Insurance...the Life kind???

[Hammerhead Ferrari]

Recently while updating some of my insurance and mutual funds junk with my broker we began a discussion about our various diving trips and such...he informed me that my life insurance policy is absolutely null and void while cave diving. He has done a little research since for me and has not been able to find anyone who will offer life insurance while cave diving, even while staying within my certification zone!
I have found several that will cover me while drag racing, because they have people on staff who understand it, and as long as I am licensed and qualified to operate the race vehicle I am operating, I am fully covered.
Does anyone know of a life insurance company that is willing to deal with cave divers that, like drag racing understand it, and therefore as long as you are trained and stay within certification limits, will also be fully covered???

[RN]

I'm not sure whether it covers you while cave diving or not, and the highest policy you can get is $200,000, but DAN offers life insurance to divers. You may want to check their policy out.

[Kaneo]

i have had allstate insurance since 1982 and since they covered me then and i was not diving, then after 2 years thay have to leave it in effect. it was the same when i started taking flying lessons. i have since bought another policy about 6 years ago and they siad it was ok since I was cave diving about 14 weeks a year at that time. i went back to them a couple of years ago and tried to either raise the amount of the policy or get an additional policy and the premium was going to be about $20k per year on that policy alone so I did not do it.

[Tegg]

Actually, if you purchased a whole life policy and you started cavediving AFTER you purchased it, you would be covered.

Whole Life insurance policies go by what was on the application, not what you currently participate in. Thus, if they asked about diving activities when you applied and you told the truth, then you would be covered unless they explicitly state that diving accidents will not be covered (never have seen that myself).

I have 3 life policies. One of which I got prior to all of my "diving activities" and as such they have no say in what I do today. The other two I got prior to my cave diving certification date, thus I was only an OW diver at the time and they quoted me as such.

All 3 will pay when I die... in a cave or not.

If your broker is telling you otherwise and cannot show you the actual statement in the policy you currently have that states they will not cover you in a diving accident, I would look for a new broker... (just an opinion)

There are policies that will accept cavedivers, they just rate you higher... I find what they don't like is the deep diving.... >300ft. You may find term policies are more "forgiving" of certain activities.

[jj1987]

I've got to start looking into this as well. I'd love to get in on a very low fixed rate while I'm young, should give me one less thing to worry about later in life (hopefully).

[FW]

I had a student that was a doctor, who had a problem with life insurance. He threatened to change companies, for all his insurance, and they agreed to let him cave dive.

[Trailridgefire]

Check on the internet with Zander insurance. I recommend TERM life insurance about 10 times your annual income. Doesnt cost much at all. They have contact numbers on their website.

[Kelly Jessop]

Insurance companies don't get rich by paying claims,if fact they do the opposite as much as possible. I'd sure want it in writing from the insurance carrier versus a verbal affirmitive from an agent. If something does happen, you don't want it tied up in litigation for years,thus keeping the beneficiary waiting when bills are due.

[Cindy]

You need to also be aware that all policies have a "do not pay if involved in a illegal activity". That includes diving where it is illegal or during trespassing. So if you die at a closed site make sure your buddies drag you someplace open, stuff you in a legal cave and then call for help.

[Kelly Jessop]

You need to also be aware that all policies have a "do not pay if involved in a illegal activity". That includes diving where it is illegal or during trespassing. So if you die at a closed site make sure your buddies drag you someplace open, stuff you in a legal cave and then call for help.

May be tough to explain why my dive computer says 330',and I am found near pot hole in Peacock with 10/60 in my tanks