What is event insurance?
Event insurance helps protect you from liability in case someone is injured or damages the venue's property. Most insurers also offer cancellation coverage specifically for weddings, which reimburses you for any non-refundable lost deposits if you must cancel or postpone. If you get wedding cancellation insurance, you may also be able to add on coverage for presents, photos, your wedding dress, tuxedos, and other items.
What are the different types of event insurance?
Wedding and event insurance works by protecting your wallet in case there's an accident at your event that injures people or damages the venue, though you can buy additional coverage or policies specifically for weddings. Exactly what's covered varies based on the event, the insurer, and the policy, but you'll generally be able to find coverage for:
- Liability: If someone gets hurt because of your event or damages the venue's property, you're financially protected from liability claims. While a popular choice for weddings, it can be purchased for thousands of other events, including birthday parties, meetings, and festivals.
- Wedding cancellation: If you have to cancel or postpone your wedding, you may be reimbursed for any nonrefundable deposits you lose, as well as any rescheduling fees.
- Gifts and attire: Most insurers offer optional coverage for wedding dresses, gifts, tuxedos, and other items that may be damaged before, during, or after a wedding. With The Event Helper, this coverage is only offered as an add-on to Wedding Cancellation Insurance.
If you have a covered claim, your insurer will pay out up to your policy's limit.
Do I need event insurance?
Many venues require you to purchase event insurance to protect the property from potential damage, as well as reduce the venue's liability if someone gets injured at the event. Check your venue contract for event liability insurance requirements.
If you're spending a lot of money on your wedding, you may also want to purchase wedding cancellation insurance so you can be reimbursed for lost deposits in case you have to cancel or postpone your wedding.
How much is event insurance?
The cost of event insurance generally varies based on the coverages you select, the number of attendees, and the duration of the event. It can cost as little as $105 to insure a wedding through Progressive® Wedding and Event Insurance by The Event Helper, Inc.* And unlike other types of insurance, the price you're quoted is just a one-time payment.
Does event insurance cover weather?
If you have wedding cancellation coverage, you should be covered for delaying or moving the date of your wedding due to bad weather. However, your wedding cancellation coverage won't cover getting cold feet. Cancellation coverage is specifically for things outside of your control that force you to cancel your wedding.
Important note: Through The Event Helper, cancellation coverage is only offered for weddings, so other events won't be covered for weather.
What types of events aren't covered by event insurance?
Note that insurers might avoid offering policies for certain types of events, including:
- Political and activist events, such as protests and rallies
- Motorized sporting events, including tractor pulls
- Aircraft, boating, and hot air balloon events
- Haunted houses
In some cases, you may be able to find an insurer who offers specialized policies for these types of events, so shop around.