TICKET INSURANCE | WHAT IS TICKET INSURANCE AND DO YOU EVEN NEED IT? | TICKETMASTER TICKET INSURANCE
Channel: thumbsuprun
Date: 2021-06-16

What exactly is ticket insurance? What does it even cover? Is it even worth purchasing? And how do you even buy it if you wanted it?

00:00 Life Updates
1:08 - Event Insurance Introduction 
5:13 How Much Does It Cost
7:28 Is Ticket Event Insurance Worth It?

Ticket insurance works the same way any other types of insurance work - it will help protect your purchase in case you are unable to attend the event. Whether you or a family member gets sick, you get stuck in traffic, or there's some natural disaster, you're covered! Ticket event insurance will reimburse you the cost of the tickets, along with any service charges, fees and add-ons to make sure you aren't out the event and the ticket cost as well.

However, it's not exactly a get out of jail free card for missing your event, no no no. You must meet one of the limited 'covered' reasons for missing your event. If it isn't on the exception list...you get nothing. This also includes getting sick/missing the event due to COVID. Many insurance providers do not cover reasons for missing an event due to this known issue.

How much does it cost you may ask? Well on Ticketmaster, they'll charge you $8/ticket if you purchase the insurance when buying the tickets for the event at the same time, but will charge you $20/ticket if you purchase insurance after the fact. But remember that you cannot purchase ticket insurance less than 30 days before the event takes place.

If you want to purchase ticket insurance from a secondary market, then you can do that as well, but it will generally cost you even more. Stubhub will charge a minimum of $7 or 5.75% of the ticket cost. On expensive tickets...that really adds up.

So is it even worth purchasing? Hard to say. I personally have never purchased ticket insurance before because I don't see the value. As someone who knows that you can always sell your tickets, it especially doesn't make any sense for me to buy insurance on my tickets. However, if you were travelling to an event out of state or country, I can see more value at that point just in case something goes wrong. But when the event is happening down the street...I just don't see it.

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