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Allianz Global Assistance offers race insurance, also known as registration protection, to athletes participating in races. This insurance covers the insured's registration costs in case they are unable to participate in the race due to unforeseen circumstances such as illness, injury, home/business issues, or travel delays. With race fees costing anywhere between $20 to $500, this insurance provides peace of mind and financial protection for athletes. However, some people question the necessity of race insurance, especially if race organizers allow for transfers or refunds. Allianz's race insurance costs vary between $6 and $30, and the company has built a reputation for providing reliable coverage for travelers. While some customers have expressed dissatisfaction with Allianz's customer service and claim processing times, others appreciate the option to safeguard their financial investment in races. Ultimately, the decision to purchase race insurance depends on individual preferences, the cost of the race, and the likelihood of unforeseen circumstances affecting one's ability to participate.
| Characteristics | Values |
|---|---|
| Cost | $6.99 - $30 |
| Coverage | Up to 100% of insured registration costs, up to a maximum of $10,000 |
| Purchase window | Within 14 days of registration purchase |
| Trust | Allianz Global Assistance has been around since 2012, protecting more than $55 million in race fees |
| Peace of mind | Refunds are rare in the racing world, and race fees can cost hundreds of dollars |
| Existing medical conditions | Covered, as long as the policyholder is medically able to travel on the purchase date |
| Reasons for cancellation | Illness, injury, home/business issues, employer termination, etc. |
| Customer experience | Mixed reviews, with some praising the peace of mind it offers and others criticising Allianz's customer service and claiming processes |
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What You'll Learn
- Allianz Global Assistance's Registration Protector covers up to 100% of insured registration costs, subject to certain conditions
- Refunds are rare in the racing world. Allianz's race insurance starts at $6.99
- Allianz's race insurance covers existing medical conditions
- Allianz's Registration Protector includes several covered reasons for event cancellation, including illness, injury, home/business issues, and more
- Allianz travel insurance is highly regarded, with five plans to choose from, and children under 17 can be included for free on eligible plans
Allianz Global Assistance's Registration Protector covers up to 100% of insured registration costs, subject to certain conditions
Allianz Global Assistance's Registration Protector provides athletes with peace of mind in the lead-up to a race. It covers up to 100% of insured registration costs, subject to certain conditions and limitations, with a maximum coverage amount of $10,000. This insurance is particularly useful for athletes because refunds are rare in the racing world. Race organizers rely on a certain number of competitors, so entry fees are typically non-refundable and non-transferable. While you might get back a small fraction of your fee if you cancel a month or more in advance, this is not always guaranteed.
Registration Protector starts at just $6.99 and can be purchased up to the day before the event. It covers a range of situations, including existing medical conditions, family emergencies, accidents, travel cancellations, home or business issues, and employer termination. Allianz has built a strong reputation in the racing community, with 750,000 event participants protecting more than $55 million in race fees through Registration Protector since its launch in 2012.
The value of Registration Protector depends on the individual athlete's circumstances and the race they are participating in. Some people may view it as unnecessary, especially for cheaper local races, as they can recoup their losses if they are unable to participate. However, for more expensive races, such as marathons and Ironman competitions, Registration Protector can provide valuable peace of mind. It ensures that athletes don't lose out on significant financial investments should they be unable to compete due to unforeseen circumstances.
It's important to note that Allianz's race insurance doesn't cover every possible scenario. For example, it won't cover claims made due to insufficient training or bad weather on the race day. Additionally, while Allianz offers coverage for pre-existing medical conditions, there are specific criteria that must be met. To qualify, the illness, injury, or medical condition must be severe enough to make a reasonable person not attend the event, and a doctor must advise against attending before the event takes place or within 72 hours of it.
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Refunds are rare in the racing world. Allianz's race insurance starts at $6.99
Refunds are rare in the racing world. Race organizers rely on having a certain number of competitors in every event, so entry fees are typically non-refundable and non-transferable. You might get a partial refund if you cancel a month or more before the race, but that's uncommon. This is where Allianz's race insurance comes in. Allianz Global Assistance offers what it calls "registration protection", allowing participants to recoup registration fees if they are forced to drop out of the race.
Registration Protector covers up to 100% of insured registration costs, subject to certain conditions and limitations, up to a maximum coverage amount of $10,000. The cost of Allianz's race insurance starts at $6.99 and can go up to $30, depending on the cost of registration for each race. The more expensive the registration fee for the race, the pricier the race insurance premium.
Allianz Global Assistance has protected more than $55 million in race fees through Registration Protector since its launch in 2012. It is a trustworthy name, known worldwide for providing affordable, reliable, and sometimes life-saving insurance coverage for travelers. However, some people have had negative experiences with Allianz, citing poor customer service and delays in processing refunds.
