The True Cost of Cheap Event Insurance

Woman with questions about event insurance
We’ve all seen it:

“Event Insurance For Cheap”

“Lowest Price Event Insurance Out There”

“Save The Most With Us!”

It’s no surprise that there is a race to the bottom with Event Insurance. Most venues are now requiring event organizers to have Event Insurance, and it has in turn become quite the hot commodity.

So why not purchase the cheapest event insurance you can find?

The thing is, not all Event Insurance policies are created equal and more often than not, companies offering cheap event insurance sacrifice quality at the customers expense.

In short, while you may get a great price up front, you’ll end up paying for it in the long run if or when a claim arises and you need to actually use your insurance!

So how can you tell the difference between a quality low price event insurance and a low-quality cheap event insurance? Here are some important traits you should look for:

Coverage

Quality coverage might cost a little more, but you will likely have the option to purchase a policy with higher limits and additional coverage options that will let you tailor your event insurance to cover your event properly. Special Event Insurance offers limits up to $2 million per occurrence with a $2 million annual aggregate, as well as additional optional coverages such as, Damage to Premises, Liquor Liability, Hired & Non-Owned Auto Liability,

Event Insurance Policy Features

Cheap Event Insurance might offer great prices but lack in valuable features or qualifications. Cheap Event Insurance companies may be “non-admitted” and that could mean trouble for customers It is essential to clarify whether with any insurance company you speak with as if they are non-admitted, it means the insurance company does not necessarily comply with state insurance regulations and if the insurance company becomes insolvent, there is no guarantee that your claim will be paid! A quality Event Insurance policy will be through an “Admitted” insurance carrier.

R.V. Nuccio & Associates Insurance Brokers, Inc. has been exclusively developing and managing insurance product lines for A+ rated admitted carriers for over 25 years.

Claims Processing

To help cut costs and get you a lower rate, cheap Event Insurance companies might not be able to offer comprehensive or quality claims services. These companies may use outside adjusters, or lack a solid 24/7 support. In these cases, customers end up in limbo while a claim drags on forever.

On the other hand, quality Event Insurance comes with highly trained and experienced claims professionals. For many customers, it is worth the money in the long run, because claims are settled quickly and there is less hassle.

Attention, Convenience, and Customer Service

Cheap Event Insurance is solely focused on price, not as much on customer service or convenience. This type of event insurance company may seem fine at the start but customers just trying and get a question answered, get some personalized attention, or service a policy, will think again after being frustrated with the lack of service.

Quality Event insurance is there for you when and where you need them, with personalized service, 24/7 support, and convenient online access to documents, billing, and policy information. above all, quality event insurance saves you time and money by giving you what you want, when you want it.

Big savings may sound great from the outset, but remember, even when it comes to insurance for your event, you get what you pay for, And sometimes the savings up front really mean bigger costs and hassle down the road. So do your research before you buy, and know that the price you’re getting includes all the coverage, services, options, and extra you want to make it worth your while.

Special Event Insurance from R.V. Nuccio & Associates, Inc. offers quality, affordable event insurance policies underwritten by Fireman’s Fund, a company of Allianz, one of the largest insurance providers in the world. The insurance carrier is admitted in all 50 states and customers have access to their policies online 24/7. Premiums start as low as $50.

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