Experts: Event-cancellation claims should meet all policy terms

11/26/2012 | Insurance Journal

Event organizers and sponsors need to understand policy terms and exclusions before buying event-cancellation insurance, lawyers Jeffrey Schulman and Shaun Crosner write. An event-cancellation policyholder also should work to meet all policy terms and conditions when filing a claim, Schulman and Crosner write. "[T]he scope of coverage provided by event cancellation policies can vary widely, so insureds should carefully review their policies prior to making a claim to ensure that they frame their claim in a way that maximizes recovery and takes full advantage of the coverage provided," they write.

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