Ballooning & Life Insurance
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Hot air ballooning is definitely an interesting experience. I did it over the Valley of the Kings in Egypt and it was amazing.
When you apply for life insurance, hot air ballooning will be looked at by the insurer to see if they think what you are doing is high risk.
We will ask you:
- How often you do ballooning?
- Does the balloon remain tethered or is it in free flight?
- Is this a one-off experience day?
- Are you part of a reputable association of ballooners?
- Are you taking part in competitions?
- Are you hot air ballooning in the UK or abroad?
Where there is no competitive aspects to your hot air ballooning, you may be able to secure life insurance at normal terms, however if you spend a great detail of time in the air each year your policy premiums might be increased.
Where you take part in record attempts or racing it is possible that your application will be referred for additional underwriting on a case by case basis. We do have specialist insurers that we can approach for your life insurance if need be. This doesn’t mean automatically mean silly pricing or unusual insurance wording.
Our advisers are here to help you find the best life insurance for you.
Critical illness cover pays out a cash lump sum of money, if you are diagnosed with a medical condition that is listed in the insurer’s claims set e.g. cancer, heart attack, stroke.
Critical illness insurance for people that take part in ballooning can be available at standard terms, depending upon your specific circumstances. A one-off ballooning experience is very unlikely to affect your critical illness cover application.
If you are due to take part in any hot air balloon competitions you might find that some insurers want to place an exclusion on the policy claims set.
Our award winning advisers are here to find the best insurer and critical illness cover for you.
Income protection pays you a replacement of your monthly income, if you are unable to work due to ill health.
Income protection for hot air ballooners may be available at standard rates. This might be determined by whether the balloon is tethered or not.
Your choice of insurer will need to be picked carefully to try make sure that you get the best terms for income protection.
Our expert advisers will find the best insurer to give you the peace of mind that comes with income protection.
Ballooning is the activity of flying through the air whilst in a basket attached to a large balloon. The flight is sustained by natural air currents, a burner situated within the craft and the pilots ability to steer the balloon. In general hot air balloons are free-flying craft for leisure purposes but they can also be tethered to the ground for short flight experiences.
Insurers like to know quite a few things about you before they will offer life insurance, critical illness cover or income protection. Key things they like to know about are your health, occupation, travel and sports.
This is because they want to check if anything that you are doing is placing you at higher risk of making a claim. With hot air ballooning there is more of a risk that you could claim on these insurance policies, than if you don’t do it. The insurer just wants to make sure that they have all the details that they need to figure out the terms that they are able to offer to you.
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