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Affordable Life Insurance for Drag Boat Racers

Jack Venturi Boat Racing, Term life insurance Comments Off on Affordable Life Insurance for Drag Boat Racers

Affordable Life insurance for boat racingIf you participate in drag boat racing or any other form of boat racing events you probably know by now this is considered a hazardous sport by the insurance industry. This also holds true for auto racing which would include NHRA drag racing and oval track classes such as NASCAR stock car racing and various others.

All these drivers are in the “same boat” when it comes to purchasing life insurance products. There are many good forms of life insurance such as the popular Term life insurance and for a permanent type plan design we have Universal life insurance. The rates will vary by the type of boat you drive and how fast you normally propel yourself across the water.

Life insurance rates for drag boat racers will mainly depend on the speed of the boat from the lowest tier group being less than 80MPH to The Unlimited Hydro & Jet boats classes.

Amateurs and professional boat drivers alike can purchase life insurance which will cover them from loss of life stemming from a natural illness to a fatal crash in a boat race. These types of policies have no exclusions except for the two year waiting period for suicide. We also have companies that will provide you with a life insurance policy can cover you from every cause of death except driving a racing boat. These types of policies do not cost anymore that a standard life insurance policy that has no exposure to racing of any kind.

Applying for life insurance for automotive drag racing to boat racing is very similar. Top speed is going to be the main differential in the premium.

The underwriting process runs on a one on one basis where we normally use a racing questionnaire to pre-screen the applicant so there are no surprises when the application process has been completed and the final rates have been established. You basically have two main choices when you purchase this type of life insurance. Do you want to pay the extra premium for being covered by the life insurance policy while you are in the act of racing or do you want to go the exclusion route which would not cover you if you were driving the boat and had a fatal crash?

The life insurance companies use a flat rate when adding on the additional cost of insuring the applicant while being covered in the act of racing.

For example the flat rates could be $2.00 per every thousand dollars of coverage or higher such as $2.50 and more depending on your boat and top speed. Usually life insurance is going to be very affordable for the average person. The main goal is to use the most appropriate life insurance company with the lowest life insurance rates. Also the company that is less sensitive to the racing sports will come through with the lowest premiums.

This is where an experienced life insurance broker experienced in the racing sports has a considerable advantage. We have been insuring race car and race boat drivers for over 20 years. Just being able to understand what goes on in a race is good experience for the insurance professional. I have had many years of hands on experience in both drag racing and boat racing.

If you are a professional driver of a Top Fuel Hydro boat design or a weekend racer in a basic flat bottom boat, we can help you find the best Term life insurance with the lowest premiums.

We use over 40 of the highest rated and most trusted companies in America. We would usually tell people to feel free using our consumer quotes engine to compare Term and Universal life insurance from over 40 life insurance companies on our quote engine, but this high risk life insurance has to be quoted on a one on one basis for projected premium accuracy.

Low cost life insurance for boat racersFeel free to contact us 7 day a week for all the help you will need to view all your life insurance options. We can answer all your questions and provide you with life insurance quotes in usually less than 30 minutes. We also use a very simple and easy telephone application process that is much more convenient that the paper and online application that are still being used by many of our competitors. Thank you for reading our blog post Affordable Life Insurance for Drag Boat Racers.

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About the author

Jack Venturi

Jack Venturi has been a licensed insurance broker for more than 25 years specializing in all forms of life insurance products in all 50 states. Learn more about him at bestchoicelifeinsurance.com

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