Can My Income Protection Premiums Increase Over Time?
Question asked by Priya Patel
I’m thinking about taking out Income Protection to cover my outgoings if I can’t work. My main hobby outside of work is gliding. I can’t find any information on whether this is covered, it’s a fairly dangerous activity so i doubt it. Can you confirm?
This would really depend on what type of gliding you would be participating in, e.g. is it hang-gliding, paragliding or motorised gliding etc. and also how often you would be going gliding.
Most insurers wouldn’t have an issue if you were to go hang-gliding as a one off. But if it was a regular occurrence the insurer would then ask how often you would be going, if you were a member of a club, what type of licence you hold, what gliding qualifications you have, what proficiency rating you have and your number of flying hours per year.
In some circumstances they would also ask if you participate in any stunt work or if you were attempting to break a record.
In most circumstances you would still be able to obtain an Income Protection policy, but with an exclusion for gliding, although, depending on the answers to the above questions, some insurers may be able to cover the gliding also.
The best thing to do is speak to an adviser such as Drewberry and give them the information so they can speak to each insurer to obtain the best indication of terms available.