Sports and fitness insurance can protect you from financial disaster if something goes wrong with your body that prevents you from enjoying your favourite sports or pursuing your fitness goals. These policies can also help if something happens to your equipment. Such as a lost or stolen pair of skis, snowboard or bike, or if someone gets injured on your premises and sues you. Of course, there are many things to consider when it comes to sports and fitness insurance, so read below before you buy!
If you’re working out or practising, the last thing you want is to get injured. You may be able to get health insurance from your employer, but what if you can’t? What if you’re self-employed? What if your business doesn’t have enough employees yet to offer group health insurance? That’s where sports and fitness insurance comes in.
It pays for things like lost wages, rehabilitative care, loss of future earnings due to disability and even funeral expenses. Even though these seem like farfetched worries that only happen on TV shows about sporting events gone wrong, they do happen.
There are over 30 million people who work out each day, according to a survey by the American College of Sports Medicine. Of those people, nearly 1 million will experience an injury during their workout routine. According to a study published in The British Journal of Sports Medicine. And these are just the accidents that are reported.
Knowing what kind of insurance you need before signing up is important. You’ll want to find out if your employer offers any coverage or if you need a policy through an independent company. Group policies are often cheaper because they cover more people but offer less flexibility.
It would help if you researched the different types of insurance to make the best decision for yourself and your family. A reliable source of information is FitKidsNYC, which offers tailored packages depending on what level of coverage you’re looking for.
For example, if you want liability protection for your equipment when coaching or officiating in recreational leagues outside your gym’s membership territory, then this is all you need. They would be liable if anything happened outside their territory, like theft from an unattended gym locker room while doing laundry at a laundromat down the street.
One of the most common injuries in the gym is a pulled muscle. This can happen by overstretching a muscle or performing an Exercise you are not strong enough to do, for example, doing a pull-up when you don’t have the strength to hold yourself up at the top position. Pulled muscles can take 2-6 weeks to heal, depending on severity, meaning it’s important to get treatment from a physical therapist or doctor as soon as possible.
Training out too hard is also very common, especially if you’re coming back from an injury, which often happens when people go into their workouts more intensely than they should.
Coverage can help protect you against injury, illness or accident during a workout or competition. For example, if you injure yourself while running in a race, your coverage could help pay for your medical bills. If you get sick while training for a marathon, the policy would cover your missed work time to recover.
And if there is an accident during a pick-up basketball game with friends, the approach could help cover some of your medical costs. What You Can’t Do Without Most policies provide up to $1 million worth of coverage for accidental injuries like broken bones, serious cuts and more. Plus, it usually covers any needed rehabilitation treatments so you can get back on your feet as soon as possible.
Nearly every professional athlete has sports insurance for exercise. This is because, in the United States, it’s not uncommon for a professional athlete to suffer a career-ending injury from playing their sport. For example, in 2014, New York Mets outfielder, Yoenis Cespedes was on his way to winning the 2014 Home Run Derby before he suffered an ankle injury.
As a result of this injury, Cespedes missed four months of games which cost him 5 million dollars in salary. It can be difficult for athletes to recover from injuries like these without the help of insurance.
A typical sports or fitness insurance plan costs anywhere from $100-300 a year. This is usually a small price to pay for peace of mind. If you’re serious about your training, there’s no better investment. You’ll feel good knowing that if something happens to you while training, someone will be there to help.
The truth is many people do not take their health seriously. They go on a diet, lose weight, and then regain it. They might use the gym for a week and then stop going altogether. This is where sports insurance comes in handy.
It does not matter if you are running marathons or have never stepped foot in the gym; we all need to care for our bodies and minds to stay healthy. Sports and fitness insurance offers protection against injury and illness and provides coverage for medical expenses incurred while participating in your chosen sport.
We all know that accidents can happen while playing or training, but they are also possible during normal daily life. You can easily injure yourself by lifting heavy boxes at work or slipping on wet ground outside of your home. If you have sports and fitness insurance, your policy will cover some or all of these accidental injuries so that you don’t have to worry about the cost
No one wants to end up out of work because they got injured at work. Just imagine what would happen if an accident occurred when you’re trying out for a professional team. Well, now, with sports and fitness insurance, those worries are gone. Why would anyone want to live without this kind of peace of mind?