[.OrgOwner]

So who has life insurance and if so who are you with? Myself, I have enough life insurance to make sure my family is looked after but It've never looked at the fine print to see if it covers things like motorsports and the associated risks.

[LoopyLee]

We have.. and the reason I went with the company I did was because they didn't up the premiums for riding a bike.. Covers accidents as well.. Even the kids are covered..

It was a special deal I got through the company I worked with but even though I'm not employed by them now the deal stands

[bladeracer]

I took out A$250,000 with AMP when I was about twenty.
It covers motorsport.
Being self-employed, income protection and sickness and accident policies are also vital.
For motorsport our race licences also include insurance.

[Evil R]

In the USA it is next to impossible to try to get life insurance if you hold an active motorcycle license... If you got insurance before your license its not a prob, but my step father had to let his license lapse to pick up reasonable life insurance.

[lanbrown]

I have two policies and they do not hold riding against me.

[bladeracer]

Wouldn't you just have an exclusion in case of a motorcycle accident?
I've been told a lot of income protection and accident insurances nowadays have extreme sport exclusion which includes motorcycle racing. I don't think motorcycle riding is a problem though.
I think Combined Insurance has doubled benefits for travel accidents including motorcycle riding?

[shakey1378]

i have accident insurance and life insurance but the life doesnt pay much as i have no kids or wife at the moment. both of these are plans i got thru my job. ill upgrade if i ever screw up and get married again...

but if i crash i got a accident policy with allstate that pays me no matter what the case i could fall off the roof it pays. my motorcycle has full coverage as does my car with income continuation and no lawsuit limitations either.

[Trimmed_Jennis]

Well, in oklahoma, and with my company there isn't an exclusion for racing motorcycle or riding motorcycles. I've had my "M" endorsement on my license for a long time (10+) years and it wasn't an issue when I set up my own Life policy.

Now in my life application process. i ask every person. "Do you plan on engaging in avocations such as mountain/rock climbing, vehicle racing, SCUBA/skin diving, sky diving, ballooning or hang gliding, or in any such activity for the next 6 months?"

if the answer is yes, then that's where the exclusion's and things happen.

Now, if you're a professional racer and you Lie about this question and then are killed in an accident, they would investigage and could not pay out. BUT, if you're like me, I don't plan on vehicle racing (not track days, cause that's not a race) in the next 6 months, you could answer this question "No" and be completely honest and coverage would not be rated or excluded for this..


I Sell Life Insurance W/ State Farm in oklahoma is why and how i know this.

[Evil R]

Hmmm, might just be a state thing? Or it could be outdated, he started coverage on his life insurance about 30 years ago...

[FB1000inPA]

I have a GVUL policy worth 1/2 mill and going up with each year of service with my company.

[BigBassTurd]

Don't make your life too valuable! The wifey might remember the "till death do us part" part of the vows.

I have $250k worth of coverage through my job.

[Trimmed_Jennis]

Check into your life insurance through your job. alot of that is "Term" insurance and if you ever leave your job or get fired, you lose your Life insurance.

It's usually good to have a policy outside of work, just in case

[McJohn]

No wife and no kids, thus don't have one. I can see the need if I ever get married or have kids, but don't think it's necessary at this point.

[Trimmed_Jennis]

alot of people don't... but that's not the only reason to buy when you're young. alot of Term Life policies have a provision in them where you can convert it later to a permanent policy. and let's say you go out and are hitting the twisties. and you wreck, causing your pancreas to quit producing insulin... thus making you a diabetic... try getting life insurance after that...

Life insurance is a part of EVERY risk management profile.

[TheOne11]

I have both life through my job and supplemental diability and accident through Aflac.... Motorcycle accident is covered but, I had to get a separate policy for racing.

Motorcycle Insurance


These guys seem interested in pointing people in the right direction. Didn't buy from them though due to fees.

[ldavis]

my wife is in the industry as well.. so i'm an avid believer in making sure all bases are covered. it's just one of those things that is necessary.. Trimmed you get some rep from me.. it's just the smart way to go..

[Trimmed_Jennis]

Thanks LD!!!

[_zack]

I have a $250,000 Policy, covers motor-sport. Bought it before I had a bike again..

[johnx144]

ive no kids or other dependants so i dont have any yet

[Racklefratz]

Originally Posted by .OrgOwner

So who has life insurance and if so who are you with? Myself, I have enough life insurance to make sure my family is looked after but It've never looked at the fine print to see if it covers things like motorsports and the associated risks.

I don't. Both the wife and I have retirement annuities, gifts that keep on giving for as long as we live.

I always thought of life insurance as one of the worst deals life has to offer. It's a bet with the insurance company: They're betting I won't die, and I'll keep opening my wallet to them for a very long time. I'm betting I will die, and they'll have to pay up. Either way I lose.

[CBR954-JUGGERNA]

As long as I have on the proper safety equipment I am covered for $450,000