In a perfect world, all the time and care you put into planning a luxurious launch party, a spectacular Sweet 16, a wonderful wedding, a delightfully quirky quinceañera, would be paid back in spades, with a celebration that goes off without a hitch, from delicious food to sunny weather.
Unfortunately, as we all know too well, the world is fiercely imperfect.
There’s a certain amount of risk involved with planning an event, particularly when they’re of the higher-cost variety. You’re depending on vendors, on guests of honor, sometimes on nature itself. And to put everything in place, you generally have to commit to expenditures that leave you little wiggle room.
Sure, your big 50th anniversary party venue might grant a refund if a tree takes out the banquet space, but what about the caterers who’ve arranged their schedule around your shindig? What about the photographer, the bartenders? Anything with multiple moving pieces — all of which require deposits and contracts — can get complicated.
This is where special event insurance comes into play.
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