Ticket Insurance: Is It Transferable Or Not?

Ticket insurance is an optional service that provides coverage for missed events. Allianz Global Assistance, for example, offers ticket insurance that covers reimbursements for reasons such as covered illnesses, job loss, travel delays, and more. However, it's important to note that ticket insurance policies may have exclusions and might not cover event cancellations or delays by the venue or promoter. When considering whether ticket insurance transfers, it is essential to review the specific terms and conditions of the insurance provider, as they may vary.

Ticket insurance covers unforeseen circumstances

Ticket insurance can provide peace of mind in the case of unforeseen circumstances that may prevent you from attending an event. These circumstances include serious unforeseen illness, traffic accidents, issues with your home or business, airline delays, and even termination of employment. For instance, you might be stuck in Toronto during severe snowstorms, or a Strep test might come back positive. In such cases, ticket insurance ensures that you receive a refund for your ticket purchase.

Allianz Global Assistance, for example, offers an event ticket insurance product called Event Ticket Protector. This insurance covers a range of unforeseen circumstances, including serious illness, traffic accidents, and airline delays. It is important to note that the policy has specific exclusions, and it is recommended to carefully review the terms and conditions before purchasing.

In the case of unforeseen circumstances, ticket insurance can be a valuable option to consider. Without insurance, you may be left with unused tickets and no financial recourse. While you could try to give the tickets to a friend or resell them, these options are not always feasible or guaranteed. Ticket insurance provides a more reliable solution, ensuring that you receive a refund and can use the money to attend the event at a later date or for other purposes.

To make a claim on your ticket insurance, you will typically need to provide solid documentation of your circumstances. This may include doctor's notes, police reports, or employer letters. It is important to review the specific requirements of your insurance provider to ensure you have the necessary documentation in case you need to make a claim. Overall, ticket insurance can provide valuable protection against unforeseen circumstances, giving you peace of mind and financial recourse in the event of a missed event.

It can reimburse up to 100% of ticket costs

Ticket insurance can reimburse up to 100% of ticket costs in the case of unforeseen circumstances, such as illness, delayed flights, traffic accidents, and other factors impacting your ability to get to and attend an event. For example, Ticketmaster's Event Ticket Insurance covers 100% of the ticket price, taxes, convenience fees, and shipping charges, along with other eligible event-related items like parking. Allianz Global Assistance's Event Ticket Protector™ also offers a refund for a range of covered reasons, including unforeseen illness, travel delays, and issues with your home or business.

When purchasing ticket insurance, it's important to carefully review the terms and conditions, as there may be exclusions and limitations to the coverage. For instance, some policies may not cover event cancellations or delays initiated by the venue or promoter. Additionally, certain policies may require solid documentation of your circumstances, such as medical certificates or police reports, to support your claim.

The decision to purchase ticket insurance depends on your personal preference and the level of risk you are comfortable with. While ticket insurance provides peace of mind and protection for your investment, it may be an additional cost that some consider unnecessary. It is worth noting that, in some cases, reselling tickets may be prohibited or challenging, especially if done at the last minute.

Ultimately, ticket insurance can offer a valuable safety net, ensuring that you don't lose the full cost of your tickets should unforeseen circumstances prevent you from attending an event. It provides reassurance and a potential solution when unexpected events threaten your plans.

Ticket insurance doesn't cover event cancellations

Event ticket insurance is a great way to protect your investment in seeing your favourite teams, acts and performers. However, it is important to note that ticket insurance does not cover event cancellations.

Ticket insurance is designed to cover the ticket holder in the event that they cannot attend due to a number of unforeseen reasons. These reasons include serious unforeseen illness, traffic accidents, issues with your home or business, airline delays, and even termination of employment. This means that if you are unable to attend the event for any of the covered reasons, you will be refunded the cost of your ticket. This can provide peace of mind, especially if you have spent a significant amount of money on the tickets.

