Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Advocacy & Safety Cyclists should expect and demand safe accommodation on every public road, just as do all other users. Discuss your bicycle advocacy and safety concerns here.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 08-14-05, 08:34 AM   #1
BeTheChange
Climb on my trusty steed
Thread Starter
 
BeTheChange's Avatar
 
Join Date: Mar 2004
Location: Boone, NC
Bikes: trek 520, specialized stumpjumper pro
Posts: 641
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Can Cyclist Get Life Insurance?

My friend who is usually full of misinformation told me that road cyclists can't get life insurance. But I would think since the benifits far outweigh the risks that he is full of crap. Anybody know much about this subject?
BeTheChange is offline   Reply With Quote
Old 08-14-05, 08:40 AM   #2
Slow Train
Senior Member
 
Join Date: Jun 2005
Location: Washington, DC
Bikes: 2006 Specialized S-Works Tricross
Posts: 462
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Your friend is holding true to form.
Slow Train is offline   Reply With Quote
Old 08-14-05, 08:59 AM   #3
oboeguy
34x25 FTW!
 
oboeguy's Avatar
 
Join Date: Sep 2004
Location: NYC
Bikes: Kona Jake, Scott CR1, Dahon SpeedPro
Posts: 6,013
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Yeah your friend is right. This is how the form looked for me:

Code:
1. Do you ride road bikes? (Please check only one)

    ___ Yes
    ___ No

2. If you answered "Yes" to 1, don't bother to fill out the rest of the form.
oboeguy is offline   Reply With Quote
Old 08-14-05, 09:02 AM   #4
Cycliste
Member
 
Join Date: Sep 2003
Bikes: Surley LHT, Cannondale R1000, IBEX Ignition, Bianchi Boardwalk, KHS Milano Tandem
Posts: 880
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Road cycling is no more dangerous than many other activities. In fact, fitness increase should entitle to a premium discount. People with high risk professions do get life insurance, I don't understand why cycling would disqualify..
Cycliste is offline   Reply With Quote
Old 08-14-05, 01:28 PM   #5
JamesV
Gitchur SUV Away From Me
 
Join Date: Aug 2004
Location: Carmichael, California
Bikes:
Posts: 212
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Cyclists can get life insurance at regular rates. If you participate in "mountain climbing, hang gliding, bungee jumping, helicopter skiing, sky diving, motorcycle or auto racing, big-wave surfing, deep-sea diving or flying," then you will pay higher rates [source].
JamesV is offline   Reply With Quote
Old 08-14-05, 04:12 PM   #6
chroot
Newbie Extraordinaire
 
Join Date: Jul 2004
Location: Just outside San Fransicsco
Bikes: Trek 1000
Posts: 556
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
My company provides my life insurance, and there was no "cycling" box to check. They were most interested in whether or not I smoked, since, statistically, that's a lot more significant than cycling.

- Warren
chroot is offline   Reply With Quote
Old 08-14-05, 05:51 PM   #7
Roody
Sophomoric Member
 
Roody's Avatar
 
Join Date: Jan 2005
Location: Dancing in Lansing
Bikes:
Posts: 23,727
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 297 Post(s)
Insurance company actuaries must think that cycling is at least as safe as driving a car or walking.
Roody is offline   Reply With Quote
Old 08-14-05, 07:15 PM   #8
DieselDan
Senior Member
 
DieselDan's Avatar
 
Join Date: Mar 2003
Location: Beaufort, South Carolina, USA and surrounding islands.
Bikes: Cannondale R500, Motobecane Messenger
Posts: 8,521
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
If I can't life insurance as a cyclist, then no one should be able to get insurance since driving or riding in an automobile is 20X more dangerous.
DieselDan is offline   Reply With Quote
Old 08-14-05, 08:59 PM   #9
I-Like-To-Bike
Been Around Awhile
 
I-Like-To-Bike's Avatar
 
Join Date: Oct 2004
Location: Burlington Iowa
Bikes: Vaterland and Ragazzi
Posts: 24,108
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 6 Post(s)
Quote:
Originally Posted by BeTheChange
My friend who is usually full of misinformation told me that road cyclists can't get life insurance. But I would think since the benifits far outweigh the risks that he is full of crap. Anybody know much about this subject?
An Urban Legend? Or as previously noted your friend is consistent in the quality of his information. Pay no attention to the fool.
I-Like-To-Bike is offline   Reply With Quote
Old 08-14-05, 10:47 PM   #10
biodiesel
Senior Member
 
biodiesel's Avatar
 
Join Date: Apr 2005
Bikes:
Posts: 543
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
BS detector BEEP BEEP

You can get life insurance if you snowboard or ski, if you deep sea dive or if you jump naked out of airplanes at 15000 feet and still get life insurance.

rates don't even change unless its professional.
biodiesel is offline   Reply With Quote
Old 08-14-05, 11:22 PM   #11
Guest
Guest
 
Bikes:
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
Quoted: Post(s)
I got very good insurance, and well... I ride.

