I fractured my shin while training for my first marathon in 2010. Like most races, that one did not have a refund policy. Not wanting to  “waste” my money, I downgraded to the half and walked it. Okay, fine. I did run the last 3 miles or so. I hadn’t been diagnosed with a fracture yet, so this was not smart on my part. In fact, it could’ve contributed to the fracture.

I might have saved myself an injury if I would have been able to get my $100+ back.

Recently, ACTIVE Network, the leader in cloud-based Activity and Participant Management™, and Allianz Global Assistance USA, a leader in consumer specialty insurance, announced they are partnering to bring road runners race registration insurance.

A press release announcing the partnership claims nearly 15 percent of racers never actually make it to the start line. The fear of injury, and of not getting your race fee back, can sometimes stop someone from signing up for a race.

“Registering for an event in advance may seem more appealing to a participant if they know that a sprained ankle won’t jeopardize their registration fee,” Eric McCue, general manager of sports at ACTIVE Network, states in the press release. “For event organizers, Registration Protector solves an important customer service issue by making refunds available to participants without the need for organizers to manage or pay those refunds. Allianz Global Assistance was an obvious partner for us to help roll out this robust insurance plan to our customers because of their technical sophistication and impeccable reputation.”

All ACTIVE.com customers who sign up for events online will have the option of race registration insurance. During the registration process, racers can choose to buy Registration Protector. A Runner’s World article says that the insurance will cost $7 per event.

The ACTIVE press release says that with Registration Protector, a participant who misses an event for a covered reason such as an injury, illness, job loss, transportation delays, military/family/legal obligations, and more can get their registration fees reimbursed. Click the link for the complete list of covered reasons on the Allianz website. Of course, there are conditions, limitations and exclusions.

But ACTIVE says that Registration Protector will refund 100 percent of insured registration costs, subject to these certain conditions and limitations, including fees and other related costs up to the maximum coverage amount of $10,000. Allianz Global Assistance will manage all of the customer service and claims activity.

The Registration Protector is only available for races that use ACTIVE.com’s event organization services. Will more race directors use ACTIVE? Will ACTIVE force other event organizers to develop their own race registration insurance programs?

I am not sure what to make of this, yet. As a racer, it sounds like a pretty good deal. I’d like to konw what the conditions, limitations and exclusions are, though. What do you think?