Sports Equipment insurance provides cover against theft and accidental damage to your equipment.
The cover applies both when you are engaging in your sport or training clients and when it is securely stored in a premises, changing room or any securely locked locker or other similar place of storage. Your equipment is also covered for theft from a motor vehicle provided that it is kept in a locked boot or covered storage area.
Your equipment is covered on a new for old basis if it was purchased from new and less than 12 months old at the time of the loss. Any equipment which you have not purchased from new, or if it is more than 12 months old, is covered on a indemnity value basis (this is the value of the item immediately prior to the loss or damage, taking into account the items age and condition).
The maximum value of equipment we can insure is £50,000 and the following single article limits apply:
Sports Equipment: £2,500
Personal Possession: £250
Please be aware that we cannot cover any pedal cycles or mobile phones.
An excess of £50.00 applies to all Sports Equipment claims.
Below are recent examples of why you might need equipment cover. We have previously dealt with claims for the following scenarios:
Theft
Example 1 - Your sports equipment is kept in the locked boot of your car, and someone breaks into your car and steals it.
Example 2 - You’re a personal trainer conducting an outdoor training session in a park, and you bring bags of equipment with you and someone steals your bags and rides off on their bike.
Example 3 - You run boxing sessions from a community centre. Overnight, someone cuts the bolt off the door, breaks in, and steals your boxing equipment.
Damage
Example 1 - You store your sports equipment in a building, and someone targets the building in an arson attack. Your equipment is damaged beyond repair.
Example 2 - You’re working on the laptop you use for work purposes, and you accidentally drop it on the floor. It won’t turn on, and it’s so badly damaged it requires specialist repair.
Example 3 - You’re taking part in a sport like paddle boarding, and your board gets swept away in the wind and damaged.
Are you looking to cover equipment you are responsible for under a lease agreement? Check out this article: Can I cover leased equipment?