However, it is important to understand the exclusions of ticket insurance. One major exclusion is event cancellation. Ticket insurance does not cover event cancellations or delays by the venue or promoter for any reason. This means that if the event is cancelled or delayed due to circumstances beyond your control, such as severe weather or venue issues, your ticket insurance will not provide a refund. In this case, your best option for a refund would be if the promoter or venue voluntarily issues refunds.

It is worth noting that different ticket insurance providers may have varying terms and conditions, so it is important to carefully review the specific exclusions and coverage of your policy. Some policies may offer more comprehensive coverage, while others may have more limitations. Additionally, some venues or promoters may offer their own ticket insurance with different terms, so it is always a good idea to read the fine print before purchasing any type of ticket insurance.

Overall, while ticket insurance can provide valuable protection in the event that you cannot attend for covered reasons, it is important to understand that it does not cover event cancellations. As such, it is essential to carefully consider the terms and conditions of any insurance policy before purchasing, to ensure that it provides the level of coverage you require.

Ticket insurance provides peace of mind

Life is full of uncertainties. We work hard, build our dreams, and strive to provide for our loved ones, but sometimes things don't go according to plan. This is where ticket insurance comes in, providing peace of mind and shielding us from potential financial losses.

Ticket insurance, such as Allianz Global Assistance's Event Ticket Protector™, offers a proactive peace of mind and a reactive solution for dealing with unforeseen circumstances. For a small percentage of your ticket price, you gain coverage that provides a refund for your purchase if you can't attend an event for covered reasons. These reasons typically include serious unforeseen illness, traffic accidents, issues with your home or business, airline delays, and even termination of employment.

For example, imagine you're stuck in Toronto during severe snowstorms but had plans to see Bruce Springsteen perform in the US. Or perhaps you've tested positive for Strep and can't attend your alma mater's college football game. With ticket insurance, you can rest assured that you'll get your money back, allowing you to book seats the next time your favourite artist or team comes to town.

Ticket insurance is especially useful when compared to reselling options, as it is more efficient and reliable, and may be the only option to receive the full value of your tickets on short notice. Without insurance, you might have to give your tickets to a friend or try to resell them, which comes with a lot of uncertainties and may not guarantee a refund.

Ultimately, ticket insurance gives you the confidence to navigate the uncertainties of life, knowing that your interests, assets, and well-being are protected from potential harm or loss. It allows you to focus on what matters most and provides a sense of security amidst the chaos of life's unexpected twists and turns.

Ticket insurance covers illness, injury, job loss, etc

Ticket insurance can provide peace of mind in the case of unforeseen circumstances that may prevent you from attending an event. Allianz Global Assistance's Event Ticket Protector™ is one such insurance product that offers coverage for a range of scenarios, including illness, injury, and job loss.

In the case of illness, ticket insurance can cover serious unforeseen illnesses, including those that are life-threatening or require hospitalization. This coverage extends not only to the policyholder but also to their family members. It's important to note that pre-existing medical conditions may be excluded from coverage unless a Pre-Existing Condition Exclusion Waiver is obtained.

Injury or medical conditions that are disabling enough to make you cancel your trip are also typically covered by ticket insurance. This includes injuries or conditions that occur before or during your trip. However, general exclusions may apply, such as injuries sustained from participating in extreme or high-risk sports and activities.

Job loss or termination of employment is another covered reason for ticket cancellation. This usually applies when the policyholder or their travelling companion is laid off or terminated by their current employer after purchasing the policy. Additionally, securing a new job or experiencing a job relocation that conflicts with the trip dates may also be covered reasons.

Other covered reasons for ticket cancellation or interruption include issues with your home or business, airline delays or missed flights, traffic accidents, mandatory evacuations due to natural disasters, and even the inability to receive a required vaccination for travel. It's important to carefully review the specific terms and conditions of your chosen ticket insurance policy, as coverage may vary.

Frequently asked questions