In 2017, the average wedding in the U.S. cost over $25,000. Sweet sixteen parties, quinceañeras, fundraisers for non-profit organizations, bat mitzvahs, reunions, and corporate dinners can also cost tens of thousands. One accident can wreck your budget and your hard planning. Thankfully, there's an option to protect your pocketbook while planning your special event. Event insurance, sometimes also called one-day insurance, can help protect you against potential losses or liabilities.
What is Special Event Insurance?
Event insurance protects you against costs that occur in the planning and execution of a one-time event. Event insurance covers more event-related risks than any other personal insurance or umbrella insurance policy. Because it's written to protect you against some of the costliest event catastrophes, it's a smart way to protect your investment when planning a large event. Each event insurance policy is written specifically for one event - so WSMT will work with you to create a unique policy for your particular needs, concerns, and risk factors. There's no better way to rest easy in the days and weeks leading up to your big event.
When is Event Insurance Worth It?
Do a quick, informal risk assessment of your event: what might go wrong? How costly would a worst-case scenario be for you on the day of your event? From unforeseen expenses to liabilities that can stack up quickly, there are a lot of factors that can cause your expenses to skyrocket. The best way to evaluate your options is to talk to an agent about your event plans and your specific concerns. They'll be able to get you a quote for event coverage and help determine how to best protect all the time and money you're investing in creating the perfect event.
Take the Next Step and Contact WSMT
Don't wait until something catastrophic happens to take action. If you're planning the event of a lifetime, protect yourself against accidents and unforeseen circumstances that could devastate your budget. Whether you're planning a retirement party or a wedding, special event insurance constitutes a concrete investment in your own peace of mind. Feel free to contact us or stop by our office to talk to an agent in person. We'll set you up with an expert who will ask about your event, evaluate the risks associated with it, and help draft a policy that keeps you covered throughout the planning and execution of your big day.