Managers, instructors and coaches in sport clubs and schools strictly require sport insurance for powerboating. Otherwise the athletes are not allowed to join those clubs or participate in training sessions. Nowadays all the athletes must be insured. The policies have to cover accidents that can occur on the water, physical injuries and occupational diseases.
This sport is often compared with Formula One. These two sports have much in common. Difficulty of controlling the machines, speed, pressure put on the pilot and danger to life are almost the same. Purchase of insurance policies is necessary to compensate the costs of athletes’ treatment and rehabilitation. The amounts paid to the injured athletes are determined by the conditions of the bilateral contract.
The most common injuries in powerboating and their causes
The types of injuries and diseases in powerboating can be divided into a few categories:
- Injuries caused by ignoring the precautionary measures;
- Consequences of boats collisions;
- Injuries caused by falling into the;
- Burns caused by engine ignition;
- Effect of the water low temperature.
Accidents can be unpredictable. Hull deformation may damage limbs and tissues. If the fire is not eliminated in time, there is a risk of death. Permanent humid environment affects the health negatively as well.
The coverage of the sport insurance policies for powerboating
Once you purchase a sport insurance policy for powerboating, the insurance protection from accidents that can occur during training sessions or competitions comes into force. The risk to health and life is being defined. Based on the expected consequences and period of disability, you can select the suitable insurance terms and insurance amounts.
There are several types of sport insurance policies: the standard voluntary and compulsory health insurance policies; accident insurance policies and insurance policies for travelling abroad (for competitions that take place overseas).
The average duration of powerboating tournaments is 4-5 days. You can be insured either for this period only or for the whole year. The maximum insurance period is 1 year. Further prolongation is possible. A bilateral contract is being signed, which specifies the exact amount, insurance period and conditions which provide the client with money compensation.
The SPORT.INSURE employees can consult you for free on legal and financial matters related to policies registration and validity in Russia and overseas. You can find the phone number on our website.