Archive for the 'Advice' Category

Recreational shooting – trail bike riding – scuba diving – am I covered?

Thursday 1st November 2012

The “trick” with insurance is DISCLOSURE.

If you tell the insurer at the outset about your pastimes they can chose to cover you.  At the outset means – when you first apply for the cover.

When you disclose your pastimes the insurer has the option of offering cover for these activities or offering the cover with an exclusion for these activities.  For some activities, such as playing football, the insurer might offer a choice of an exclusion, a higher premium, or, in the case of income protection, a longer wait just for that activity.

I have recently secured full cover for clients who participate in recreational shooting (small game hunting), trail bike riding and scuba diving – no exclusions and no extra premiums.  Sometimes there are provisos.  For example with diving,  insurers are reluctant to provide cover for night diving, diving in wrecks and pot holes.

If you don’t disclose – and this goes for medical history as well as pastimes – you run the risk of your future claim not being paid.    Who wants that?

So disclose disclose disclose.  Or as my dad used to say when coaching me for debating  “tell them what you plan to tell them,  then tell them,  then tell them what you have told them”.

Anita Muecke