Australian Life Insurance which covers rebreather diving?

alexasigno

alexasigno

Member
Hi would love to know who you are using for your Australian Life Insurance?

My wife’s been trying to arrange life insurance for us both. The only place we’ve been able to get quoted from really don’t appear to understand diving physiology, in that they will cover us with no additional premium for air to 45m but then charge us an extra $2k for $1m cover each if we do the same dive on trimix. Anything over 45m up to 100m is the same extra $2k for $1m cover each. Considering they see air diving to 45m safer than trimix I really don’t trust their pricing for us.

Who are you using, do you have any exclusions around wreck, cave, CCR?

Cheers
Alex
 
DAN Europe, they cover me to 130m on whatever I am certified to use, and will cover me potentially past 130m if I write requesting written permission.

I think DAN Australia is the same deal only they cap at 100m.
 
Iain3 said:
DAN Europe, they cover me to 130m on whatever I am certified to use, and will cover me potentially past 130m if I write requesting written permission.

I think DAN Australia is the same deal only they cap at 100m.
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Iain, DAN don't cover death on a CCR
 
alexasigno said:
We both have DAN cover already. But we want life insurance, income protection, disability benefit etc.
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I know for a fact that one CCR diver doing extreme dives has life cover through TAL as I asked him at OZTEK. I believe he is covered for all his diving. I have been meaning to chase them up but have not done it yet. Keep us posted if you find someone.
 
Alex, rather than you giving them a call let the adviser call the under writer and explain the whole thing to them. The underwriter is the one taking the decision and deciding if they exclude it, load it or take it without restriction. Having a good adviser that knows their way around this is worth they weight in gold if you know what I mean. Knowing who to call and what to ask for...


D

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Although it probably won't help this situation, I believe in most cases that if you have pre-existing cover before taking up diving you would still be covered. At the time of taking out insurance, you need to declare all the risky activities you are currently undertaking or intend to. So if you had taken out cover previously, and then subsequently get into diving, the situation is usually OK.

I only mention this because a number of divers may fall into this situation (pre-exisitng cover) and you need to read your policy carefully and think twice before cancelling. If might be really tough getting affordable cover thereafter to cover diving.

Mike
 
Yes, I fall in that case and keep open a superannuation account in some obscure provider just for that purpose.

D

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Sambo said:
I know for a fact that one CCR diver doing extreme dives has life cover through TAL as I asked him at OZTEK. I believe he is covered for all his diving. I have been meaning to chase them up but have not done it yet. Keep us posted if you find someone.
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Called TAL myself today and got told they do net cover cave diving or diving over 30m?? I will follow up with the guy who gave me the details and post here. When I questioned the insurance guy he said TAL is part of tower insurance and tower may be the one who offer a policy to cover deeper diving but to get a policy from them you need a broker

Sent from my HTC Desire
 
Yes, and get a good one. If the group you are dealing through trades enough with a certain company then they have direct access to the underwriter. This will allow the broker/adviser to build a case and discuss it with a human rather than simply get the output out of a system.

Your mileage may vary....

D

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alexasigno said:
Hi would love to know who you are using for your Australian Life Insurance?

My wife’s been trying to arrange life insurance for us both. The only place we’ve been able to get quoted from really don’t appear to understand diving physiology, in that they will cover us with no additional premium for air to 45m but then charge us an extra $2k for $1m cover each if we do the same dive on trimix. Anything over 45m up to 100m is the same extra $2k for $1m cover each. Considering they see air diving to 45m safer than trimix I really don’t trust their pricing for us.

Who are you using, do you have any exclusions around wreck, cave, CCR?

Cheers
Alex
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The rates you are being quoted are very reasonable, I pay more, as far as finding a company thats up to date forget it.

Pay close attention to exclusions though.

Jon
 
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