Answering Your Questions Regarding COVID-19Camisha Ballard
COVID-19 isn’t over, but it already left its mark and list of questions and concerns. It has had considerable economic impacts, posing challenges to the global supply chain, impacted airlines, travel and causing significant stock market decline. So it’s no surprise that it would affect every major industry. Event insurance being directly affected, as people are being forced to cancel weddings, concerts, sporting events, parades and more due to COVID-19. This has made many to wonder if their insurance is still effective.
We realize that you may feel uncertain about how COVID-19 affects your liability and cancellation insurance. Below we’re providing clarity around questions Eventsured customers or those shopping for insurance might have regarding the outbreak. If we missed your question, our representatives are happy to assist in answering. Please keep in mind that these responses are specific to policies sold by Eventsured.
Questions and Answers
Q: Does cancellation insurance provide coverage for a global health crisis like COVID-19?
A: We DO NOT cover COVID-19 for our wedding cancellation insurance. For example, if your venue goes out of business due to COVID-19 and you lose your deposit, IT WOULD NOT BE COVERED. The same applies if your significant other fell sick from COVID-19 and you needed to cancel the wedding, that would NOT be covered either.
Q: Can I still buy cancellation insurance during the COVID-19 pandemic?
A: Yes, you can still purchase cancellation insurance for weddings. As we all know, weddings can cancel for a lot of reasons, not just pandemics.
Q: Are event insurance premiums increasing due to COVID-19?
A: Our liability and cancellation insurance premium rates are not increasing as a result of COVID-19. We are still offering a competitive rate for our coverage with a $0 deductible.
Do you have more questions in regards to COVID-19? Find our Event Cancellation or Postponement policies here. You can also talk to one of our representatives by giving us a call at 888-882-5902. We’re here for you.