As exciting as it can be, planning and hosting an event usually comes with a certain level of risk. No matter how well-organized and carefully planned an event may be, unexpected accidents and incidents can occur, which can lead to liability claims and financial losses. This is where insurance comes in. Insurance provides a safety net for event organizers and participants, helping to mitigate potential risks and cover the costs of unexpected incidents. However, not all insurance policies are created equal, and it’s important to understand the different types of…
Read MoreTag: insurance for wedding
Many wedding insurance policies are changing shape due to the pandemic crisis
Several carriers have been altering their coverage since COVID-19 lockdowns started taking place. Since the start of the pandemic crisis, claims on wedding insurance policies have been pouring in. This has had two major impacts on the market for this particular product. The first is that awareness of its existence has skyrocketed. The second is that many insurers have been working to change the coverage these products provide. Many engaged couples are seeing this type of coverage as essential for the first time. Since March 2020, when COVID-19 slammed many…
Read MoreWedding insurance now recommended to protect against fights
Planners and industry experts feel that additional coverage can only help newlyweds. Following the increasing instances of fights breaking out at receptions, many planners and industry experts are now recommending that couples purchase wedding insurance to cover against the damage that could occur as a result of these unexpected circumstances. The importance of coverage has become all the more clear with the high profile fights in Philadelphia. The massive brawl that occurred in Philadelphia and that rapidly had its video go viral, providing a clear image of how rapidly, and…
Read MoreForms of insurance coverage not always considered by consumers
Though consumers are typically aware that they need homeowners’, renters’, and automobile insurance, there are other forms of coverage that can be offered by policies of which they may be entirely unaware unless they are highly knowledgeable about the various types of protection available. Some of them include: • Personal Electronic Equipment Insurance – this is a very practical insurance for consumers who have expensive electronic devices at home, such as televisions, audio equipment, or computers. It covers loss and damage and might even pay for repairs and replacement, depending…
Read MoreCICI Lombard and Bajaj Allianz announce new wedding insurance products
CICI Lombard and Bajaj Alliance insurance companies from India have announced that they are now offering a unique form of “wedding insurance” product. Though marriages are meant to be a dream come to reality, the truth of the matter is that they don’t all come to pass, and that there is a chance that they may need be stopped for any number of reasons. The insurers recognized this fact as an opportunity and developed a new product in which weddings could be insured against the possibility of postponement or cancellation…
Read More