Things That You Should Know Before Purchasing Sport Insurance!

Regular exercise offers numerous health benefits. In fact, almost all health tips recommend regular exercise as a part of your routine. However, despite its many benefits, exercising still comes with certain risks. That's why those who exercise regularly should consider getting Sport Insurance.

Thinking about getting one? Don’t rush it! It's important to understand these key factors first before buying a Sport Insurance policy to make sure that you choose the right one.

Main Protection Coverage

A Sport Insurance policy provides you with financial protection in case a risk occurs while you're exercising. However, there are many types of exercises and sometimes not all of them are included in the coverage.

If you have a favorite exercise as a hobby, such as running, cycling or swimming, it’s best to check with the insurance company whether or not it is covered in the protection, so that you can make sure that you're fully protected while doing your favorite exercise.

Exclusionary Provisions

In addition to coverage details, it's also important to understand the exclusions in your policy. As the name implies, exclusionary provisions outline the risks that will not be covered by the insurance company. Not only specific risks, but also what causes them.

For example, injuries from falls during exercise are covered. However, if the fall is due to the policyholder's negligence or intentional actions, it will be excluded from coverage and the insurance claim cannot be processed.

System and Process of Insurance Claim

Risks can occur at any time, and when they do, you and your family might feel overwhelmed, making it difficult to think clearly, especially if the risk results in a serious injury.

That’s why choosing a sports insurance policy with a hassle-free claim process and fast approvals is important. This will help you a lot in hard situations. Make sure that you and your family understand the insurance claim procedure to ensure a smooth process.

Coverage Flexibility

Some insurance companies offer additional protection options to the customers, but these options are only available if you already have the primary insurance policy. Each insurance company may have different terms and conditions for this additional coverage, so it's always a good idea to ask for details before purchasing.

Please note that this additional coverage comes with extra costs. The more protection you add, the higher the premium will be. So, choose this additional protection wisely.

Underwriting Concept

In the insurance world, underwriting plays a role in determining the risks and premium costs that will be applied for each customer per policy period. An underwriter is a specialist responsible for this process, assessing a customer's risk level based on their profile. Based on this assessment, the underwriter categorizes the customer before determining the appropriate premium amount.

Additionally, the underwriter decides whether or not a customer's insurance application can be approved. This is why you should purchase an insurance policy before encountering any risks, as your health history will influence the underwriter's assessment of your future risks.

If you're currently looking for Sport Insurance, you can get one from MSIG Indonesia. We offer a hassle-free application process with an affordable premium that fits your budget. If you’re interested, feel free to visit our Sport Insurance page to learn more about this product, and to apply and purchase the policy online. With protection from Sport Insurance by MSIG Indonesia, enjoy your exercise without worries!