Life and TPD insurance

northvanguy said:
I get it sorted and am comfortable that I actually have coverage for mtn biking
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I need to follow up too. I'm relying on Super insurance. But asked a question a long time ago when the fund merged, crickets. Better follow up. But it's chasing the tail. They renew these policies so you technically should be looking at them annually!
 
I came across this thread as I was upgrading my TPD amount and adding IP. This was through Hostplus super (underwritten by metlife). When I select mountain biking it asks do I participate in freeriding or downhill biking or do I participate in competitions. If I click yes to either then it exludes mountain biking altogether but if I select no then there is no exclusion.
 
Juddsta said:
I came across this thread as I was upgrading my TPD amount and adding IP. This was through Hostplus super (underwritten by metlife). When I select mountain biking it asks do I participate in freeriding or downhill biking or do I participate in competitions. If I click yes to either then it exludes mountain biking altogether but if I select no then there is no exclusion.
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In other words it doesn't really matter which option you tick, as a claim caused by such activities would not be covered.
 
teK-- said:
In other words it doesn't really matter which option you tick, as a claim caused by such activities would not be covered.
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to clarify I can click yes to mountain biking and no to freeriding/dh/competitions and it doesn't have an exclusion. Obviously would not be covered if I did any of those things. But does doing any jump mean freeride? Does riding Enduro mean downhill? It's not clear.
 
Juddsta said:
to clarify I can click yes to mountain biking and no to freeriding/dh/competitions and it doesn't have an exclusion. Obviously would not be covered if I did any of those things. But does doing any jump mean freeride? Does riding Enduro mean downhill? It's not clear.
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As always check the PDS first and/or get it in writing from a consultant if it's still not clear what their definitions are. Last thing that you want is to be left high and dry on a technicality if the worst does happen.
 
Juddsta said:
to clarify I can click yes to mountain biking and no to freeriding/dh/competitions and it doesn't have an exclusion. Obviously would not be covered if I did any of those things. But does doing any jump mean freeride? Does riding Enduro mean downhill? It's not clear.
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It's anyone's guess. In my eyes freeride is going totally off piste, ala Red Bull Rampage type of riding. But who knows what the insurer means. They might even include all unsanctioned trails as freeriding.
 
How good that my google search picked up this thread on good ol' rotorburn...

I too have been knocked back by TAL for TPD incl MTB coverage, as per OP et al. I'm now facing a choice of moving to TAL for way cheaper but no MTB coverage, or sticking with the current insurer, whom I've been with for ages and didn't ask questions about mtb originally... but is way more expensive. I may need to check the fine print in the current PDS to see if there is any sneaky exclusions now, and factor that in.

This sucks.
 
i_s said:
How good that my google search picked up this thread on good ol' rotorburn...

I too have been knocked back by TAL for TPD incl MTB coverage, as per OP et al. I'm now facing a choice of moving to TAL for way cheaper but no MTB coverage, or sticking with the current insurer, whom I've been with for ages and didn't ask questions about mtb originally... but is way more expensive. I may need to check the fine print in the current PDS to see if there is any sneaky exclusions now, and factor that in.

This sucks.
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I’ve asked TAL via Australiansuper to review my MTB exclusion or suggest a fair loading. I’ve explained that I don’t race or participate in any events. It’s purely recreational.

I hold little hope though

I had my first call with Skye (private company that helps you find insurance) based on a recommendation from @tek. If TAL doesn’t come to the table I’ll likely pay the $300 fee and hope that they are able to find me the right TPD and Life without the exclusion.


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northvanguy said:
I’ve asked TAL via Australiansuper to review my MTB exclusion or suggest a fair loading. I’ve explained that I don’t race or participate in any events. It’s purely recreational.

I hold little hope though

I had my first call with Skye (private company that helps you find insurance) based on a recommendation from @tek. If TAL doesn’t come to the table I’ll likely pay the $300 fee and hope that they are able to find me the right TPD and Life without the exclusion.


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My broker contacted TAL directly and I already specified I only do social riding. TAL stated they don’t offer an option. It’s a blanket exclusion and you can’t add coverage for a higher premium etc.

I’m pretty lucky that in my line of work (desk) employers would need to accomodate most disabilities if the worst was to happen. So we’re weighing up the likelihood of a Mtb incident resulting in severe brain damage. Maybe low.

Alternatively my wife just made the point that I would be covered for death, so go harder and if you crash do it properly. Funny girl.

It helps to talk. Thanks for this post.
 
Unless you're so out of it you "weren't sure what you were saying" (due to potential concussion from the crash, etc...), I'm pretty sure people only crash while gravel riding on marked dirt roads. ;) The verges behind those downhill hairpins can be treacherous... The can be rocks, trees, gravel, kickers, skinnies, drops err - all sorts of things!
 
On a different note, does your current provider provide premium projections into the future? I saw mine and as soon as I hit 50, the premium skyrockets. It made me really think what is the value/purpose of it besides gouging us in the off case it is needed.
 
You can also look at what state cycling groups offer - they typically (always) exclude racing but cover MTB. ie Bicycle QLD, Bicycle NSW, Bike SA etc. They all have personal accident and public liability coverage for about $130ish/year
 
mekros said:
On a different note, does your current provider provide premium projections into the future? I saw mine and as soon as I hit 50, the premium skyrockets. It made me really think what is the value/purpose of it besides gouging us in the off case it is needed.
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it always pays to review your insurance level. Life insurance goes up as you get older, and as we get a bit closer to retirement the cover we need so one of us can support the kids through to independence in the worst case goes down, we just dont have that many income producing years left that would need replacing, and we're closer to living off the retirement funds we already have. If we left it alone the cover and the price climbed a lot. so we just cut my life insurance in half, after doing the sums for whats needed from current age on
 
Alright - so an update from me after many months of puttering along trying to sort this out.

I've managed to get to a pretty good spot through my superannuation (AusSuper) insurance (TAL) by simply re-applying for my coverage. Basically every 2 years you can re-apply or just allow your coverage to continue. Given that I know no one is going to read back on this thread - 2 years ago i applied for extra Life and TPD insurance beyond the standard to roughly $1.5m each. It asked me about mtn biking specifically (along with other 'extreme' sports) and I ticked the box that I participate. That then meant mtb was an exclusion on my policy for everything.

Recently i was told to re-apply for the insurance which i did, which means you need to reconfirm your details including the participation in your "pastime" that you declared the first time around. However, this time, mtb is no longer an exclusion from my TPD and Life, and is only an exclusion for Income Protection but even that is only for over $6,000 (policy set to $6,500).

So i finally got a good result without having to go through any major hurdles.

I do appreciate the guidance i got from some others on here (@teK-- ) and would have gone through a broker he suggested had this not worked out.

For everyone, particularly with mortgage and family, I personally don't think it's worth assuming you're covered because it never says you're not and it's worth taking a close look and being proactive to ensure you have it somewhere in writing that you have coverage (of course dont blow your cover if you're confident you are covered and end up with an exclusion!)
 
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