Movie insurance could save Fast & Furious 7

Fast and Furious movie insurance

Following the death of the film’s star in a tragic accident, coverage could rescue the next part in the franchise.

A special cast coverage in the movie insurance taken out by the people behind the latest film in the “Fast & Furious” franchise may be able to rescue the production following the disastrous accident that led to the death of its star, Paul Walker.

The 40 year old actor was involved in a crash as a passenger in a car following a fundraising event.

Fast and Furious movie insuranceWalker and his best friend, Roger Rodas, perished only moments after having left a fundraiser that was being held for his own charity, Reach Out Worldwide. This was a devastating loss of life and simultaneously halted the production of the latest film in the franchise in which Walker was a star. Before the news of the potential of movie insurance coverage for the cast was revealed as a possible savior of the film, Universal Studios issued a press released a statement that said “At this time we feel it is our responsibility to shut down production on ‘Fast & Furious 7‘ for a period of time so we can assess all options available to move forward with the franchise.”

Since that time, the movie insurance coverage has been carefully reviewed and new paths have been discovered.

Since that time, Universal has suggested that editors have started to review the footage that has already been filmed with Walker in order to be able to recreate into a newly finalized script. It is in this area that the coverage from the film’s insurers have come into play, as this will be a large additional expense.

The coverage carried by this film made sure that if one of its artists should become ill, injured, or die, then a special cast protection in addition to general liability would provide payment for the expenses relating to having to replace or re-shoot, or to have to continue on with a new actor, instead.

Due to the movie insurance, it makes certain that films will not need to be entirely scrapped because a cast member has been lost.

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