Life insurance for divers?

[Jules]

Long story and now I am well pissed off.
after filling in a questionaire about my diving activities the monthly quote for my additional life insurance to cover my repayment mortgage has gone up from £14.87 to £47.99 a month!!! I am Dive leader and always dive within the limits of my qualifications.

Does anyone on here work in the insurance industry or recommend a life insurance company that doesn't penalise divers so stupidly?

[tom]

Neither Direct Line nor Legal and General have loaded my premiums for diving (though L&G wanted quite a lot of detail about the kind of diving done).

[Steven]

strange I have several insurances and when I took up diving my PA informed the various companies and stated as you have said that I dive within the limits of my qualifications and none of them have altered any payments!

steven

[MATTBIN]

This has come up before a number of times. If you take out insurance and then start diving, the Co's dont re-calculate your premiums, if however you subsequently take out new insurance they take diving into consideration when assessing the 'risk'. If you change the type of diving you do that also seems to have little or no effect on existing policies. so if you think you might change from a 15m holiday diver to a 100m rebreather diver doing caves, it might be an idea to get insured before you buy the Inspro.

Matt

[Noel Johnson]

Jules, If you can wait a couple of weeks my Father will be back from New Zealand and I can ask him for you. (He's a IFA)

HTH

Noel.

[Jules]

Originally Posted by Noel Johnson

Jules, If you can wait a couple of weeks my Father will be back from New Zealand and I can ask him for you. (He's a IFA)

HTH

Noel.

ok..
It's bad enough that I asked them to put the extra insurance in place when i took the extra money in august. And I only just found out that they didnt when my premiums didn't change and i queried it.

[Nick Kay]

Spooky - was looking on the BSAC website for their postal address and saw a link to a Standard Life advert for BSAC diver life insurance!

[Jay]

Have they categorically stated that they have rated (increased) your premiums because of diving? When did you take out your original policy? If it was years ago and the premiums were guaranteed (ie wouldn't increase over the term) then it could also be your age that has bumped them up noticeable.

Is it pure life cover or does it have critical illness included (that WILL bump the premiums up considerably as rates have gone up recently)

Did they write to your GP for any information - if so, something they have disclosed might also account for the increase. If you are wondering about this then you can request a copy of the GP report.

Diving is not seen as a risk for life assurance acturaries normally - Standard Life are normally on top of their game when it comes to taking a realistic view on their risk book.

[Tony Jay]

[quote=Jay;800317
Diving is not seen as a risk for life assurance acturaries normally - Standard Life are normally on top of their game when it comes to taking a realistic view on their risk book.[/QUOTE]

Some of the life insurance companies appear to disagree !
Life Insurance for Dangerous Sports & Hobbies |  LifeSearch 

and from standard life Why does life assurance for divers cost more?

Tony

[MATTBIN]

I noticed mixed gas, would that be Nitrox or Trimix?

Matt