Policy will reimburse parents/guardians if child cannot compete due to unforeseen circumstances
USA Football, the sport’s national governing body and a member of the U.S. Olympic Committee, has partnered with AIG and Next Wave Insurance Services, LLC “Next Wave,” to offer parents a new, affordable insurance policy called “Registration Saver.”
AIG’s Registration Saver policy reimburses parents or guardians in the event a player is unable to participate in a tackle or flag football season, 7on7 tournaments, camps or clinics due to unforeseen circumstances before or after a season begins.
Registrations Saver encompasses two policies. The multi-event policy (i.e. a season) covers the registration fees with premium calculated at 7%. The single event policy cover events such as a tournament or camp and includes all travel related expenses at 6%. The policy also covers parents and guardians when its league or organization has a “No Refund” policy related to registration costs in addition to situations where an injury sustained by a young athlete or weather impacts a player’s participation.
Among other reasons a child may be unable to play, include sickness or injury, as well as parental or guardian obligations, including active military service, job transfer, pregnancy complications, and others. If a child is unable to play during a season, the policy will reimburse the registration fee on a pro-rated basis.
“We are proud to partner with AIG and Next Wave to offer families this innovative policy,” said USA Football Senior Director of Sponsorship and National Teams GARRETT SHEA. “Parents can gain peace of mind knowing their child’s football registration fees may be reimbursed when situations occur that are out of their control.”
We’re excited about this new partnership with USA Football. We’ve spent over three years working with AIG to develop this new insurance coverage to address the typical “No Refund” policy impacting families with kids playing all youth sports,” …said Next Wave CEO, JEFF WARD. “We look forward to offering the policy to all parents investing in non-refundable fees and expenses with no recourse if some unforeseen event occurs. Now we can cover the refund”.
For more information on the coverage and to apply for the policy, visit: www.regsaver.com/USAFootball/go and go to “Get Covered” then select “Season or Tournament/Camp.”
Questions can be sent to YouthSports@nextwaveins.com
About USA Football:
USA Football (www.usafootball.com) evolves and grows the sport through innovative standards and best practices to advance coach and player development, participation and safety within the fun of the game and its inherent values. As the sport’s national governing body and a member of the U.S. Olympic Committee, USA Football partners with leaders in medicine, child advocacy, and athletics to support positive football experiences for youth, high school, and other amateur players. Follow USA Football at www.facebook.com/usafootball or on Twitter @USAFootball.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 100 countries and jurisdictions. Our diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
About Next Wave:
Based in San Diego CA, Next Wave Insurance Services, LLC operates as a Managing General Underwriting and Wholesale Brokerage firm in the Property & Casualty insurance industry. The firm specializes in developing a wide range of customized insurance products in both the personal and commercial lines markets. Next Wave also designs the technology required to distribute insurance policies efficiently to consumers nationwide.