“This insurance is to indemnify the assured for their ascertained net loss should the insured events be necessarily cancelled, abandoned, postponed, interrupted, curtailed or relocated, which necessary cancellation, abandonment, postponement, interruption, curtailment or relocation is the sole and direct result of a cause not otherwise excluded which occurs during the period of insurance and is beyond the control of both the assured and the participant therein .”
That’s what our policy says… but no one loves reading legalese.
In short, should your event require canceling for reasons outside of your control, and not listed as an exclusion within your Policy Wording, we will (depending on your coverage selection) pay either your expenses (i.e.costs less any revenue) or your anticipated total revenue (i.e. total expenses plus net profit) up to the amount requested to be insured.
If you want to know more about the insurance we offer, contact us.