Best Event Insurance 2024
Looking for event insurance (also know as special event insurance)? Confused at the different options? Is your event venue making insurance mandatory? What is the best event insurance for 2024?
Below we summarize the various carriers to try to determine the Best Event Insurance for 2024, however costs can vary from carrier to carrier due to different coverage limits and endorsements. Before purchasing a policy, check your venue’s requirements to ensure that all the requirements are being met, including the need for Waiver of Subrogation and/or Primary Noncontributory endorsements.
In order to make the below comparison as ‘apples to apples’ as possible, the below criteria was used:
- $1 million / $2 million (occurrence/aggregate) liability limits
- 150 guests
- 1 day wedding in California
- Excludes taxes/fees
- Cancellation coverage option not chosen
- Host liquor is included by all the carriers
There were two standouts as listed below:
Cost of Wedding Insurance in 2024 By Various Insurers:
Top Choice: GatherGuard
$125
Damage to rented premise limit: $250,000
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Free quote feature available
Top Choice: Specialinsurance.com
$210
Damage to rented premise limit: $300,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
$0 deductible
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required
FLDean
$430
Damage to rented premise limit: $300,000
Medical expense limit: $0
Waiver of Subrogation Endorsement: Unclear
Primary Noncontributory Endorsement: Unclear
Allstate/GEICO/USAA*
*All listed insurers redirect to a third party insurer and do not provide coverage themselves. Coverage not available in CA.
$310
Damage to rented premise limit: $1 million / $2 million (occurrence/aggregate)
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Unclear
Travelers
$375
Damage to rented premise limit: $250,000
Medical expense limit: Unclear
Waiver of Subrogation Endorsement: Unclear
Primary Noncontributory Endorsement: Unclear
WedSafe
$235
Damage to rented premise limit: Unclear
Medical expense limit: $0
Waiver of Subrogation Endorsement: Unclear
Primary Noncontributory Endorsement: Unclear
Wedsure
$280
Damage to rented premise limit: Unclear
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Unclear
Eventsured
$213
Damage to rented premise limit: $300,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Ewed
$345
Damage to rented premise limit: Unclear
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Thimble
$244
Damage to rented premise limit: $100,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
OneDayEvent
$262
Damage to rented premise limit: $1M
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
In conclusion, navigating event insurance costs from different carriers is essential to make an informed decision. Understanding the nuances of event insurance costs ensures you secure the right coverage at the best value. Choose wisely to strike the perfect balance between comprehensive coverage and affordability.
Disclaimer: The materials available on this site are for informational purposes only and should not be construed as advice or guarantees on any subject matter. The opinions and statements expressed through this site are the opinions of the individual author and may not reflect the opinions of JAUNTIN’. This blog contains general information which may not be current or accurate. For specific questions about insurance and any requirements, please contact your insurer directly.