Sorry for being morbid

**scott411** · 7th June 2007, 15:54

you will find most of these types of cover exclude motorsports and other dangerous activities,, (mine does) i would be very suprised if your policy covers professional racing,

you can get cover for professional racing but it is very expensive, i presume that Shuan would have some cover as thier is a minimum amount of cover set to get an international racing licence,

**Drum** · 7th June 2007, 16:01

I've got life insurance, income protection, mortgage protection etc.

If I die then my missus' gets the house paid off and about 80% of my salary for life. If my missus' dies I get the same to hire a nanny or give up my job to look after the kiddie.

If I'm injured and can't work the house gets paid off.

All this (and some other stuff) costs around $90/month. This excludes all of my home and contents/ car/ bike etc insurance.

**Nasty** · 7th June 2007, 16:06

I was 25 thinking about insurance and figured it could wait till I was 30 .... WRONG ... I not can not get life insurace (well I can with a 400+% loading) and no disability or income protection ... but then medical excludes everything for the disease I have ... life sucks .. get it sorted early guys .. then you won't have these issues.

**riffer** · 7th June 2007, 16:36

I feel your pain Kari.

As I am a type I (insulin-dependent) diabetic I get a $90 a month loading on my life insurance. I was diagnosed with diabetes after an incredibly violent infection of my lymphatic system (they original thought it was non-Hodgkins lymphoma so boy was please it was only diabetes) left my pancreas in ruins.

Apparently I had always had a problem and it just pushed me over the limit.

Fortunately I already had Southern Cross (I've had it since I was 17).

**Firefight** · 7th June 2007, 16:45

Originally Posted by NinjaNanna

I'm sorry I've never heard of "Loss of License Insurance" is this a piss take to do with speeding or something similar to Income Protection Insurance but more specific to the Aviation Industry?

Cheers

Shane

not a piss take, normal term in insurance, have a "Loss Of License Cover"" myself, nothing to do with that little bit of green plastic from LTSA..

F/F

**Toaster** · 7th June 2007, 17:05

Not knowing who Shaun is or what happened.... so what happended?

**marty** · 7th June 2007, 17:16

the search function is your friend.

loss of licence cover pertains to Pilots - their CPL/ATPL is the core of their income stream, and a yealy medical can turn that into Zero $$$ without LOI cover.

truckies etc can get it too, but not for losing due criminal matters

**Oscar** · 7th June 2007, 17:17

Originally Posted by FROSTY

nope mines bad frigggin timing--I quit my job on 18.5.07 had my accident 20.5.07 and was due to start new job 22.5.07 -
OHH --and just a point to all the racers on here.
Im 75% sure that as a KIWI racer you have automatic life cover and racing overseas you are required to have event insurance that covers you for death/repatriation/hospital charges and --Im getting into a gray area for me here but income protection as well --its part of being issued your licence--international licence

Are you talking about Income Protection cover here?

**FROSTY:Me** · 7th June 2007, 17:22

Originally Posted by Oscar

Are you talking about Income Protection cover here?

yep sure am

**Oscar** · 7th June 2007, 17:27

Originally Posted by scott411

you will find most of these types of cover exclude motorsports and other dangerous activities,, (mine does) i would be very suprised if your policy covers professional racing,

you can get cover for professional racing but it is very expensive, i presume that Shuan would have some cover as thier is a minimum amount of cover set to get an international racing licence,

Life & Income Protection Policies do NOT exclude Motor Racing per se.
The only automatic exclusions deal with things like criminal activity, self injury/suicide and war risks.

However if you are actively engaged in racing (or intend to be) when you take the cover out, you are likely to have an exclusion added to the policy.

This means though, that if you take the policy out before you go racing (and you must have no intention of doing so at the time of taking the cover), your policy will cover you.

As an example, I took an Income/Life policy out five years ago and truthfully answered that at that time I no longer raced motorbikes. However, I was persuaded to come out of retirement recently and I would have been covered if something had happened (ironically I broke two fingers playing cricket and had to miss the hillclimb).

**Skunk** · 7th June 2007, 21:18

Originally Posted by NinjaNanna

On this Keystone is correct, if you are hurt on the track then you may well not be covered by Income Protection Insurance, though this will be very clear as part of the application form asks what forms of sport/activities you are involved in.

Many companies probably do not cover motor racing, or will at least increase the price if you are a racer.

I race (well, I try) and I have disability cover, life insurance and income protection at no extra cost while racing. Depends how argumentative you are... people tell me I'm very argumentative.

**Disco Dan** · 7th June 2007, 21:36

I may be young and a little stupid, but I cant understand the need for me to have insurance. It's not like im going to get any money when im dead???

yes, if I crash and almost kill myself then im pretty screwed... but im a nice guy... so karma is my only insurance for now.

**Scorpygirl** · 7th June 2007, 21:54

No..sorry Rhino, I don't have Life Insurance or Loan Protection. Bloody insurance companies load mental illness so high it makes you want to commit suicide!!!

I am not joking either it was beyond belief!!!