Image
Icon

Directory

IconAssociations and Institutes
IconBBBEE Consulting and Verification Agencies
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconFinancial Planners
IconLife Insurance Companies
IconLife Insurance Products
IconOmbud
IconOnline Quotes
IconPublic Loss Adjustors
IconPublications
IconRe-insurance Companies
IconRegulatory Authorities
IconSocial Grants (Government)
IconWellness Programs
Advertise Here
  Subscribe To »

Cover essential for extreme sports ahead of head injury awareness day

Published

2012

Tue

20

Mar

With approximately 89 000 new cases of Traumatic Brain Injury (TBI) reported in South Africa every year, according to Statistics South Africa, it is essential for people engaging in unusual or extreme sports to ensure that their life insurance and disability policies are up-to-date and covers them in the event of an accident to avoid unnecessary financial strain.

 

Ahead of Head Injury Awareness Day on 20 March 2012, Dr Dominique Stott, Executive: Medical Standards and Services at PPS, says consumers who partake in extreme sports face an increased risk of TBI and must ensure they practice appropriate safety measures and have essential insurance cover in place before embarking on any hazardous pursuits.

 

“Head injuries can have serious medical repercussions, ranging from memory loss, to severe paralysis, or even death. It is vital that people realise the skull does not need to be crushed in order to cause TBI; a simple fall off a bike without wearing a helmet can damage one’s life forever.”

 

Dr Stott says leading causes of TBI in South Africa include: motor vehicle, bicycle, or vehicle-pedestrian accidents (50%); falls (25%) and violence (20%), according to the National Health Laboratory Service. “People partaking in extreme sports that pose a risk of these types of accidents or falls, including mountain biking, road cycling, mountain climbing or paragliding, must be most vigilant when it comes to insuring they have appropriate cover in place.”

 

“Most people wrongly assume that their insurance policy will still cover them if they have an accident regardless of how it happened, yet this is often not the case. If the leisure activity is deemed to be a ‘hazardous pursuit’ by the insurer, then some insurance policies may not cover them in the event of an accident.”

 

She says PPS has no such exclusions on its policies, ensuring that its members are covered anywhere in the world in any eventuality. “All of our members are automatically insured and there is no need to specify the sports they are taking part in or to obtain separate cover.”

 

“Some policies require people to apply for the additional cover at an extra premium, which can often prove to be very expensive compared with the cost of an ordinary policy. It’s not cheap to get coverage for activities that are perceived as hazardous. In fact, some insurers not only automatically exclude coverage for hazardous pursuits, but will also refuse to provide cover against such activities at all.”

 

Hazardous pursuits generally include activities such as motor sports, quad biking, flying light aircraft, scuba diving, mountaineering or abseiling, though Dr Stott advises contacting the insurer for a comprehensive list.

 

“For those planning to partake in extreme sports ensuring they are covered in the event of TBI, other serious injuries, or even death, is vital to avoid the severe financial and emotional repercussions of having no cover in place. Those who currently do not have any cover should contact a reputable insurance provider as soon as possible,” concludes Dr Stott.

 
Source: Epic Communications (Pty) Ltd
 
« Back to previous page Print this page » |
 

Breaking News »

How to choose a funeral policy

Funeral cover can ease financial burdens during emotionally difficult times; make sure you make the right choices regarding your policy Not one of us can escape the fact that dying is inevitable. Of course, ...
Read More »

  

Brand South Africa statement on the current developments in South Africa

Brand South Africa joins the rest of the country in condemning the acts of violence   By Ms. Alice Puoane, Acting Chief Executive Officer Brand South Africa     JOHANNESBURG, ...
Read More »

  

Constitutional Court restores in duplum rule

By Daniel McConnell, Director Norton Rose Fulbright South Africa The Constitutional Court has restored the law on the running of interest on outstanding debts – reversing the SCA’s 1997 decision ...
Read More »

  

Survey reveals South Africans are recognising the need for disability cover

DISABILTY COVER: Assessing the efficiency of the South African insurance market in its provision of disability cover by True South Actuaries and Consultants - an update to the 2013 study Key findings: There ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Retirement »

Image

Short-term »

Advertise Here
Image
Advertise Here

From The Glossary »

Icon

Contingency reserve:

Is the amount set aside in terms of the Short-term Insurance Act to cover abnormal losses flowing from abnormal or unusual events such as earthquakes, floods and tidal waves. Charges are made against the reserve onlyas approved by the South African Registrar of Insurance.
More Definitions »

 
 
By using this website you agree to the Terms of Use.
Copyright © Stoker Risk & ICT (Pty) Ltd 2004 - 2015.
All Rights Reserved.
Icon

Advertise

  Icon

eZine

  Icon

Contact IG

Icon

Media Pack

  Icon

RSS Feeds