Should You Invest In Event Insurance?

December 29, 2020

Planning a wedding, or any big event, comes with making a lot of important decisions - picking the right event space Raleigh NC, booking food and alcohol vendors, decorations, and finalizing the guest list are just a few that come to mind.

Planning a wedding, or any big event, comes with making a lot of important decisions - picking the right event space Raleigh NC, booking food and alcohol vendors, decorations, and finalizing the guest list are just a few that come to mind. Putting on an event of this scale is not only a financial investment but an emotional one as well, and when you think about all the costs involved in a wedding or other big event, swinging an extra few hundred bucks for some peace of mind should be a no-brainer.Wedding insurance, also called event insurance, can shield people from financial loss that could result from a number of setbacks, such as severe weather, property damage and vendor problems. The Sutherland event space in Raleigh NC is here to explain what is and isn't covered under wedding insurance so that you can decide if it’s worth the investment for your big event.

There are two types of policies that you can opt for: liability insurance and cancellation insurance.

Liability Insurance

Liability insurance covers property damage to the wedding site and bodily injuries to attendees. This is ideal if something happens at the event that is out of your control. Specific coverage varies from policy to policy, so you should always be clear with your representative about what you're paying for. Many policies include the following:

  • Guest injuries
  • Liquor liability
  • Vendor issues
  • Lost or stolen items
  • Damage to the venue

Liability insurance is the most common wedding insurance sold of the two options. If a wedding guest slips and falls on the dance floor and gets injured, liability insurance will cover their medical bills up to the limits specified on your policy. You can also structure your liability coverage to include events within 48 hours of the wedding, like the rehearsal dinner or day-after brunch, as well as deliverables from your vendors, like the cake, flowers, or dress. All of the things you may be writing checks for throughout the planning process can be insured.

Cancellation Insurance

Cancellation and postponement protection covers you in the event your wedding cannot be held on the day it was scheduled as a result of circumstances beyond your control. This type of insurance policy provides reimbursement for the deposits made to vendors — i.e., your events space Raleigh NC, caterer, band, photographer, florist, etc. — if you’re forced to cancel or postpone a wedding because of extreme weather, unexpected illness to the bride, groom, or an immediate family member, military deployment, or for other reasons beyond your control. But what about when it comes to pandemics or epidemics? Be sure to ask the specifics of what the policy you are considering covers. What cancellation insurance doesn’t cover is a change of heart. Unfortunately, there’s no insurance for a runaway bride or runaway groom.

The Sutherland Event Space Raleigh NC

Plan your special day or your next event at The Sutherland event space Raleigh NC. Our friendly, knowledgeable team is ready to help you every step of the way. Contact us today to request a tour and work with our team to coordinate everything you need for a wedding reception, corporate event, or other big event. We look forward to working with you to make your event the best it can be!


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