For some individuals, riding a motorcycle is simply a part of life – it is either a beloved pastime, part of their occupation, or a basic mode of transportation.
While the risk of riding a motorcycle may have you believing that life insurance will be expensive, the truth is that many insurance providers in the United Kingdom are willing to offer standard terms to motorcycle riders based on their unique situation.
Most insurance policies will pay out should the holder pass away in a motorcycle accident.
Racing Motorcycles as a Pastime
Many individuals participate in motorcycle races as a hobby, and securing life insurance for this type of riding differs from that of professional motorcycle racers. There are a number of different factors that will play a role in finding the right insurance company and the right policy to provide you with life insurance coverage.
Some of these factors include the size of the motorcycle you are using, how often you race, and what type of racing you are doing. Circuit and ice racing is considered dangerous and insurance for these types of races may be more expensive.
Riding Motorcycles for an Occupation
Since this is part of a standard occupation, it is very likely these individuals will be able to find life insurance with standard, favorable terms. For those who are professional motorcycle racers, much like those who race as a hobby, finding favorable terms for life insurance may be more difficult based on the proposed risks.
Riding Motorcycles for Transportation
Some individuals use motorcycles as their main form of transportation. If you are riding motorcycles simply to get from A to B, getting life insurance is relatively straight forward and is usually available through most UK insurance providers with standard terms.
Some insurance providers, however, will ask you additional questions about the type and size of motorcycle you are using. Depending on the answers to these questions, it is possible to be paying higher premiums based on the additional risk.
Riding motorcycles for sport, as a profession, or just for transportation will not exclude you from being able to secure life insurance.
The knowledgeable staff at Claybrooke will take the time to talk to you about your riding habits and your needs and work hard to match you with the best insurance company and policy that will both meet your expectations as well as fit into your budget.