We recently bought a house and are shopping for term life insurance. Anybody try and sign up for term life insurance. You must disclose if your ride or race motorcycles. :down: I wondering if there are any available which will insure riders and racers.
I am over 45 and the cheapest way for me to go was the mortgage insurance, if myself or the wife dies the house is paid off, no physical and no questions.You are only covered for the balance of payoff on the mortgage but it was better than nothing
I don't recall anything about racing. I vaguely remember skydiving being an issue but it was quite awhile ago when I got mine.
my policy covers me for mc racing. its underwritten through transamerica. after i answered that part of the questioning, they wanted more information about it and my premium was about 4X what it would have been.
I had to sign a statement saying I was done racing competitively or mine was going to be about 5X normal. I actually hadn't been competitive for about 2 yrs, but they didn't care MB
I just went through this over the last few months. I first went to a broker who checked with 4 or 5 underwriters -- all wanted me to pay 4x (approximately). Next I went to Allstate, my current auto/home insurance, they wanted the same 4x. Finally, I found that my local State Farm agent was willing to cover me at their best ("super premium") rates. I recommend checking them out. Your mileage may vary.
