I don't like the idea, sorry. There's pressure to get your friends to enter so that you can get a refund ... not really fair on them ...
Another idea (and a couple of event organisers do it here where I live) is not to give a refund but a credit for another / future race. One of them held my credit for over 5 years and sent me reminders every year about it. Needless to say - was happy to go back to them and promote the race to others.
Another idea is taking out an insurance policy like what some of the Lifetime Tri events do. That's acceptable but then the terms are set out by the ins company which may not cover every reason ..
There was another organiser that didn't refund or credit even due to a friend's medical illnesss close to the day of the event. Suffice to say - I haven't given them any $$$ in years (I used to do their events every year for about 10+ yrs). This incident made me realise how greedy they are.
Another idea (and a couple of event organisers do it here where I live) is not to give a refund but a credit for another / future race. One of them held my credit for over 5 years and sent me reminders every year about it. Needless to say - was happy to go back to them and promote the race to others.
Another idea is taking out an insurance policy like what some of the Lifetime Tri events do. That's acceptable but then the terms are set out by the ins company which may not cover every reason ..
There was another organiser that didn't refund or credit even due to a friend's medical illnesss close to the day of the event. Suffice to say - I haven't given them any $$$ in years (I used to do their events every year for about 10+ yrs). This incident made me realise how greedy they are.