What you Need to Know About Event Insurance vs. Homeowners Insurance Policies

Couples sometimes think their wedding is protected under their homeowner’s insurance policy, but more often than not, this is not the case.

Here is what you need to know about recommending event insurance policies to your clients versus telling them they are probably covered under their homeowner’s policy:

• Location – Typically homeowner’s policies only cover the wedding/reception if it’s located on the home’s property, while an event insurance policy will cover events located off the insured’s property as well.
• Liability Limits – Most times a venue will require a liability limit that exceeds homeowner’s policy liability limit. With an event insurance policy, liability limits can go over $1million, while most homeowner policies have about $500k personal liability on their homeowner’s policy.
• Liability Only – A homeowner’s policy will only cover liability. Both cancellation coverage and liability coverage can be purchased with Markel.
• Coverage Outside of the US – A homeowner’s policy typically only covers the insured in the US. Most event insurance policies extend outside the 50 states.
  • Cancellation Event Insurance Coverage: USA & its territories/possessions, Canada/UK, Bahamas, Bermuda, Caribbean Islands, Mexico, and cruises leaving those ports.
  • Liability Event Insurance Coverage: USA & its territories/possessions, Canada, and cruises leaving those ports.
• Business or Corporate Events – These are not typically covered under a homeowner’s insurance policy.
• Additional Insureds – An event insurance policy can usually add additional insureds in certain situations if required. For example, if an insured is having their wedding at a Clubhouse, we can add the Clubhouse as an additional insured on the policy if required.

Now you can help your clients protect their special day with Markel’s easy and affordable event insurance. When your client is properly protected against the unexpected, so is your reputation.

Here are the key benefits of Markel Event Insurance:

• Guaranteed to meet any venue’s insurance requirements – or your money back!
• Free brochures! Simply give your client a Markel brochure, and they do all of the work.
• Protection and peace of mind for you and your clients.
• Policies can be purchased online or over the phone in minutes.
• Affordable and easy insurance solution – policies as low as $75.
• Free publicity! Learn how your business can get a free listing on markeleventinsurance.com!

Provide your clients with an easy, affordable option to protect their event.

Visit Markel Insurance now to learn more!

This is a sponsored post from Markel Insurance.

Via Event Planning Essentials http://www.rssmix.com/