Why You Need Special Events Insurance for Your Next Big Occasion

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Special EventsMore and more couples are buying wedding insurance, or special events insurance to cover losses during a wedding or a reception.

According to Gulf Harbor Insurance, it would be a good idea to sign up for an event insurance plan if the host is going to serve liquor or if it is a special once-in-a-lifetime occasion. The chances of something bad happening might be low, but taking out an insurance policy against these things can help.

Special Events

These special events policies are not limited to weddings. There are other occasions the organizers might want to cover — fundraising events, outdoor activities and beach parties, for example. Sudden rain during an outdoor bingo social or a cake auction can have detrimental effects.

A popular form of special events insurance is the “hole in one” insurance. This kind of policy is useful for golf events where there is a special prize for a hole in one. The amount insured covers the cost of the special prize, such as a car or a vacation trip for two.

Nuptial insurance covers liability insurance and cancellation. It also covers items that might impact the wedding and reception. These include rain, power failure, or other unforeseen circumstances.

Peace of Mind

Special events take careful planning and some forethought. There are constants, such as the list of attendees and the schedule of events. Once these have been finalized, there are the intangibles and other random variables. The weather is always a concern.

A beach event is usually scheduled in summer, and yet there is always a possibility of rain. A transport strike or an airport shutdown is not foreseeable when planning months in advance. These will definitely have an impact on the event.

Special events insurance is not like betting on a long shot. It costs a small premium, with substantial coverage. For a fundraising activity, it can mean the difference between hitting the targets and rescheduling the event.

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