Sports Insurance, Let’s Discover the Benefits It Offers!

Protection is the primary function of insurance. This also applies to Sports Insurance, a financial product protecting you from various risks of injuries or accidents during sports activities. But is that all it offers? What kind of coverage does sports insurance provide? Let’s find out!

Benefits of Sports Insurance
For those of you who love sports, having sports insurance can be very advantageous. What are the benefits? Here are some of them:
● Financial Protection 
Medical treatments are not cheap, especially if they are long-term. This is often the case with sports injuries. Many types of injuries require special treatment, sometimes needing several sessions. 
For example, muscle injuries that may require you to undergo physiotherapy. Sports insurance will help cover these physiotherapy costs until you are fully healed, according to the limits outlined in your insurance policy.
● Peace of Mind 
Exercising with a calm mind will greatly benefit your body and also help minimize the risk of accidents. You can just focus on the exercise you are doing without worrying. 
For example, if you are jogging around your neighborhood in the morning, an uneasy mind could cause you to be less aware of your surroundings. You might fall from tripping over a rock, or accidentally bump into something, or get into other accidents. With insurance protection, however, you will feel more at ease during your activity.
● Asset Damage Coverage 
Insurance covering medical bills? That is common, isn’t it? But did you know that sports insurance can also cover asset damage in an accident? Not only are you covered medically, but your belongings are also protected. 
For example, if you are wearing a smartwatch while exercising and it gets smashed and damaged during an accident, you can claim compensation for the damage if you file within the specified time frame. 

Tips for Choosing Sports Insurance
Now that you know the benefits of sports insurance, it’s time to learn how to choose the right one. Follow these tips to help you out!
● Understand Your Needs 
Do you exercise regularly? If yes, then you need this insurance because every sports activity you do carries some risk. Additionally, different sports insurance products may have varying coverages, so be sure to understand your specific needs.
● Set a Limit on Your Premium
Remember that the amount of coverage you get is directly proportional to the premium you pay. So, if you want higher coverage, you will need to pay a higher premium. This is why it is important to set a limit on your premium to maintain your financial health while paying monthly premiums.
● Know the Insurance Company 
Many insurance companies in Indonesia offer sports insurance products. Before choosing one, make sure to gather information about the insurance company. One way is by ensuring that the insurance company is registered with the Indonesian Financial Services Authority (OJK), like MSIG Indonesia.
● Check the Facilities 
After following the three tips above, the last step you need to take is to find out what facilities are offered. For example, what medical treatments are covered after an accident? And, are there any extra benefits that you can get? As mentioned earlier, some insurance policies may cover asset damage, which not all insurance products provide. This feature is especially important for those of you who rely on specific devices to assist you during exercise.
Those are the various benefits and tip for choosing Sports Insurance. So, are you interested in having this financial product? If so, you can purchase the Sports Insurance product from MSIG Indonesia.