Sports Tuition Expense Protection
Refunding costs if an athlete is unable to participate.The costs of participating in team sports – from youth sports to adult leagues – have skyrocketed.
Sports teams and leagues rely heavily on pre-paid, nonrefundable tuition and fees to meet significant budgets for coaches, referees, equipment, facility rentals, insurance and more. So how do families protect their prepaid, nonrefundable tuition and fees if an athlete is unable to play?
STEP by NFP
An Easy Solution That Benefits All
The STEP Sports Tuition Expense Protection program provides an easy solution that benefits both the participant’s family and the organization. The participant’s family receives financial reimbursement, and the organization leaves its budget intact. As a result, the relationship between the organization and family is maintained and, as an ancillary benefit, the pressure of rushing back to the team is lessened, allowing the athlete time to address the reason for the absence.
Great Sports Tuition Expense Protection, Affordable Price
The program can be placed by the organization for all participants or offered as an option, with minimal commitment from the organization. Either way, it offers great sports tuition expense protection at an affordable price with limited paperwork.
STEP, as described herein, is not available in the following states: California, Idaho, Kansas, Maryland, Minnesota, New Mexico, New York, Oregon, and Washington. In New York, STEP is only available on an individual basis and does not include Accidental Death and Dismemberment benefits for the athlete. The Relocation benefit under STEP is not available in Tennessee and Virginia.
Rates
Learn more about our rates by clicking below.
What Does Sports Tuition Expense Protection Cover?
Baseball/Softball
Basketball
Cheerleading
Ice Hockey
Lacrosse
Marching Arts
Soccer
Volleyball
Tackle Football
Q&A
Yes, contracting COVID-19 would be covered as a medical emergency, provided that it is substantiated by an attending physician or a lab report of a positive test administered and supervised by an accredited third-party laboratory (such as CVS, Walgreens, etc.). Results solely from an at-home test are not acceptable.
The carrier is Arch Insurance Company, part of Arch Capital Group Ltd ., which includes Arch’s insurance operations in the US and Canada. Arch is an A+ rated insurance carrier providing specialty risk solutions to clients worldwide across a wide range of industries.
The Sports Tuition Expense Protection will respond if an athlete or a close family member is injured or sick and as a result the athlete cannot play all or a portion of the season. There also may be coverage available in the event your family is relocated or moves and can no longer participate in the sport.
Sports Tuition Expense Protection program will reimburse your pre-paid and nonrefundable tuition and fees for the portion of playing time missed for a covered reason. How much does it cost? In most cases, about what you would pay for a hockey stick! The premium is based on the sport, the athlete’s age, and the cost of tuition.
Complete the below form to help keep your budget intact in the event participants are unable to play.
Insurance coverage described is underwritten by Arch Insurance Company, NAIC #11150, a member company of Arch Insurance Group Inc. The policy contains reductions, limitations, and termination provisions. Full details of the coverage are contained in the policy. If there are any conflicts between this document and the policy, the policy shall govern. Not all coverages are available in all jurisdictions. Please refer to your policy for detailed terms and conditions.
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