Wednesday, August 26, 2009
Can you insure the weather, please?
Most of us have already some experience with some insurance products - for instance life insurance, long term care or disability insurance. The financial safety of our daily life is at least a bit guarded by these options. While there are so many different types of insurance available, the whole selection might seem to be a bit conservative. But the world of insurance is more colourful than you would ever expect There are even some special policies that look quite bizarre One of them is events insurance.
Imagine yourself planning a marvelous wedding ceremony full of romance - taking place on the beach, with roses all around and guest count going into hundreds. But in the worst case scenario, it may happen that just before the ceremony begins, you step on your veil, slip and end up with a broken leg. For such cases, there is a special insurance product available, just to limit the damage to the minimum. Almost all imaginable attributes of an event can be secured by the insurance, and it doesn't make a difference if it is a birthday party, a wedding or a bar mitzvah you want to insure. The most common insurance types are liability and cancellation insurance, but you can adjust the insurance according to your specific needs. But what to do if you have dreamed of an outdoor party and the weather shows you its unfriendly face? No problem, if you purchase the policy in advance (around two weeks), you can ask also for this protection.
And there are many more possibilities concerning your events insurance. You can even retake your pictures, if the first ones were destroyed by an unskilled photographer, but you had purchased the right insurance. Also, all the gifts, jewelery and rental property can be covered And think about a case of a bride running away from the altar... Yes, trust me; you can cover cold feet too
Event insurance is sold by some of the most famous insurance companies in the world. Allianz offers it via Fireman's Fund subsidiary; Axa adds fireworks and Christmas light insurance, some other offer the option to cover alcohol related accidents. Prices often start below $100 for the basic coverage.
Briefly, you can cover your events from A to Z.
Photo source: Teozilla