Do you buy regularly ticket insurance For a concert or big event? Amid the COVID-19 pandemic, many event goers have become accustomed to purchasing ticket insurance as a financial buffer. Attendees with ticket insurance are eligible for a refund if an artist or venue cancels a show.
Is Ticket Insurance Worth It? The general consensus is yes, even if it means paying a little extra to cover the price. Learn more about how ticket insurance works and what you need to know before purchasing this type of insurance.
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What is ticket insurance?
If you haven’t purchased airline ticket insurance before, you may be wondering how it works and why you should consider buying one.
A concert or event ticket is an investment. Whether you’re meeting your favorite artists or attending a carefully budgeted event, you’ll have time to attend and enjoy the show. However, there are often factors at work that are beyond your control. Illness or unforeseen personal emergencies may prevent me from attending. In addition, the event may be canceled due to unavoidable circumstances at the venue or the performers, such as sudden changes in the weather or poor physical condition of the performers.
You can protect your investment by choosing to purchase airline ticket insurance. If you do not have insurance, it may be difficult to get reimbursed for your event expenses.
Many entertainment companies like Ticketmaster also make it easy to purchase ticket insurance. When purchasing tickets directly from the Ticketmaster website, Allianz Event Ticket Insurance can be included in the total price prior to checkout. Ticket holders who have purchased insurance and are unable to attend due to eligible circumstances will be refunded the purchase price. This gives ticket holders additional peace of mind knowing that there is an extra layer of financial protection on their ticket and bank account.
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What should I know before purchasing ticket insurance?
Throughout the year, there are many shows, concerts, and live events that we want to see and pay to attend. Some people spend hundreds or even thousands of dollars to buy tickets for
It is important to do your homework before purchasing a ticket or ticket insurance to avoid accidentally getting scammed out of your money. Before purchasing airline ticket insurance, the Better Business Bureau (BBB) recommends reviewing the following considerations.
What are the conditions to be eligible for a ticket refund? When am I not eligible? BBB encourages you to read the fine print to understand your specific ticket insurance policy and what it does and does not cover.
Look up your insurance company
Even if you believe the insurance company is trustworthy, it’s okay to check the insurance company’s website and read customer reviews.
In a pinch, you can always look up insurance companies through BBB and see what their business valuations are like. If they are not listed on his BBB, or if you find all the reviews you read to be negative, you can decide to use another ticket insurance provider.
beware of scams
This applies to ticket purchases and ticket insurance. BBB recommends avoiding phishing emails that promise very cheap ticket insurance, visit or redirect to fake websites to make these purchases.
Contact ticket seller
According to the BBB, those concerned about a particular event being postponed or canceled can contact the ticket seller directly to find out how they will handle these situations. , or if the purchase of ticket insurance is recommended, refunds may be obtained through the main ticket seller.
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This article originally appeared on GOBankingRates.com: Should I invest in ticket insurance for a concert or other big event?