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Allianz's race insurance covers existing medical conditions
Allianz Global Assistance's race insurance, known as Registration Protector, covers up to 100% of insured registration costs, subject to certain conditions and limitations, up to a maximum coverage amount of $10,000. This includes covering existing medical conditions, defined as an illness or injury that the insured, a travelling companion, or family member was seeking or receiving treatment for, or had symptoms of, on the day they purchased their plan or any time in the 120 days before.
To qualify for existing medical condition coverage, the insured must be medically able to travel on the purchase date. Allianz may review medical records and talk to the insured's physician to determine their condition at the time the insurance was bought. The "medically able to travel" criterion only applies to the insured person, not to their family members. For example, if the insured's mother has uncontrolled diabetes and is hospitalised, the insured can still be covered even though their mother is not medically able to travel.
Registration Protector has been used by 750,000 event participants to protect more than $55 million in race fees since its launch in 2012. It is an affordable and reliable option for athletes to safeguard their race fees, which can cost between $20 and $500, in case they are forced to drop out due to a covered reason. Allianz race insurance costs between $6 and $30, depending on the registration cost of the race.
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Allianz's Registration Protector includes several covered reasons for event cancellation, including illness, injury, home/business issues, and more
Race organizers rely on having a certain number of competitors in every event. For this reason, entry fees are typically non-refundable and non-transferable. You might be able to get back a fraction of your fee if you cancel a month or more ahead of time, but that’s it. This is where Allianz's Registration Protector comes in.
The Registration Protector covers up to 100% of insured registration costs, subject to certain conditions and limitations, up to a maximum coverage amount of $10,000. This means that you are protected even for elite events. Registration protection from Allianz Global Assistance starts at just $6.99 and can cost between $6 and $30, depending on the cost of registration for each race.
The Registration Protector includes several covered reasons for event cancellation, including illness, injury, home/business issues, employer termination, transportation delays, military/family/legal obligations, and more. Existing medical conditions can also be covered, as long as the policyholder was medically able to travel on the purchase date.
Allianz Global Assistance is a trusted company that has protected more than $55 million in race fees through its Registration Protector since its launch in 2012.
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Allianz travel insurance is highly regarded, with five plans to choose from, and children under 17 can be included for free on eligible plans
Allianz travel insurance is highly regarded, with a 4.3 score on Trustpilot and an A+ Financial Strength Rating (FSR) from credit rating firm AM Best. The company has been in the insurance business for over 100 years, insuring iconic moments in history, including the Wright brothers' first flight and the construction of the Golden Gate Bridge.
Allianz offers five plans, allowing travellers to customise their policies to cover what's important to them. The OneTrip Emergency Medical plan and the OneTrip Cancellation Plus plan are limited in what they cover, so it's important to review the costs of your trip, your need for medical coverage, and your budget before purchasing. Allianz's three comprehensive plans include coverage for pre-existing conditions, which is a rare offering in the industry.
For families, Allianz is an attractive option as children under 17 can be included for free on eligible plans. Allianz also provides 24/7 travel assistance, helping customers with issues such as finding new flights, providing information about their destination, retrieving lost luggage, and replacing prescriptions.
Allianz's race insurance, or 'Registration Protector', is another notable offering. This insurance covers up to 100% of insured registration costs, subject to certain conditions and limitations, with a maximum coverage amount of $10,000. This product is ideal for athletes who want to protect their race registration fees in case they are forced to drop out of a race due to injury, illness, or other covered reasons. The cost of Allianz's race insurance varies between $6 and $30, depending on the cost of registration for each race.
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Frequently asked questions
Allianz Global Assistance offers race insurance, also known as "registration protection", to athletes. This insurance covers race registration fees in the event of a cancellation due to injury, illness, home/business issues, employer termination, etc.
Allianz race insurance costs between \$6.99 and \$30, depending on the cost of registration for each race. The more expensive the registration fee, the higher the insurance premium.
Allianz race insurance provides peace of mind and financial protection in the event of a cancellation. It covers non-refundable and non-transferable race registration fees, which can cost up to hundreds of dollars. Allianz has a good reputation, offering reliable and affordable coverage, and has sponsored well-known events such as the Ironman World Championship.
Some people may consider Allianz race insurance unnecessary, especially for cheaper races. There have also been complaints about Allianz's customer service and slow refund processes. Additionally, Allianz's travel insurance medical coverage is secondary, meaning it pays out after other eligible plans.
The worth of Allianz race insurance depends on individual preferences and the specific race. For more expensive races or destination races, some people may find the insurance worthwhile for peace of mind. However, others may consider it an unnecessary expense, especially if they are confident in their ability to participate and believe the likelihood of cancellation is low. It is important to consider the specific coverage offered, the cost, and any alternative options, such as transferring entries to other participants.
