Is Ticket Insurance Worth It? [BEFORE You Buy]

You can’t just underestimate the importance of ticket insurance. Buying event tickets can be an exciting experience, but what happens if something unexpected happens and you can’t attend? That’s when this insurance comes in handy. Ticket insurance offers a way to get a refund on tickets if you ca unable to attend an event due to unavoidable circumstances.

Is ticket insurance worth the cost?

Yes, in certain situations, this insurance can be worth the cost. Buy tickets for an expensive event, such as a music festival or sports game, and are concerned about the possibility of cancellation or unforeseen circumstances preventing you from attending. This insurance is a peace of mind for the customer.

Additionally, if you purchase tickets well in advance, there is a chance that something could come up and prevent you from going. In these cases, the small fee for ticket security can save you money and hassle you in the long run.

What does ticket insurance cover?

If you purchase this insurance, you may wonder what it covers and what you pay for. Allianz Event Insurance is one example of this insurance, and it covers the total price of tickets if the ticket holder cannot attend the event due to a qualifying circumstance. The different situations include:

Contingency planning if one of the people attending a function falls ill or is injured. A relative is hospitalized or requires care by the ticket holder. Traffic accidents prevent the ticket holder from getting to the event. The ticket holder is relocated by their company and moves over 100 miles away from their home. The ticket holder is required to miss an event as a result of military orders

What type of planWhat things are coveredWhat things are not covered
Covered illness and injurySudden illness and hospital intakesPrevious illness
Road rageInvolving in road accidents and stuck in trafficStuck in traffic not during the way of event location
Military ordersGovernment ordersPersonal reasons

Benefits of Insurance

  • Coverage for Cancelled or Postponed Events: If an event is canceled or postponed, this insurance can provide coverage to ensure you get your money back.
  • Refunds for Personal Emergencies: If you cannot attend an event due to a personal emergency, such as a family member’s illness or an accident, this insurance can help you get your money back.
  • Reimbursement for Travel Expenses: If you have booked travel arrangements to attend an event, this insurance can cover your travel expenses if the event is canceled or postponed.
  • Protection Against Loss or Theft: If you lose your tickets or are stolen, ticket insurance can help you still get replacements to attend the event.

How does the insurance of tickets work?

Ticket insurance is an optional add-on that can be purchased when buying event tickets. It works like any other insurance policy. You pay an additional fee, typically a percentage of the ticket cost, and in exchange, you’re covered for a set of specific circumstances.

If any of those circumstances occur and prevent you from attending the event, you can file a claim with the insurance company. and, if approved, receive a refund for the cost of your ticket. The specific circumstances covered by this insurance vary by policy including illness, job loss, and severe weather events.

What’s the Cost of ticket insurance?

The cost of this insurance varies depending on the event, ticket price, and coverage options. Typically, it can cost 5-10% of the ticket price. However, it’s essential to consider the likelihood of needing to use the insurance before purchasing it.

Final Thoughts

After evaluating the pros and cons of this insurance, it ultimately depends on a person’s preferences and circumstances. If you purchase expensive tickets or attend a once-in-a-lifetime event, this insurance can provide peace of mind and financial protection.

However, ticket insurance may not be worth the extra cost if you are purchasing tickets for a low-cost event or are not concerned about potential cancellations or changes.

Are Ticketmaster tickets legit?

Yes, Ticketmaster is a legitimate and reputable ticket seller in business for decades. They work with event organizers and venues to offer a wide selection of tickets for concerts, sports events, and more.

How much refund will I get if I cancel my ticket?

Typically, when you cancel your ticket, you’ll receive 50% of the fare paid, subject to the minimum cancellation charges.

Check Out Is Allianz Ticket Insurance Worth It?

Woody Mackarly
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