What Benefits Are There With Sports Insurance?

By Dominic Donaldson Platinum Quality Author
(Insurance / Personal-Property)

If you own sports equipment then you may at some point have checked to see if they are protected by your home insurance. You might even have taken out a separate policy to insure that these are covered-but really the most important thing when you are participating in a sport is you! Taking out sports insurance will mean that should you ever have a sports accident will help cover medical costs should you need them.

Some people may take out sports insurance if they go skiing or on a skiing holiday, this type of insurance can cover specific accidents. What many people do not realise is that you can take out specific insurance for many different sports and hobbies that you may do regularly. The main benefit of this type of insurance is peace of mind-for example what will pay the bills if you suffer from a serious sports injury? This would be especially important if you had to take time off work.

The peace of mind would come in knowing that if you injured yourself directly from your favourite sport that you would be able to have an income or that medical costs could be taken care of. Personal liability insurance is also available for sports clubs and associations.

Some people may believe that sports insurance is only relevant to people that partake in dangerous or extreme sports activities. But it can also be very helpful for people that enjoy sports such as football, rugby, badminton and tennis. Insurance policies can also be purchased for people that are sports referees, linesmen and other officials. The insurance does not have to just cover injuries but for claims such as assault on your person.

However on the other side of things insurance is also possible for people that have more dangerous hobbies such as skydiving or rock climbing-activities that have a higher risk of danger. Sports insurance can be tailored for activities such as mountain biking, hang gliding, and kart racing. The only difference in the policies here is that the cost of premiums will be higher than sports that are considered less dangerous.

Some people may also wonder if they are liable for a more flexible sports insurance, as they only partake in sports occasionally-for example a corporate day out. Many companies can offer one-off cover that can be applied to one day of sports activities. Not only that but people that play multiple sports can also find insurance policies that can cover them on a range of different activities. This is a good way of saving a little bit of money-as paying for several different policies can become quite expensive.