Jeffrey Wade
Ticketmaster customers are offered Event Ticket Protector insurance at checkout, which costs about 10% of the ticket price. This add-on service may reimburse your ticket purchase if you can't attend an event for certain covered, unexpected reasons. With tickets for live events like sports games and concerts becoming increasingly expensive, fans of big-name artists are considering whether the insurance is worth the extra cost.
| Characteristics | Values |
|---|---|
| Cost | 10% of the ticket price |
| Coverage | Ticket price, taxes, convenience fees, shipping charges, parking, and other eligible event-related items |
| Benefits | Reimbursement of ticket purchase if unable to attend due to covered reasons; access to a 24-hour assistance hotline for medical, legal, or travel-related emergencies |
| Exclusions | Event cancellation or delay by the venue or promoter; other exclusions may apply depending on the policy |
| Considerations | The policy may not cover all situations, and documentation of circumstances is required for most claims |
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What You'll Learn
- Ticketmaster's Event Ticket Protector insurance covers the ticket price, fees, shipping, and more
- Ticket insurance is offered by Allianz Global Assistance, a reputable travel insurance company
- Ticket insurance costs around 10% of the ticket price, which could be a significant expense
- Ticket insurance may not cover enough situations to make it worth the cost
- Ticket insurance does not cover events cancelled or delayed by the venue or promoter
Ticketmaster's Event Ticket Protector insurance covers the ticket price, fees, shipping, and more
Ticketmaster's Event Ticket Protector insurance, offered by Allianz Global Assistance, covers the ticket price, fees, shipping, and more. The insurance costs about 10% of the ticket price, which can range from a few dollars to over a hundred dollars. This additional cost may be worth it for those seeking peace of mind and protection for their ticket purchases.
The coverage includes the ticket price, taxes, convenience fees, and shipping charges. It also covers other eligible event-related items added to your order, such as parking. Additionally, the insurance provides access to a 24-hour assistance hotline with multilingual support for medical, legal, or travel-related emergencies.
When considering whether Ticketmaster's insurance is worth it, it's important to understand what it covers. The policy includes 18 covered reasons for ticket cancellation, but these are subject to 20 listed general exclusions. For example, the insurance doesn't cover ticket purchases if the event is canceled or delayed by the venue or promoter for any reason.
To make a claim, customers need solid documentation of their circumstances. Doctor's notes, police reports, or employer letters may be required to receive coverage. While ticket insurance may provide some reassurance, it's important to carefully review the policy's inclusions and exclusions to determine if it aligns with your specific needs and concerns.
Overall, Ticketmaster's Event Ticket Protector insurance offers comprehensive coverage for various expenses associated with ticket purchases. While it may be a worthwhile investment for those seeking protection, it's essential to weigh the cost against the likelihood of needing to utilize the insurance and ensure the coverage aligns with your potential reasons for needing to cancel.
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Ticket insurance is offered by Allianz Global Assistance, a reputable travel insurance company
While Allianz Global Assistance is a reputable company, there are some mixed reviews of their event ticket insurance product. Some customers have complained that their claims were denied, even after initially being told that their situation would be covered. On the other hand, some customers may find that the insurance provides peace of mind, especially when purchasing expensive tickets.
When considering whether to purchase ticket insurance, it is important to weigh the potential benefits against the costs and exclusions. Ticket insurance may not be worth it if the policy does not cover enough situations, or if the cost of the insurance is high relative to the ticket price. Additionally, customers should be aware that the insurance does not protect against events being cancelled or delayed by the venue or promoter.
Ultimately, the decision to purchase ticket insurance depends on individual preferences and risk tolerance. While it may provide peace of mind and financial protection in certain situations, there are also potential drawbacks and limitations to consider.
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Ticket insurance costs around 10% of the ticket price, which could be a significant expense
Ticket insurance is a type of protection that might reimburse your purchase if you can't attend an event for certain covered, unexpected reasons. Ticketmaster, in partnership with Allianz Global Assistance, offers Event Ticket Protector, which costs about 10% of the ticket price. While this may seem like a small percentage, it can amount to a significant expense, especially for pricier tickets. For instance, tickets for Swift's Eras tour ranged from $50 to $900 at face value, and tickets for Beyoncé's Renaissance tour ranged from $60 to $1,000. In such cases, the 10% insurance fee could result in a substantial additional cost.
The decision to purchase ticket insurance depends on several factors. On the one hand, the peace of mind that comes with knowing your purchase is protected can be valuable, especially if you've invested a significant amount in a high-demand event. However, it's important to consider the exclusions and limitations of the insurance policy. For example, the policy may not cover event cancellations or delays initiated by the venue or promoter, which could be a significant drawback.
