I’ve recently gone self employed and need to replicate my old employee benefits. The main cover I really need to get is Life Insurance. As I frequently sail, will I still be able to get cover as usual or should I speak to a specialist insurer?
Each insurer has their own way of measuring risk and, as such, each insurer will view things differently. There are a few variants that the insurers will consider when it comes to covering sailing. For example, some of the leading UK insurers will ask the following questions:
- Type of sailing, e.g. recreational or cross trans-ocean racing
- Crafts you sail
- Where you sail
- Number of crew members.
Based on the responses to these questions, the insurer can then provide a final decision, with the worst case scenario being an increase to the premium (unless you are a professional sailor where it’s possible the insurer could decline cover altogether).
Drewberry can help…
To summarise, you can cover sailing with the majority of UK insurers, it’s just a case of finding which insurer will be the most suitable for your specific sailing activities. This research can be done by one of our advisers on your behalf at no extra cost.