## Does Skydiving Make Your Insurance Go Up?
Introduction
For adrenaline junkies, the thrill of skydiving is unparalleled. However, many people wonder if this extreme sport can have consequences for their insurance premiums. The answer is not always straightforward and depends on various factors. In this article, we will delve into the potential impact of skydiving on different types of insurance and provide tips for mitigating any premium increases.
### Life Insurance
Impact on Policy:
Generally, life insurance policies do not exclude skydiving activities unless they are performed professionally or in a competition. However, some insurance companies may consider skydiving a “hazardous activity” and apply a surcharge or exclusion to the policy.
Mitigating Premium Increases:
Inform the insurer: Disclose your skydiving activity to the insurance company when applying for or renewing your policy.
Provide proof of experience: If you have completed several skydives, provide documentation that demonstrates your skill and experience.
Consider additional insurance: If your life insurance policy excludes skydiving, you may consider purchasing a separate adventure sports policy that covers this activity.
### Health Insurance
Impact on Policy:
Most health insurance policies do not cover injuries sustained during skydiving, as they consider it a dangerous activity. However, if the injury is unrelated to the skydive, such as a broken bone from a landing accident, it should be covered under the policy.
Mitigating Premium Increases:
Avoid filing claims: If possible, refrain from filing claims related to skydiving injuries. A history of claims can increase your premiums.
Enroll in a high-deductible plan: A high-deductible plan has lower premiums but requires you to pay more out-of-pocket expenses before insurance kicks in. This can be a good option if you don’t expect to file claims frequently.
### Travel Insurance
Impact on Policy:
Travel insurance policies may exclude skydiving coverage or provide limited protection. It’s crucial to read the policy details carefully before purchasing. Some policies may offer coverage for skydiving if it is arranged through a licensed operator and you meet certain requirements.
Mitigating Premium Increases:
Purchase a specific adventure sports policy: Consider purchasing a dedicated adventure sports policy that covers skydiving and other extreme activities.
Negotiate with the insurer: If possible, negotiate with the insurance company to include skydiving coverage in your travel insurance policy.
### Disability Insurance
Impact on Policy:
Disability insurance policies generally exclude coverage for injuries resulting from high-risk activities such as skydiving. This is because these activities are considered outside the scope of normal occupational hazards.
Mitigating Premium Increases:
Seek alternative coverage: Explore other types of disability insurance that may cover injuries from high-risk activities.
Consider a group policy: Group disability insurance policies often cover a wider range of activities than individual policies.
### Homeowners/Renters Insurance
Impact on Policy:
Homeowners and renters insurance policies typically do not exclude skydiving. However, if the policyholder is seriously injured or killed while skydiving, the policy may cover expenses related to property damage or loss of income.
Mitigating Premium Increases:
Inform the insurer: Disclose your skydiving activity to the insurance provider. While it may not affect the policy, it’s best to be transparent.
Maintain a good safety record: Having a clean driving record and no history of accidents or claims can help maintain lower premiums.
### Other Considerations
State laws: Insurance regulations vary by state. Consult with your insurance provider and review the policy details to determine the specific impact of skydiving on your coverage.
Professional skydiving: If you are a professional skydiver or compete in skydiving events, your insurance premiums may be significantly higher due to the increased risk.
Medical history: Pre-existing medical conditions or previous injuries can also influence insurance premiums. Be honest with your insurance provider about any health concerns.
### Conclusion
Whether skydiving makes your insurance go up depends on various factors, including the type of insurance, the individual policy, and your personal circumstances. By disclosing your skydiving activity to insurers, providing proof of experience, and considering additional coverage options, you can mitigate potential premium increases and ensure you have adequate protection. Remember to carefully review your policies and consult with an insurance professional for specific advice.