We have just had our first child and need to get some Life Insurance. I cycle to work and was wondering if it’s covered?
The Kind of Cycling You Do May Impact Cover…
The great news with Life Insurance is that generally (with most insurers) there are no standard exclusions apart from suicide in the first 12 months of the policy, so you would be covered for any sports or hobbies you might participate in, including cycling.
Having said that, as Life Insurance policies are underwritten upfront at the point of inception, you may have to disclose if you were to partake in a more hazardous pursuit, such as BMX riding (hitting jumps) or downhill mountain biking.
How insurers view extreme sports
In certain instances these more extreme sports may be excluded from cover, although as Life Insurance is only concerned with death, it’s only in rare circumstances that such exclusions apply.
The other option that insurers have is to offer cover for the extreme hobby but increase the monthly premium to reflect a higher chance of a claim being made. It’s best to speak with an adviser who can confirm what would and wouldn’t be covered.
Talk to an expert
Drewberry advisers can help you find the most suitable cover for your personal circumstances. Give us a call on 02084327333 or email us on firstname.lastname@example.org