Dive Accident Insurance

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WHY YOU SHOULD CONSIDER DIVE ACCIDENT INSURANCE

A good Dive Accident Insurance Policy may be your best piece of safety equipment. Diving is considered a safe activity, however, in the unfortunate event of a diving accident. The cost of a dive accident can exceed $100,000.  Having a policy will  give you peace of mind so you can focus on one thing: enjoying your favorite watersport.

Even if you already have primary medical coverage, Your primary medical insurance may exclude scuba diving as a hazardous recreational activity and/or may not provide coverage when you are traveling out of the country. If it does provide coverage, it may pay only a minimal amount for chamber treatments. There are also often large out-of-pocket payments for deductibles and co-pays. These alone can total thousands of dollars.

WHAT TO LOOK FOR IN A POLICY

Different insurance policies have different terms and conditions and coverage levels, so reading the fine print of each program is essential. While price is important, the scope of coverage of policies can be dramatically different.

Here are some important points you should look into when comparing dive insurance plans:

  • Single Trip or Multiple Trip coverage
  • Expertise in diving related emergencies and hyperbaric medical procedures
  • Coverage and Benefit Limits: Look for a generous benefit for emergency evacuation and hyperbaric chamber treatments. The maximum amount the company will pay varies considerably, from $15,000 to $500,000 per incident. Some have a lifetime limit, as low as $45,000 or as high as $125,000; others have no lifetime limit.
  • Deductibles
  • Primary VS Secondary coverage. Primary coverage includes admission guarantees, fast claims process and much more.
  • Direct payment to treating facility vs. reimbursement.
  • Exclusions: Some evacuation benefits kick in only if you are more than a certain distance from home, usually 50 or 100 miles.
  • Depth and Gas Limits: Some plans will not cover divers who purposely exceed preset depth limits or use breathing gases other than air.

ADDITIONAL DIVE RELATED INSURANCE COVERAGE

Travel Insurance:  While your diving accident policy will pay the diving related medical costs such as hyperbaric chamber treatments, you may incur many other expenses or lose some or all of your trip investment through scenarios such as non-diving medical situations, cancellation and interruption due to many reasons like inclement weather, personal or family issues, airlines delay and many other reasons. A travel insurance policy will protect you against such unforeseen scenarios

Equipment Insurance: You invest a lot of money and time into purchasing and caring for your dive gear and camera equipment. Still, accidents happen

 

DIVE INSURANCE COMPANIES

 

DAN logo

DAN: www.diversalertnetwork.org/insurance/

 

Dive Assure logo

Dive Assure: https://diveassure.com

 

Security National Life logo

Security National Life: www.securitynationallife.com/divers-insurance/product-information/

All content provided on the “Scuba Diving Resource”  website is for informational purposes only. Any comments, opinions that may be found here at Scuba Diving Resource are the express opinions and or the property of their individual authors.
Scuba Diving Resource makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Please note that regulations and information can change at any time.

June 10, 2016 |

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