An article in Realtytimes.com discusses event insurance and the various coverages and protections.
“Weather -- Provided the policy is purchased sufficiently in advance of the event -- usually a few weeks -- and adverse weather prevents the celebration from taking place or a majority of your guests from attending, the costs of rescheduling the event can be covered.
Key People -- If people crucial to the event are unable to attend due to illness or injury, you'll miss their presence, but the cost of postponing the event can be covered.
Special Attire -- Special event attire, say, the wedding gown or tuxedoes, that is lost or damaged, can be covered by benefits to repair or replace the items. Obviously, if you want, say, the wedding to proceed, you'll have to come up with the cash first and be reimbursed later by insurance benefits.
Loss of Deposits -- Should one of your vendors go bankrupt or ceases doing business, coverage will reimburse you for deposits lost.”
Would you buy event insurance for a wedding or other big party or celebration?
Event insurance makes more sense to me now that I am married, and now that I seem to attend more weddings. However, some of the things that can lead to a ruined-or-at-least-damaged wedding (or other event) can't easily be insured against, can they? Drunken guests, for one. Bad toasts, for another. Awful bridesmaids' dresses. None of them covered (probably), but all at least as damaging as a thundershower on the big day...
Jerry
www.leads4insurance.com
Posted by: Jerry | September 13, 2007 10:39 PM | Permalink to Comment