Life insurance

[Felix]

I went to buy new life insurance today. Joint policy with the wife. Online quote £17. I phone to buy and go over the questions, 1 of them being do you ride a motorcycle? Ok your policy is now £42.

Any one else found this. My existing policy just asks if I race. Same company too!

 

[tom_e]

I haven't got any but it makes sense, we're at a much higher risk of accident and serious injury even without racing

 

[Felix]

True but nearly triple the amount?

 

[TripleT]

Mines never asked, might double check though!

 

[IC3]

I should have got life insurance... it would come handy now.

 

[muon]

True but nearly triple the amount?

For someone relatively young, there are very few reasons why they die.

So you may actually be trebling your risk because its easy to treble a very small number.

 

[The_Abyss]

I should have got life insurance... it would come handy now.

Why? You're still alive!

 

[Felix]

Mines never asked, might double check though!

My existing policy just asks about motorcycle racing, the new policy with the same company now asks if you just ride a motorbike. When you applied you would have been asked, if it wasn't asked then don't worry!

 

[MeAnBoY]

Just came across this thread, I'm going to assume you've gone with someone like AIG of LV? They will typically increase your price by a fair whack (as you've already found out!) If you ride. Try L&G, if you need some help let me know.

 

[misterjingo]

Declaring I ride a motorbike didn't increase my life insurance at all - telling them I rock climb, that added a huge chunk(!) - no logic there what-so-ever.

 

[Felix]

Just came across this thread, I'm going to assume you've gone with someone like AIG of LV? They will typically increase your price by a fair whack (as you've already found out!) If you ride. Try L&G, if you need some help let me know.

It is L & G!

 

[The_Abyss]

It really isn't. I had the misfortune to work for them for a number of years.