the time spent on them. They need this to provide you with an accurate and affordable water sports insurance premium. Specifically, water sports life insurance premiums depend on a number of parameters such as:
- Type of water sports that you practice
- How frequently do you practice the sport?
- What level of activity do you practice it at - ranging from amateur to pro level
- If you practice diving, amongst others, what depth, durations and locations do you dive in?
- Equipment or apparatus employed
- If you hold any professional qualifications in the sports you take part in?
Sometimes, people taking part in water sports struggle to find affordable life insurance and other related covers, yet this protection is an important tool they need to have for their families and their own financial well-being. That's why WeCovr's experts are passionate about helping people participating in water sports to secure a great affordable life insurance, critical illness cover and income protection.
Water sports Income protection
WeCovr's experts can provide not only competitive life insurance and critical illness, but also income protection cover quotes for water sports participants. If you are unable to work due to illness or injury, by having income protection cover you will be paid a regular income. Typically, the policy will pay out after a pre-agreed period which can vary from one month to one year after you make a claim.
As with life insurance cover, the riskier your activity, the higher the perceived risk; if you are practicing more dangerious water sports, your income protection cover premiums are likely to be higher than for less riskier activities due to the additional underwriting required by the insurer. Income protection for water sports at more extreme activities may include an exclusion for any illness or injury resulting from that sport. The common questions asked to provide you with a quote are similar to the ones above for life insurance quote above.
Water sports critical illness cover
Critical illness cover's purpose is to pay out a lump sum if you have to go through a medical procedure or are diagnosed with a critical illness and survive at least ten days from diagnosis. The lump sum amount is to assist dependents financially while letting you concentrate on your diagnosis and recovery without having to worry about finances. water sports critical illness cover is usually approved without exclusions and at standard rates for recreational level sports participants. If practiced at an extreme or competitive level, you may encounter an exclusion on your critical illness cover policy for that activity.
The list of illnesses that are part of critical illness cover may include, but are not limited to some of the following:
- Alzheimer’s disease
- Multiple Sclerosis
- Some types of cancer
- Heart attack
- Loss of a limb
- Motor neurone disease
- Parkinson’s disease
- Traumatic brain injury
- Liver or kidney failure
To offer you best value-for-money insurance plans, WeCovr's insurance partners will need to ask several questions, including:
- How long do you want your policy to last?
- Do you want level or decreasing cover?
- Do you want to add a terminal benefit to your critical illness cover?
Water sports activities are a great fun, but can also be risky which may lead to higher insurance premiums. Be smart, don't delay getting insured any longer - get a free, no-obligation quote today for your water sports life insurance, income protection and/or critical illness cover – protect yourself and your family. It's important for everyone and especially people involved in any water sports activities!