Quote:
Originally Posted by squiggs96
I am requesting people evaluate their needs and get proper insurance coverage. At a minimum you should have some type of life insurance. I choose to have term life. I have a UCI race license through Cycling BC which provides me other insurance coverage for events and training rides. There is ride accident and general liability included with this. I did a quick look on the Alberta Bicycle Association and there are similar insurance products there if you are a member. It might even be worth getting a race license if it covers you for the insurance. I'm not an insurance professional, so please speak to your trusted advisor.
From the insurance program on Cycling BC:
When I was an employee of companies I had AD&D, STD, LTD, term life insurance products as part of my benefit package. I would supplement these products with other coverage personally. Now that I am a business owner, I purchase greater coverage to ensure I'm adequately covered.
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This subject has definitely been on my mind, and bothersome. Having recently suddenly also lost all of the above benefits... now what? I'm a frequent cyclist too. If I get work... how long will that take? Do I get interim insurance and how long until it takes effect and is valid? Not to mention the costs start adding up between AD&D, STD, term, dental, and general health. Not ready for early retirement (not enough $$$ banked) so there is definitely some risk there. Then ya gotta figure how much coverage is really necessary?