Additionally, the relevance of ticket insurance depends on the individual's circumstances. If the event is local and the likelihood of unforeseen complications is minimal, the added expense may seem unnecessary. On the other hand, if the event requires travel and there is a chance that work, health, or other unforeseen issues could arise, the insurance might be a wise investment.
Ultimately, the decision to purchase ticket insurance is a personal one. While the cost of insurance may be significant, especially for pricier tickets, weighing the potential reimbursement against the likelihood of needing to cancel or miss the event can help determine if the added expense is justifiable. It's important to carefully review the terms and conditions of the insurance policy, understand the covered reasons for cancellation, and decide if the protection aligns with your specific needs and concerns.
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Ticket insurance may not cover enough situations to make it worth the cost
The decision to purchase ticket insurance depends on individual preferences and risk tolerance. While it can provide reimbursement for certain unforeseen circumstances, the coverage may not extend to all possible scenarios that could prevent attendance at an event. In addition, the cost of ticket insurance can be significant, typically ranging from a few dollars to over a hundred dollars, depending on the ticket price. For some high-demand events with expensive tickets, the added cost of insurance can be substantial.
It's important to carefully review the terms and conditions of the insurance policy before purchasing. Understanding the specific covered reasons for cancellation and the exclusions can help individuals make an informed decision about whether the insurance is worth the additional expense. While ticket insurance can provide a sense of security, particularly for expensive tickets, it's crucial to weigh the potential benefits against the likelihood of needing to use the insurance.
Additionally, it's worth considering the overall cost-benefit analysis. The stakes are generally lower compared to other types of insurance, such as home insurance, where the financial consequences of not having coverage could be catastrophic. With ticket insurance, the potential loss is limited to the cost of the ticket, which may not justify the additional expense of insurance for some individuals. Ultimately, the decision to purchase ticket insurance should be based on a thorough evaluation of the coverage provided, the likelihood of needing to use it, and the potential financial impact of forgoing the insurance.
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Ticket insurance does not cover events cancelled or delayed by the venue or promoter
Ticket insurance is a type of protection that might reimburse your ticket purchase if you can't attend an event for certain covered, unexpected reasons. Ticketmaster offers Event Ticket Protector, an insurance service provided by Allianz Global Assistance, which costs about 10% of the ticket price. This may range from a few dollars to over a hundred dollars.
Event Ticket Protector includes 18 covered reasons for ticket cancellation, but these are qualified by 20 listed general exclusions. One notable exclusion is that the insurance does not cover events cancelled or delayed by the venue or promoter for any reason. This means that if the venue or promoter makes the decision to cancel or postpone the event, customers will not be reimbursed for their ticket purchase through this insurance policy.
This exclusion may be important to consider when deciding whether to purchase ticket insurance. While ticket insurance can provide peace of mind and protection in certain circumstances, it's important to review the policy's exclusions carefully. In the case of venue or promoter-initiated cancellations or delays, customers will not be covered by Event Ticket Protector and may need to seek refunds or compensation through other means.
It's worth noting that ticket insurance policies can vary, and it's always a good idea to carefully review the terms and conditions before purchasing. While ticket insurance may provide valuable protection in some situations, customers should be aware of the limitations and exclusions to make an informed decision about whether it is worth the additional cost. Understanding the specific coverage and exclusions can help customers manage their expectations and ensure they have the necessary protection for their event ticket purchases.
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Frequently asked questions
Ticketmaster insurance, or Event Ticket Protector, is an insurance service offered by Allianz Global Assistance that might reimburse your ticket purchase if you can't attend an event for certain covered, unexpected reasons.
Event Ticket Protector costs about 10% of the ticket price. Depending on the ticket price, this could range from a couple of bucks to more than a hundred dollars.
Ticketmaster insurance covers the ticket price, taxes, convenience fees, shipping charges, and other eligible event-related items like parking. It also includes access to the Allianz Global Assistance 24-hour hotline, which can help with medical, legal, or travel-related emergencies.
That depends on your individual circumstances. While Ticketmaster insurance might provide peace of mind, especially for expensive tickets, it's important to consider the exclusions. For example, the insurance doesn't cover ticket purchases if the event is canceled or delayed by the venue or promoter for any reason.
If you purchased Ticketmaster insurance, you should have received an email with a link to the claim site. Make sure to have solid documentation of your circumstances, such as doctor's notes, police reports, or employer letters, as these are typically required to receive coverage.