Tell her just to calm down and relax. Plenty of cyclists get insurance.

Koffee
  Reply With Quote
Old 08-15-05, 08:52 AM   #12
HiYoSilver
Rides again
 
HiYoSilver's Avatar
 
Join Date: Oct 2004
Location: W. Sacramento Region, aka, Nut Tree
Bikes: Giant OCR T, Trek SC
Posts: 3,259
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Life insurance should not be an issue for any major insurer. Disability insurance would be an issue for a pro cyclist just like any pro athlete. Issues would be: 1. is coverage available?, 2. how long benefit period?, and 3. premium. For none pro, there should not be a risk factor.
HiYoSilver is offline   Reply With Quote
Old 08-15-05, 09:25 AM   #13
Keith99
Senior Member
 
Keith99's Avatar
 
Join Date: Apr 2005
Bikes:
Posts: 5,866
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I'm not an agent or an actuary. I'm a programmer. But my previuos job was with a managing general agency and I saw a lot of forms. Light aviation, scuba diving and frequent foriegn travel were all common questions. BUT none of these prevented someone from getting insurance. Worst case was an exclusion (e.g. die during or as a result of the activity and they don't pay). But that was common only for the foreign travel, for the others it was just a surcharge.

I never saw a cycling question. If they don't ask they don't think it important on an acturial basis.
Keith99 is offline   Reply With Quote
Old 08-15-05, 01:27 PM   #14
mpop
Senior Member
 
mpop's Avatar
 
Join Date: May 2005
Location: Indian Head MD (formaly of Pittsburgh, PA)
Bikes: Raleigh C40
Posts: 259
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Keith99, why would scuba be an issue, I am certified for scuba, and if you ask me, it is safer then road biking (which I also do). So why would they care if some one had a c-card?
mpop is offline   Reply With Quote
Old 08-15-05, 04:44 PM   #15
HiYoSilver
Rides again
 
HiYoSilver's Avatar
 
Join Date: Oct 2004
Location: W. Sacramento Region, aka, Nut Tree
Bikes: Giant OCR T, Trek SC
Posts: 3,259
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Scuba is an issue. Insurance companies think of this as high risk and will ask:

1. certification
2. dive frequency
3. depth of dives

All as a part of the underwriting process. The underwriting process is driven by acturial tables. The deeper you go and the more frequency the higher the risk. Snorkel is not usually rated higher, but whenever an applicant is an active scuba driver. There will be a question. The degree of scrutiny depends on the face amount of the insurance policy. It would be rare that a scuba diver is declined, but there well might be an additional surcharge, or rating, on the policy.
HiYoSilver is offline   Reply With Quote
Old 08-16-05, 11:09 AM   #16
mpop
Senior Member
 
mpop's Avatar
 
Join Date: May 2005
Location: Indian Head MD (formaly of Pittsburgh, PA)
Bikes: Raleigh C40
Posts: 259
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
in my opion Scuba is safer the biking on the roads. When you go scuba diving your safty is fully in your own hands, while road biking your safty is in the hands of others, that would rather hit you then look at you.
mpop is offline   Reply With Quote
Old 08-16-05, 11:20 AM   #17
HiYoSilver
Rides again
 
HiYoSilver's Avatar
 
Join Date: Oct 2004
Location: W. Sacramento Region, aka, Nut Tree
Bikes: Giant OCR T, Trek SC
Posts: 3,259
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Mpop,

I understand, but in the insurance game it's all about risk tables and the companies historical practices. Probably cause well healed purchasers are more likely to go scuba diving than to go cycling. All it takes is a few claims on large policies for some exec to ask for mortality risk data.

You could always get a rider to exclude death by scuba as an alternative to a premium rating.
HiYoSilver is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 12:00 AM.