For years, race directors have called for an insurance product to protect both event directors and race registrants alike in case of unforeseen events, says Sally Smith of Big Sur Events. How big is this problem? Roughly 15% of race registrants never even make it to the starting line because of unforeseen events, like a sprained ankle, says Allianz.
Today, ACTIVE Network and Allianz Global Assistance announced that ACTIVE.com race registrants can purchase Race Registration Protector. During registration, participants will be provided with the option to purchase Registration Protector. With Registration Protector, a participant who misses an event for a covered reason such as an injury, illness, job loss, transportation delays, military/family/legal obligations, and more can get their registration fees reimbursed.
This is the first insurance product of its kind to be offered to registrants in the endurance market. For more information, read the full press release on our website.