Getting Fit? Good for You!

Here are the Initial Insurance Steps to Take When You’re Getting Serious About Fitness

So you’re upping your fitness level? That’s awesome!

Whether you’re a long-time sports enthusiast who’s taking it up a level, or a long-time couch potato who’s just beginning to get fit, this is an important decision. It’s exciting to keep pushing your abilities, your strength, and your stamina, but you want to do it the right way.

As well as buying the right sports gear and equipment and finding the right trainer, you also need the right insurance products. Although you already have insurance for your daily life, some sports activities need a different type of policy.

We’re right there with you.

Our CEO is a serious biker, and he’s inspired many of us to realize that we need to get serious about getting fit. Whether we’re biking, running, doing CrossFit or strength training, we know the feeling of wanting to protect our new equipment, as well as our own health, just in case we push ourselves too hard. The more support you have when getting fit, the better you’ll succeed in meeting your goals.

To make sure you have all the information and resources you need, below is a mini-guide to the insurance coverage you should put in place when you start training seriously: what the options are, what you need to take care of, and what you should be aware of.

 

Bike Insurance

Your standard home contents insurance covers your possessions for the regular risks that can occur in your home. But that’s not always enough for serious bikers. Standard home contents insurance policies don’t include damage caused to a third party that you cause when you ride your bike; for example, if you run into someone during a fast downhill stretch. In addition, without the right extension, it won’t pay to fix damage to your own bike or if your bike is stolen. Even with the right extension, some things are just not covered, like any damage that happens in a competitive setting like a cycle marathon or hill challenge.

Learn how to extend your home contents insurance to cover damage to or caused by your bike.

Note: Electric bikes don’t do much for a serious fitness enthusiast, but they do need a separate insurance policy. We can guide you to the right choice for the bike you ride.

Extreme Sports Personal Accident Insurance

Your personal accident insurance policy gives you peace of mind when you’re hiking with your family, camping with friends, or using sharp knives when cooking, but it doesn’t cover you if you get hurt while participating in extreme sports. BMX biking, cycle marathons, skiing, scuba diving, and a number of other sports count as “extreme.” You need to either look for a special personal accident policy that includes them, or buy an extreme sports extension to your existing policy.

Find out more about the coverage provided by Personal Accident Insurance.

Sports Extension for Travel Insurance

You wouldn’t travel without travel insurance, but did you know that regular travel insurance policies don’t cover you for most extreme, winter, or competitive sports? Whether you’re traveling to Italy to take part in a cycle race, the Alps for a skiing trip, or Georgia to go skydiving, you need a travel sports extension to cover your medical treatment, medication, and medical repatriation, if necessary, in case you get injured on your adventures.

Learn more about travel insurance extensions for extreme, winter or competitive sports.

Liability Insurance for Fitness Trainers

Getting fit is more fun when you have company, but you still need to stay safe. If you’re forming a cycle club to train together for an upcoming race, setting up a kickboxing group, or any kind of sports association, make sure that you have the right liability insurance. Personal trainers and sports club leaders risk getting sued for damages if someone gets hurt during your activities, even if it wasn’t your fault. In addition, your clients will be much more inclined to do business if they know you are insured. The right liability insurance sets your mind – and your clients’ minds – at ease.

Get informed about how the right liability insurance limits your financial risk.

Active Health Insurance

If you’re serious about getting fit, you could see financial rewards as well as health improvements. Migdal, for example, offers the Migdal Active rider to all of its private health insurance clients at no extra cost. That means that you could get discounts on dietician appointments, gym membership, and active gear, as well as help with quitting smoking and cutting down on alcohol. Insurance companies see the benefits of encouraging you to live a healthy lifestyle, and they’re willing to invest in you.

Learn more about what benefits are available through private health insurance.

We at Goldfus Insurance are bikers, runners, and skiers, too. We’ve made that decision to get fit and know what you’re experiencing. We’d be happy to talk you through what you and your family need.