If you're planning a large event in the near future, then you know how much work goes into it. From securing a venue to ensuring the entertainment is just right, protecting yourself with event insurance in case something falls through the cracks is essential. Below, Goggans Insurance in Scottsboro, AL, answers some of the most frequently asked questions on this specific type of insurance.

Event Insurance Questions Answered

What TypeS of Events Are Typically Covered?

A large variety of events can be covered under this policy, but the most common include weddings, fairs, trade shows, competitions or sporting events, or general social get-togethers. Event insurance protects your investment if you need to cancel the occasion altogether or if property damage occurs while it’s going on. 

What Is Usually Covered?

Under event liability insurance, you'll be protected if someone sustains a bodily injury or files a lawsuit for property damage. This protects both you and any other sponsors of the event. Additionally, event cancellation insurance pays for expenses related to canceled or postponed events, including lost deposits, accommodation reservation costs, or additional lodging rentals. This could be if a wedding was unexpectedly called off because of an emergency, or if a storm prevented an outdoor event from happening. 

When Should I Purchase a Policy?

You can get a policy at any time during your event planning, but just make sure it's in place for at least 24 hours before your event. Once you start making payments or placing holds on locations, you can start the process.

Can I Add My Venue or Vendors Onto My Policy?

You will have the option to add the venue to your policy as an additional insured party, as some venues require this in order to host any event. However, specific vendors cannot be included, since they are individually responsible for their own insurance.

If you have an upcoming event, consider purchasing event insurance for extra protection. Goggans Insurance has been providing the Scottsboro, AL, community with quality insurance for more than 30 years, offering comprehensive coverage from car insurance and home insurance to commercial and business coverage. Their insurance agents work to ensure each client gets individualized and affordable coverage, and that they understand their policy and what it covers. To learn more about the type of services they offer, visit them online or call (256) 574-3440 to speak with an agent today.