Motorsports Life Insurance & Critical Illness Plans

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 10th March 2024

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Whatever your participation in motorsports, do you want continuous peace of mind? Carry on reading and find out how Insurance Hero can provide life cover for your loved ones, allowing you to undertake your chosen motorsport with complete peace of mind.

Some sound reasons to consider getting a quote today:

  • Those involved in motorsports (amateur and professional) can get affordable, comprehensive life insurance
  • Get a quick and free quote without having to visit an office
  • You are not required to purchase insurance after you have received your quote
  • You have many options for coverage. These include mortgage and critical illness coverage.
  • Flexible coverage for whole-life insurance plans
  • Outstanding customer service reviews have been received
  • Great rates for shared coverage policies
  • We will let you know how much motorsport life insurance costs and which policies suit your budget.
  • Excellent rates on shared coverage for same-sex couples
  • You can get critical illness coverage separately or together with your life insurance for a small additional cost

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The Impact Of Motor Sports On Life Insurance and Associated Covers

Motorsport is an activity with a broad variance in risk. Events in motorsport are extensive, which can be challenging for life insurers.

Consider the shortlist below for an idea of the breadth of participation in motorsports:

  • Are you a professional racing driver?
  • An instructor
  • Participate in motocross
  • Participate in car rallies and endurance events
  • Take part in regular track days
  • Do you participate in offshore powerboat racing?

Insurance Hero Will Quote To Include Your Motor Sport Activities

Insurance Hero has forged strong relationships with specialist underwriters, including those insuring motorsport activities.

Our aim, wherever possible, is to have your motorsport activities included as part of your sportsperson life insurance policy and not excluded. Depending on your motorsport participation, insurers may load premiums, not quote, or prohibit your activity from the life cover.

We want to know the nature of your motorsport activities fully. We use a fact-finding questionnaire we complete with you, allowing us to pass accurate details of your motorsport participation to underwriters.

Insurance underwriters will want to know the extent of your motorsport activities before offering motorsports life insurance, income protection, and critical illness coverage.

life insurance for motocross

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  • Our price match promise means we will find you the right cover for your personal circumstances at the lowest price possible. Terms & Conditions and Privacy Policy

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Typical questions may include:

  • What type of motorsports are you involved in?
  • What is the frequency of your sporting activity?
  • Are you involved in cars, motorbikes or boats?
  • What is the horsepower or engine used in your motorsport activity?
  • What is your level of participation in motorsports?
  • Recreational
  • Amateur
  • Semi-professional
  • Professional

How Does Life Insurance Cover With Motor Sports Work?

Life insurance cover provides a financial lump sum to designated beneficiaries on a policy should the policyholder die. The size of the pay-out is at the outset of the life cover policy. Insurance Hero, through a fact-finding questionnaire, will get an overview of your circumstances.

There are reasons for getting life insurance. One of these is to ensure any financial debt settlement should you die.

Such commitments may include but not be limited to the following:

  • Personal loans
  • Outstanding mortgage
  • Credit card debt
  • Car loan
  • Hire purchase agreements
  • Equity release
  • Hire purchase
  • Bank overdrafts

Another reason may be to provide your family with a regular income to replace your salary should anything happen to you, which is helpful if you are the household’s primary breadwinner, Mother Or Father.

Even if you have no debt and no mortgage, providing for your wife and children in the event of your death is useful.

Our friendly team can help you get that motorsport life insurance quote tailored to your needs, including your motorsport activities. Contact our brokers on 0203 129 88 66 for a no-obligation chat and quote.

Critical Illness Cover Explained

What would happen to you and your dependents if you can no longer work following the diagnosis of an illness or a life-changing medical procedure?

A critical illness policy, like other types of life cover, provides a lump sum payment in return for paying regular premiums over the life of the cover.

The payout size is at the outset of the policy, where Insurance Hero will run through a fact-finding questionnaire to understand your specific requirements should you be no longer able to work.

To provide accurate information to our specialist underwriters, we will ascertain:

  • Your monthly financial needs
  • Your general personal health
  • Financial liabilities
  • The needs of your dependents
  • The nature of the job you do
  • Participation in higher-risk pursuits, including motorsports

Based on this information, we will work with you to develop a lump sum requirement and policy duration and let the underwriter return with a corresponding premium.

Not all illnesses or medical procedures have critical illness cover and are in the policy.

An example of diseases generally covered includes but is not limited to the following:

  • Progressive supranuclear palsy
  • Heart attack
  • Benign spinal cord tumour
  • Pulmonary artery surgery
  • Structural heart surgery
  • Liver failure
  • Stroke
  • Cardiac arrest
  • Heart valve replacement or repair
  • Multiple system atrophy
  • Systematic lupus erythematosus
  • Traumatic brain surgery
  • Coronary artery by-pass grafts
  • Liver failure
  • Creutzfeldt-Jakob disease
  • Aorta graft surgery
  • Alzheimer’s disease or pre-senile dementia
  • Loss of Speech permanently
  • Loss of hand or foot
  • Devic’s disease

A typical policy will pay out if you survive for ten days after diagnosis of a qualifying critical illness, providing peace of mind for your family.

Do you need critical illness cover that also accounts for your motorsport participation? Contact our professional team of brokers for a free, no-obligation quote today at 0203 129 88 66. Your policy is our priority!

About Motorsport Income Protection Cover

As with other types of associated motorsports life insurance cover, income protection provides you with a regular salary should you be unable to work. At the same time, you recover from an illness or accident.

As an amateur or professional motorsport participant, you may have a crash that keeps you from returning to your day job. Income protection cover can fill this gap if your employment contract does not pay you if you are not working or only for an initial period.

After a claim, income protection will come into effect after a pre-agreed period from one month up to one year. At the start of the policy, the size of the required premium to meet your salary is required. The plan’s duration is also decided and could be up to retirement age.

Consider income protection if you have financial commitments, including some of the following:

  • An outstanding mortgage
  • Equity release
  • Personal loans
  • Credit card debt
  • Car loan
  • Hire purchase agreements
  • Bank overdrafts

For more information on all types of life cover, including income protection, contact Insurance Hero. We will endeavour to include your participation in motorsports as part of your policy.