Why do I need event insurance?
You can plan every detail of your special event, but life happens.
Hurricanes hit. Airports close. Vendors go out of business. Equipment gets damaged. Someone gets hurt. The possibilities are endless.
When an uncontrollable situation happens, it can be disappointing for everyone. Event insurance, also called one day event insurance, means you won’t have to worry about losing money on top of it.
Purchasing affordable event insurance from Markel protects your financial investment, and helps you to pick up the pieces and reschedule your event if it needs to be cancelled or postponed.
Does one day event insurance provide coverage if the weather forces us to postpone or relocate our event?
Yes, coverage is provided if weather conditions are extreme enough to prevent the majority of your guests from attending your event.
What if the guest of honor or an important family member is in an accident or gets sick before the event?
Coverage is provided if the event is postponed due to an accident or illness that prevents the guest of honor or an immediate family member from attending, provided any illness is not related to a pre-existing medical condition.
When should I purchase a policy?
You should purchase event insurance as soon as you start to incur costs, which is usually as soon as you begin to plan your special event. These costs include placing deposits with a venue, caterer, photographer, etc.
Does the policy provide coverage if military leave is withdrawn?
Yes. If the guest of honor is serving full-time active duty in the armed forces or police or fire departments, and must postpone the event due to a previously granted leave being withdrawn due to circumstances outside of their control (e.g. unforeseen deployment).
Are events outside of the United States covered?
Yes. Special events that are scheduled to take place in (or on cruise ships departing from) Canada, Puerto Rico or a territory or possession of the United States (such as the Virgin Islands), as well as the United Kingdom, Mexico, the Bahamas, Bermuda and the Caribbean (excluding Cuba) will be covered. However, to purchase a policy, guest of honor or company must reside within the United States.
Does the policy cover all presents, including checks, gift certificates, etc.?
Yes, presents that are lost or damaged within 7 days before or 7 days after your event, while at your home or while in transit between your event and home are covered up to the applicable limit set forth on your specific policy.
Are we covered if the photography is damaged or does not come out?
Yes, the policy provides coverage for the loss or damage (other than under- or overexposure) to the original film or digital files before the finished photographs are received, up to the applicable limit set forth on your policy.
What if the special clothing, like my daughter’s Quinceanera dress, is damaged before the party? Is it covered?
Yes, the policy provides coverage for special attire that is lost, stolen, or damaged before the event -- except for loss or damage resulting from certain specified causes (e.g., climatic conditions and alterations), and for loss or damage to attire not purchased as new that is caused by any process of cleaning, restoration or repair.
Does the event cancellation policy have a deductible?
Yes, there is a nominal $25.00 deductible for each covered section.
Whom do I call if I have to make a claim?
Call Markel at 800-236-4252 to report your loss. All claims should be reported as a matter of urgency to avoid delays in settlement and processing. Additionally, any claims relating to theft or attempted theft should be reported to the police as soon as possible.
How long does it normally take to resolve a claim?
If the paperwork and documentation are readily available, then a claim will be settled promptly.