Reasons to Buy Event Insurance

​No one likes to worry about insurance.  There is fine print, difficult vocabulary, and unclear coverage options involved.  Weddings and events are expensive enough; who needs to spend even more money?  In the next few minutes, I hope to demonstrate to you the reasons why it is smart to buy wedding or special event insurance to cover the potential injuries and accidents during the course of planning and executing an event.  As when everything else, we would never force any client to purchase insurance if they do no wish to.  This is purely a suggestion.

​There are two types of special event insurance that can be purchased: cancellation or postponement insurance or liability insurance.  Both types come with pros and cons.  The first, cancellation coverage, includes reimbursing you for deposits that were cancelled due to situations such as extreme weather.  The insurance can cover deposits, costs to reschedule or the entire cost of a service or rental.  Unfortunately, this form of insurance is difficult to prove for a claim;  extreme weather cases resulting in a state of emergency are typically honored but localized weather conditions are determined by the insurance company.  Claims are considered on a case-by-case format and on whether the client had any control over the situation.  Liability coverage, on the other hand, includes instances such as injuries and property damage.  If a guest is injured while attending your special event, liability insurance protects you from being prosecuted.  

​Each type may seem like an unnecessary added expense, but there is no harm in being over-prepared, especially in an event attended by many guests.  The hope, of course, is that no such situation presents itself, but coverage is greatly beneficial if it does happen.  For example, South Carolina has a long-run tradition of hurricanes in the summer.  Cancellation or postponement insurance may be ideal for a June wedding or August baby shower.  It is important to consider the weather patterns of your event area and the possible extreme conditions that could arise.  

Well, I will not bore you with insurance information any longer.  I only seek to demonstrate the reasons for buying special event insurance and the coverage it entails. The information presented here was gleaned from Consumer Reports.  

 Listed below are a few sites that provide this service:

Markel
ProtectMyWedding
Event Helper 
WedSure
WedSafe

​Have a great day!