Would driving recklessly on a motorcycle void my life insurance policy?
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Asked March 25, 2013
This is a tricky question to answer without more information. Your life insurance policy will cover if you are killed in a motorcycle accident, but there is at least one way the insurance company may try to avoid the settlement, and that would be if your reckless driving was of such a nature that the accident could be considered suicide.
Even then, suicide is covered by life insurance after the contestability period has elapsed. For example, if you just purchased your policy, then the insurance company might deny the claim based on the argument that you were attempting to commit suicide. If, however, you have had the policy in force for a period of time, usually between 1 and 2 years, then the insurance policy would pay out even if you had tried to drive into a wall or off a cliff. Once the contestability period has elapsed, the insurance company is bound, by law, to pay out the policy as it is written.
Where reckless driving on a motorcycle could have repercussions would be if you were convicted of doing so before you applied for life insurance. Since participation in risky behavior, such as recklessly driving a motorcycle, increases the risks associated with insuring you, being convicted of that offense could, and probably would, result in your premiums being higher than for someone who did not have such risky behavior. Also, if you fail to disclose certain items just to get cheap life insurance, your policy could be voided.
It is not so much a question of recklessly driving the motorcycle, as it is a question of whether your risky behavior goes beyond what was written into your policy. No matter what sort of risky activities you enjoy, you can still get life insurance, but the rates go up along with the amount of risky behavior. The more risks you take with your life, to put it simply, the more you will have to pay for a company to insure it.
Once the policy is written, it cannot be voided except for the reasons defined within the policy itself. If your policy specifically states that it is voided by motorcycle riding, then you will not be covered. If the policy does not specify that reckless driving is grounds for canceling the policy, then you will not have to worry about it. Reckless driving is not grounds for terminating a policy unless your policy was written that way, in which case it will be spelled out for you in the policy.
Answered March 25, 2013 by Anonymous