While booking event tickets, shopping online, or making online payments, you might have come across offers to buy insurance covers. These bite-sized or sachet policies cover a specific risk for a limited period. Unfortunately, very few of us respond to such offers on a whim; sometimes, we buy them, while sometimes we don’t.
You might have heard about various types of insurance, but have you ever heard about event ticket insurance? Or wonder why event ticket insurance is worth it? Read the article to know everything. But first of all, let’s understand what event ticket insurance is, what it covers, and more.
What is Event Ticket Insurance?
In simple terms, event ticket insurance is a means of protection from financial loss. It is a state of risk management used to hedge against the uncertain loss or risk of a contingent. For example, suppose you can’t attend the event after purchasing the ticket due to reasons like airline delays, covered illness, traffic, accidents, etc.. In that case, you can get your ticket price back with event ticket insurance.
With event ticket insurance reimbursement, you can get ticket prices along with taxes and shipping charges. This relieves you from stress while purchasing tickets for your favorite artist’s event and more. But is ticket insurance worth the costs? Some ticket insurances cover illness claims, but not illness related to pandemics.
Is Event Ticket Insurance Worth it?
Some concert tickets now provide an insurance option, while a few platforms like Ticketmaster also do the same. When you choose ticket insurance during the checkout process, you can get a refund of the ticket if you can not make it to the event for a covered reason. You will get around 100% of your money back, along with taxes, fees, and shipping charges.
Allianz Global Assistance offers ticket insurance. You need to pay a separate charge from them if you decide to add insurance. Once you agree to ticket insurance, you will receive an email containing a certificate of policy/insurance and your insurance policy number.
Event ticket insurance ensures your financial investment in the tickets, helping you eliminate the risk of financial loss. However, it’s worth investing in the event ticket insurance as life is unpredictable and sometimes throws a wrench in plans that you are really looking forward to. Purchasing Allianz Event Ticket Insurance through the event ticketing platform will give you access to the clock helpline, where a multilingual staff of issue solvers can help you.
What is Covered by Event Ticket Protector Insurance?
The event ticket protector insurance covers reimbursement for 100% of the ticket price. If you fail to reach your event destination due to one or other reason that is covered in the claim, then you can get your financial loss covered with ease. These reasons include:
Covered injuries or Illness: You get a fund return if you are not able to attend the event because your family member is hospitalized and needs your care.
Traffic accidents: If event attendees are prevented from attending due to heavy traffic caused by accidents.
Mechanical Breakdown: If you have a breakdown in your vehicle within 48 hours of the event
Carrier delay: If you have a carrier delay, you can get the ticket price.
Home or business issues: If you are facing unexpected situations like a flood, fire, burglary, vandalism, or other natural disasters.
Family member care: If any of your family members have serious injuries and require extra care.
Work Relocation: If you need to relocate due to a company transfer over 100 miles from your home.
Military Duty: If you have military orders to join, which would make you miss the event
Death: If an event companion or any other member of their family passes away immediately.
Make sure to read all the terms and conditions to know more about what is covered with event ticket insurance and what is not. However, certain pre-existing conditions, such as COVID-19, are covered by this type of insurance.
Event ticket protectors can also access the Allianz Global Assistance Event 24*7 assistance hotline. Staff is available to help you with a medical, legal, or travel-related emergency; you just need to dial 1-800-424-3396 to get all your problems solved within a few minutes.
How To Buy Event Ticket Insurance?
Do you want to buy event ticket insurance? Does your event ticketing platform offer it? Then you just need to select the “Yes, Protect My Ticket Purchase” option during the checkout process. If you select the option, you will be charged around $8.00 per ticket by CUMIS General Insurance Company for Ticket Protector coverage.
However, if you fail to purchase insurance during the event ticket purchase, you are also eligible to get it later. But the price of insurance increases later; you need to pay about $20 per ticket. Also, ensure to purchase the insurance no later than 30 days before the event date.
How Can You Claim the Event Ticket Insurance?
If you have to purchase the event ticket insurance and want to claim it, you can go online at eventticketprotection.com/tm. You can contact Allianz Global Assistance at 800-334-7525 or visit their office. Have hands-on details and documentation that is needed to claim the insurance. If you have any queries, then Allianz Global Assistance staff will be available 24/7.
What if the Organized Event is Canceled or Rescheduled?
No worries, if the event is rescheduled, you can update your Allianz ticket insurance as per the new date. You need to make the update within 770 days of the original purchase. However, for any reason, if the event gets canceled, then you can easily cancel your plan and get the full amount of your insurance plan.
Are You Planning to Purchase Ticket Insurance for the Next Event?
It is already frustrating when you can’t enjoy the event that you have been waiting for longer due to one reason or another. But why lose your investment, too, when you can get it refunded with ticket insurance? Just go with Allianz Event Ticket Insurance with your next event ticket purchase and protect your investment.
With lots of uncertainties that come with a pandemic, lots of people are purchasing ticket insurance for sports events, concerts, festivals, etc. So you must also purchase the same. Remember that the ticket insurance covers the event ticket purchase cost, not expenses like traveling and others.
Are You Planning to Provide Attendees With Advanced Functionalities?
As an event planner, you might be planning to provide your attendees with advanced functionalities and might be looking for ways to help you win their trust. Then, planning your event with the help of a feature-rich event ticketing system is the best option. It also makes it comfortable for you to manage event tickets, check the number of attendees, and more. It even makes the event ticket purchase experience smoother for the attendees.
Author Bio:
Rakeebkhan Durani is a seasoned content writer. With a passion for sharing knowledge, he crafts insightful articles that demystify complex topics for his readers. Whether it’s analyzing the latest movements in the share market or highlighting significant expo events today in Singapore, Rakeebkhan ensures his audience stays informed. His coverage extends to upcoming events in Dubai, offering readers a glimpse into the city’s vibrant cultural and business landscape. Through his writing, he connects with passionate readers, fostering a community of informed and engaged individuals.
