Event Cancellation Insurance F.A.Q.
What is covered by the Event Cancellation Policy?
Our coverage is an “all cause” coverage — meaning that it covers you for any Non-Excluded cause beyond your control that leads to the necessary Cancellation, Abandonment, Postponement, or Relocation of your event.
In addition, our program provides protection for out-of-pocket expenses you may incur to avoid or diminish a loss, even if your event goes on as scheduled.
- Eligible Events
- Event cancellation, postponement, abandonment
- Adverse weather
- Named storms
- Door registration receipts
- Personal property
- Earth movement
What carriers do you use?
Our Event Cancellation program is “Best Rated” and we have non-admitted paper with both AIG and Lloyd’s of London.
How far in advance do I have to bind coverage?
In most cases, 14 days before the start of the event. If you need to bind coverage within the 14-day period prior to your event, the quote will be subject to a premium increase.
How do you determine the amount of the premium?
There is a predetermined rate that is based on the location and date of the event, as well as the risks associated with it. Once a rate is determined, it is applied to the aggregate limit that is being insured.
What are the Principal Exclusions on the Event Cancellation policy form?
Standard exclusions would include:
- The non-appearance of any person or persons (can be bought back into the policy)
- Adverse weather in respect to outdoor events
- Civil commotion
- Pollution or contamination
- Alterations of the insured event
- Acts of terrorism (can be bought back into the policy)
- Actual or threatened use of biological or chemical materials
- Any national or court mourning unless a declared state of national mourning occurs following the death of the President of the United States or it occurs within seven days from the published start of the event date