Do you or one of your family members regularly play full-contact sports?
Injuries happen whether we want them to or not. So if you aren’t prepared, you might not have the right type of insurance to cover your medical expenses and bills.
Believe it or not, your league can obtain medical insurance for sports injuries for players, volunteers, and other participants. So if something were to ever happen to you or one of your teammates and you find yourselves in need of sports injury doctors, you’ll have the necessary coverage to pay for your medical expenses.
As an example, let’s say a team member from a league is in need of foot and ankle surgeons in Brick, NJ. Without this specific sports injury coverage, their regular medical insurance might not pay for their treatment. But because the league has insurance in place, players and volunteers know that they are covered and can get the care and treatment needed to make a full recovery.
Do you need help getting sports injury insurance? Please keep reading to learn mistakes to avoid when obtaining this type of coverage.
Mistake #1: Don’t Come Up with Excuses to Avoid Getting Sports Injury Insurance
People and organizations, in particular, tend to come up with excuses to avoid spending money. In this case, we come up with reason after reason why we should never purchase sports injury insurance. This is the wrong attitude and it could lead down a winding path toward paying outrageous personal injury lawyers fees due to lawsuits from players, volunteers, and others.
So stop making excuses. Stop thinking things like, “We haven’t had an injury in the past so we won’t have one now.” And you need to forget about thinking things like, “No one has ever sued us before and they aren’t going to sue us now.” This is what is known as stinking thinking and it could end up getting you in serious trouble if you or your organization isn’t protected and covered by the right type of sports injury insurance.
Mistake #2: Don’t Overpay for Sports-Related Insurance
The second mistake we tend to make is overpaying for sports-related insurance. Instead of contacting a sports insurance specialist, we contact our regular insurance broker and end up paying top dollar for the privilege. This is a big mistake that you should no longer make because it’s costing a small fortune every month.
You’d think somebody that specializes in insuring homes or automobiles could handle sports insurance too, right? Well, think again because the sports insurance marketplace is a lot more secretive than you might think. There are ways to lower your premiums, raise your deductible, and tap into the power of group purchasing to lower your costs and make this much more worthwhile.
Mistake #3: Don’t Buy Inadequate Sports Injury Insurance
Lastly, individuals and organizations tend to purchase inadequate sports injury insurance. They may pay a lesser premium, but the payout is also much less and it might not end up covering all of your medical bills.
You may think it’s time to scrimp and save but that’s actually the last thing that should be on your mind. Because the minor monthly savings could turn into huge sports injury or lawsuit related payments when your insurance doesn’t adequately cover the accidents and injuries that it was purchased for.
Now that you understand the simple mistakes that people make regarding sports injury insurance, you can avoid these issues in the future. You now know better than to avoid purchasing inadequate coverage. And even more important, you understand that this coverage is an absolute must.
Finally, you realize that it’s easy to overpay for this insurance so you’ll avoid making this mistake from now on so that it isn’t a problem again in the future. Please use your knowledge of these mistakes to your advantage so that you never fall victim to these issues ever again.