Event Cancellation Insurance FAQs
What is a Special Event Cancellation / Postponement Insurance Policy?
The cancellation/postponement policy protects the non-refundable deposits on everything connected with the event, should it be cancelled or postponed for a covered reason. This is the investment you would lose if you were forced to reschedule your event at the last minute and lost all your non-refundable deposits.
Do I really need event Cancellation Insurance?
With any event, things can (and do) happen. Severe weather keeps close family members from being able to travel. Your venue suddenly files for bankruptcy. An immediate family member becomes ill or injured. You’ve invested a lot of money in your event; what if you were forced to postpone or cancel it? You’d suffer some serious financial losses.
Event Cancellation insurance provides you with financial reimbursement for losses and expenses, including lost deposits, including other charges for which you’ve contracted. Event Cancellation policy goes several steps further to provide coverage for vendor no-shows; losses to professional pictures or videos; lost, damaged or stolen gifts or damage or loss of special attire. The policy even covers professional counseling if needed following a cancellation or postponement.
What are some covered reasons for a cancellation/postponement?
You can purchase event liability policy directly on our website using a major credit card or your PayPal account. It’s quick, easy and secure. Once you purchase, you’ll receive a confirmation email with your policy documents attached.Some of the covered reasons are: severe weather conditions such as hurricanes/blizzards; sudden illness/injury to the honoree or immediate family member; job loss; venue bankruptcy; and withdrawal of military leave.
How much Event Cancellation / Postponement insurance do I need?
You should choose a coverage level based on your total event budget – how much you will spend on your venue, caterers, photographers, flowers, special attire, and all the other deposits and purchases you will make for your event. This is the investment you would stand to lose in a worst-case scenario – if you were forced to reschedule your event at the last minute and lost all your non-refundable deposits.
When should I buy Event Cancellation / Postponement insurance?
Event Cancellation / Postponement insurance can be purchased as early as 2 years before your event and as late as 15 days before your event. We recommend you purchase event insurance as soon as you begin to put down deposits and make purchases – that way your financial investment will be protected from the start.
Who should be listed as the Insured?
The Insured should be the person contributing the most money towards the event. Please note that the honorees are always automatically covered under the policy.
What if I have already made deposits or purchases for my event? Will they still be covered if I purchase Event Cancellation / Postponement insurance now?
Yes, purchases and deposits you have already made can be covered, provided you have receipts/documentation for them and you did not know of any impending or existing claim situations when you purchased insurance.
Does an Event Cancellation / Postponement Insurance Policy have a deductible?
Yes, there is a nominal $25.00 deductible for each covered section.
Does an Event Cancellation / Postponement Insurance Policy cover events outside the United States?
Yes, an Event Cancellation / Postponement Insurance Policy does cover events taking place in (and on cruise ships departing from) Canada, Puerto Rico, or a territory or possession of the United States (e.g., the U.S. Virgin Islands).
Additionally, an Event Cancellation / Postponement Insurance Policy can cover events taking place in (and on cruise ships departing from) the United Kingdom, Mexico, the Bahamas, Bermuda, and the Caribbean (excluding Cuba), with an additional premium surcharge of only 10%. Please note: The Named Insured must reside within the United States and be at least 18 years old.
Will an Event Cancellation / Postponement Insurance Policy provide coverage if the weather forces us to postpone or relocate?
Yes, an Event Cancellation / Postponement Insurance Policy will provide coverage if the weather conditions are extreme enough to prevent the honorees, their immediate families, or more than half of the confirmed guests from attending the event, or which renders the event venue unusable or unsafe.
Can I customize the policy?
We strive to keep our premiums affordable and do not customize our policies to each individual request.
What is the refund policy for the Event Cancellation / Postponement Insurance Policy?
Policy premiums, taxes, and other charges are fully earned at inception of policy coverage and are non-refundable in the event of cancellation of coverage at any time by the insured, with the exception of residents of Montana and Texas.
Is purchasing Event Cancellation / Postponement Insurance from your web site safe?
Our web application uses state-of-the art security measures and is monitored daily by independent web security certification service McAfee Secure, so you can be comfortable making your online Event Cancellation / Postponement Insurance purchase.
Whom do I call if I have to make a claim?
You should contact a claim agent as soon as possible at K&K Insurance Group, Inc., Claims Department at 1-800-237-2917 (Toll Free). In the event of emergencies, there is an after-hours service available, 24 hours a day, 7 days a week to assist you.
Can I see a sample policy?
The information contained here is for illustrative purposes only and coverage under the Private Event Insurance Program is expressly subject to the conditions, restrictions, limitations, exclusions and terms of the policy documentation issued by the insurer. Availability of this program is subject to each state’s approval and coverage.