5 Key Things You Need to know about Extreme Sports
MOST Insurance plan PLANS Do not cover EXTREME SPORTS LEAVING YOU UNPROTECTED!
Many persons enjoy doing sports and the best time to try out something new and exciting or take your time enjoying your favourite sport is during holiday vacations! Travel providers attract with exciting promises: Bungee jumping, rock climbing, scuba diving, sky diving, perfect alpine ski slopes - that all is tons of fun! And potentially a source of future problems. Regarding of those cases when you are around protected using your insurance just about all! Let's dig deeper today into extreme sport health care insurance!
1. Understand how RISKY Simple . SPORT IS
The associated with sports people engage in today is vast: quite a few chess to base jumping is considered 'sports'. For most insurers, sports fall into four general risk levels (s. list below). Already, sports from Level 2 are often considered as extreme fitness. So if you are a passionate skier in Colorado, British columbia or the Swiss Alps, an amateur rock climber, or adrenalin junkie enjoying skydiving anyway once 30 days - you will need consider looking deeper into extreme sport protection.
Insurance classification of sport risks:
Level 1 - Low risk sports: Aerobics, skating, volleyball, water polo, football, cricket, golf, baseball, basketball, tennis, badminton, archery
Level 2 - Sports involving more mobility and therefore more risks: Adventure racing, paintball, alpine skiing, canoeing, swimming, rugby, scuba diving, gymnastics, kayaking
Level 3 - Sports with facets of violence and action: Wrestling, boxing, hockey, martial arts, motor sports, bungee jumping, rock climbing, horseback riding, mountain biking, mountaineering, water rafting, jet skiing
Level 4 - Most risky sports: Hang gliding, parachuting, paramotoring, skydiving
2. Look into the FINE PRINT 8 TIMES IF YOU RELY ON STANDARD Insurance policy
Sports-related injuries during vacations can be sometimes covered under Travel Medical policy but usually than not they are not. So prone to want to rely solely on your overall policy, confident you that you read carefully all the physical conditions or consult the insurance hotline. Often insurance companies offer additional protection for accidents using extreme exercises. Remember consequences of sport injuries can add up to dozens of thousands dollars while you are treated international.
3. Objectives ON HOW 'PROFESSIONAL' Is the SPORT ENGAGEMENT
There are also different ways you can engage in sports. And even though your insurance might be still covering leisure skiing in Mont-Tremblant, Quebec, its going to very likely not provide for any medical expenses related to injuries from Thai boxing fights in Thailand or professional rock climbing competitions in the Rockies. Here the basic rule should be: when do anything, not for leisure only, but this mini keyboard has any hint of professional activity / competition, get a separate extreme sport wellbeing.
4. Are you AN 'EXCLUSION' CASE? Beware!
Even if you think these be fine after getting an extreme sport insurance, have a little more detailed with conditions - typical exclusions in extreme sports medical insurance policies are: Those above any particular age are not covered (age limit varies) Pre-existing issues Injury due to drug abuse during sporting activity Performing sports in unauthorized areas for particular activity Consider that while enjoying your extreme sport - ski race competition outside of the authorized slope might result in unpaid bills rejected on your insurer.
5. DEDICATED EXTREME SPORT INSURANCE Is actually!
There is proper protection for all extreme sport enthusiasts all over! Often you can get further piece of protection, so-called rider on your policy that covers your 'dangerous' hobby sports. Such insurance can cost you lower than $100 for a month but save a lot of headaches in success. Anyway, the objective of this article is in order to mention force to be able to stay in but make clear to you what protection you may require to enjoy your favourite sports while covering your personal bases!
Alex Saltykov is a Co-Founder and CEO of InsurEye Inc (http://www.insureye.com). Alex spent years advising insurance clients within North America and Europe while he was working for one on the leading management consulting providers. His areas of interest are insurance, innovation, IT and function.
InsurEye Incorporated. is a Canadian company, tucked in Toronto, Ontario. Its mission in order to offer people transparency and insights around insurance using modern methods.
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