People often think of insurance for life events like buying a new home or car, but maybe not when throwing a big party or gathering. The truth is that event insurance can be extremely helpful for weddings, large holiday parties, and many other types of events.
What is Event Insurance?
When planning a large holiday gathering like a party or family reunion, you may rent a venue or hire vendors. Many vendors will not offer refunds, no matter your reason for cancellation. If there’s a bad storm, or the out-of-town guests have a canceled or delayed flight, you could be out hundreds or thousands of dollars. This is where event insurance comes in. In some cases, you may find that your venue requires event insurance.
Will my Homeowner’s Insurance Cover my Holiday Gathering?
Will my home insurance cover event issues? Unfortunately, most homeowners’ policies do not offer coverage for problems related to events if it’s not held at home. If you hosted a large holiday gathering at your home and someone tripped and hurt themselves, your homeowner’s policy would likely cover that. However, if you hosted a large holiday gathering at a private venue and did not have event insurance, you may be held monetarily liable for someone’s injury.
How Much Event Insurance Do I Need?
The amount of event insurance coverage you’ll need for your holiday gathering depends on a variety of factors, such as:
- How many people will be attending
- The total cost of the event
- Whether or not you’re serving alcohol
To ensure you have the proper coverage for your holiday gathering, talk to the experienced independent agents at The Leigh Agency. We can make sure you have all the event insurance you need, so you can concentrate on enjoying the holidays with your family and friends.