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It's the season – canceled due to COVID-19! | Real Estate Insurance Coverage Blog



My husband and I moved from New York to Florida. Almost every summer we traveled back to New York for the wedding season and this summer was no different for us. Just as the wedding season is in full swing, so is the event interruption due to the COVID-19 pandemic. Last weekend alone, I received several calls from friends and family who interrupted their weddings and baby showers until the COVID-19 outbreak subsided. The new coronavirus has caused major events around the world to be suspended or postponed, further exacerbating economic hardship.

While suits are currently reported nationwide to maintain coverage of business interruptions due to COVID-19, many venues, vendors, and event organizers can prevent serious financial damage in the event of event cancellation under the Event Cancellation Policy. Insurance termination insurance protects against financial losses due to cancellation or postponement of events due to circumstances beyond a policyholder's control.

There are several types of event cancellation policies that can cover a wide range of hazards, such as adverse weather, non-behavior of key personnel, infectious disease, or unexpected service interruptions. Whether the event that was canceled due to COVID-1

9 is covered by your cancellation policy depends on its specific conditions at the time of the loss. Some policies provide broader coverage, with few or no applicable exceptions. Other policies, such as an "all cause" policy, that does not necessarily address incidental disorders caused by infectious disease, could potentially provide coverage for event interruptions due to an outbreak of infectious diseases such as COVID-19. Policies that provide a relevant part may also offer coverage:

[C] violation must be due directly to an … infectious disease … Infectious disease is defined as "a disease, illness, condition or interruption or disruption of bodily functions, systems or organs that is transmissible by infection or infection directly or indirectly through human contact, or contact with human fluids, wastes or similar means, such as, but not limited to Meningitis, measles or Legionnaires' disease. "

require strict compliance with insurance terms to minimize their own losses. They may reject or limit coverage for various reasons, including, failure to meet certain conditions after the loss, application of policy exemptions and if an event was interrupted due to a covered cause of loss.

Depending on the jurisdiction, cancellation of event insurance policies often require a lawsuit against the insurance company to be filed within 12 or 24 months after the event ceases, interrupts or is postponed. Be aware of attention and evidence of loss claims. Some policies require "prompt notification" of a possible cancellation, while others require notification of loss "as soon as possible" or "as soon as possible" after the loss.

Policyholders should carefully examine the terms of the policy to meet all obligations following the loss it places on them. Our insurance coverage attorneys can help with a review of your policy and claims. For more information, contact Merlin Law Group.


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