“It has been a TERRIBLE, HORRIBLE, NO GOOD, VERY BAD DAY. My mom says some days are like that. Even in Australia.” ~ Judith Viorst, Alexander and the Terrible, Horrible, No Good, Very Bad Day.
Sometimes, you just need to celebrate. Whether a celebrating a birthday or National Cheeseburger Day, it is important to gather the information pertaining to the type of event hosted. After the usual details complete the invitation, it is time to dig into the details of the perfect event. Often placed on the back burner is the need for Personal Event Insurance. Fact is, whether you’re planning an event for yourself or close family member, unforeseen occurrences could very well leave you in an uncomfortable position. So why is Personal Event Insurance important and does it have value?
Personal Event Insurance provides liability coverage in the event things do not go according to the plan. Luck should not be a factor when planning a special event. A successful event is the result of an incredible amount of time and money during the planning process. Personal Event Insurance helps minimize personal responsibility and an unavoidable setback if you face a loss.
Inviting your family and friends, a few co-workers and a few neighbors, even a long lost friend via Facebook will create a dynamic guest list. Sometimes the closest of friends can have the strangest behavior. When hosting an event, guests that incur out of pocket medical, property or legal expense stemming from your event may find its way to your mailbox. Will you be ready?
Celebrations are for events that shape a life. Minor events such as National Taco Day or National Cheeseburger Day may enhance your life for a day or two. Celebrating life achievements are more personal and require stronger attention to detail. Major events include, but not limited to:
- Anniversary Parties
- Birthday Parties
- Bar/Bat Mitzvah
- Baby Showers
Depending on the host, some seasonal events like Superbowl parties or Independence Day picnics, are just as personal and earn their own set of unique risk characteristics.
When planning an event, there are risks with subsequent effects. These include weather, illness, and accidents, vendors going out of business or military deployment. Sharing events with those that impact your life should not be interrupted. Purchasing Personal Event Insurance may cover the unforeseen what-if’s:
- Cancellation or postponement of the event
- Event photographs/video
- Event gifts
- Special attire
- Special jewelry
- Lost deposits
- Additional expenses
- Liability insurance (optional coverage)
- Liquor liability insurance (optional coverage)
Contact your local Insurance Agent to discuss what limits are available for the type of event you are hosting. Personal Event Insurance plans are affordable, considering how much time it takes to plan, prepare and perfect your special day. If you are planning a personal event, large or small, invest in personal event insurance with an Insurance Agent and protect your pocketbook.
Just like Alexander, “Some days are like that…even in Australia.”
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