USA RUGBY, AIG AND NEXT WAVE PARTNER TO OFFER NEW INSURANCE POLICY TO COVER REGISTRATION FEES
Policy will reimburse fees if player is unable to compete due to unforeseen circumstances
May 1, 2017
USA Rugby, 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 of youth players and also adult players a new, affordable insurance policy called “Registration Saver.”
AIG’s Registration Saver policy reimburses the policy purchaser in the event a player is unable to participate in a USA Rugby season, camp or clinic due to certain unforeseen circumstances before or after a season begins.
Registration Saver encompasses two policies. The multi-event policy (i.e. a season) covers the registration fees with a premium calculated at 7 percent. The single event policy covers events such as a tournament or camp and includes all travel related expenses at 6 percent. The policy also covers parents and guardians or adult players when its league or organization has a “No Refund” policy related to registration costs in addition to situations where an injury sustained by an athlete or weather impacts a player’s participation.
Among other reasons an athlete may be unable to play, include sickness or injury, as well as parental or guardian obligations, including active military service, job transfer, and others. If the participant is unable to play during a season, the policy will reimburse the registration fee on a pro-rated basis.
“We are excited to be partnering with Next Wave Insurance and AIG to provide an additional service and value to our members,” said USA Rugby Director of Operations Jen Gray. “We consistently hear travel costs are a factor in participation and this program allows our members the ability to safeguard their registration fees against unforeseen circumstances for peace of mind participation.”
“We’re excited about this new partnership with USA Rugby,” said Next Wave CEO Jeff Ward. “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. 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 infrmation on the coverage and to apply for the policy, visit: www.regsaver.com/USARugby and go to “Get Covered” then select “Season or Tournament/Camp.”
Questions can be sent to YouthSports@nextwaveins.com.
About USA RUGBY
Established in 1975, USA Rugby is the governing body for the sport of rugby in America and a Full Sport Member of the United States Olympic Committee. Currently headquartered in Lafayette, Colorado, USARugby is charged with developing the game on all levels and has more than 120,000 active members, with more than 40,000 playing collegiate rugby and 35,000 playing senior club rugby. USA Rugby oversees four national teams, multiple collegiate and high school All-American sides, and an emerging Olympic development pathway for elite athletes. It also hosts more than 30 national playoff and championship events each year as a service to its members. In October 2009, the International Olympic Committee announced Rugby Sevens (the seven-a-side version of the game) would appear in the 2016 Olympic Games to be held in Rio de Janeiro, in which both the men and women qualified. Visit www.usarugby.org for more information.
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, Calif., 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.