Event insurance helps protect you from liability in case someone is injured or damages the venue’s property. NavSav Insurance also offers cancellation coverage specifically for weddings, which reimburses you for any non-refundable lost deposits if you must cancel or postpone. With wedding cancellation insurance, you may also be able to add coverage for presents, photos, your wedding dress, tuxedos, and other items.
Key Takeaways
- Event insurance covers you for liability if someone becomes injured or damages the venue’s property during your event.
- You can buy additional coverage for wedding cancellations, as well as gifts and attire that are damaged before, during, or after your wedding.
What are the Different Types of Event Insurance?
Event insurance works by protecting your finances in case there’s an accident at your event that injures people or damages the venue. You can also buy additional coverage specifically for weddings. Coverage varies based on the event, insurer, and policy, but generally includes:
- Liability: Financial protection from liability claims if someone gets hurt or damages the venue’s property during your event. This is popular for weddings but can be purchased for other events like birthday parties, meetings, and festivals.
- Wedding Cancellation: Reimbursement for nonrefundable deposits and rescheduling fees if you need to cancel or postpone your wedding.
- Gifts and Attire: Optional coverage for wedding dresses, gifts, tuxedos, and other items that might be damaged before, during, or after a wedding.
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 event insurance to protect their property and reduce their liability if someone gets injured. Check your venue contract for liability insurance requirements.
If you’re spending a lot on your wedding, wedding cancellation insurance can reimburse you for lost deposits if you have to cancel or postpone.
Does Event Insurance Cover Weather?
Wedding cancellation coverage generally includes delays or moving the wedding date due to bad weather, but not for getting cold feet. This coverage is for situations outside of your control that force you to cancel.
What Types of Events Aren’t Covered by Event Insurance?
Certain events might not be covered, including:
- Political and activist events like protests and rallies
- Motorized sporting events, such as tractor pulls
- Aircraft, boating, and hot air balloon events
- Haunted houses
In some cases, you may find specialized policies for these types of events, so it’s worth shopping around.
