Event Cancellation
Real-Life Claim Scenario: Scott worked for a non-profit organization that hosted an annual charity golf tournament to benefit disadvantaged children. Every year, the event grew in size, attracting many prominent community members. This year, the event was projected to raise $86,000 in net proceeds – a 15 percent increase from the year before. Sponsorship was strong, 144 players were signed up, and every detail had been considered. Every detail except a wildfire, that is.
As luck would have it, a fire broke out in the hills behind the golf club just two days before the event. Despite their best efforts, crews were unable to stop the blaze. Because of hazy smoke, polluted air and dangerous conditions, the road to the golf club was closed, the golf club was completely inaccessible, and the event had to be cancelled. Fortunately, Scott had the foresight to purchase Event Cancellation Insurance, so his company was able to recoup the $86,000 opportunity lost.
Estimated cost with Event Cancellation Insurance: $344
Estimated cost with NO Event Cancellation Insurance: $86,000
A Smart Solution:
RVNA Event Cancellation Insurance
Event Cancellation Coverage is available in addition to Event Liability Insurance, Weather Insurance and Accidental Death & Dismemberment/Medical Payment Insurance.
View more about Event Cancellation Insurance