WAUKESHA, Wis., Feb. 16, 2011 /PRNewswire/ -- Markel American Insurance Company announced today the introduction of special event insurance and wedding insurance to protect both liabilities and cancellations associated with these events.
Markel will offer two separate components to properly protect the event with on-line quote and policy issuance. These components are:
Cancellation Coverage: Provides reimbursement for lost deposits and other charges paid or contracted to be paid for various services associated with the event as well as items such as special attire, event photographs and special jewelry. Coverage can be purchased up to 15 days prior to the event.
Liability Coverage: Primary coverage with no charge to add the venue as additional insured for damages for which the insured or honoree becomes legally liable for due to an accident that causes bodily injury, property damage or personal injury. Coverage can be purchased up to one day before the event date.
"We are thrilled to offer these coverages that people don't tend to think of when planning their event," said Timberlee Tamraz Grove, President of Markel American Insurance Company. "It's easy for someone to get caught up in the little details of planning a wedding or event and forget to protect their investment. It's so important to protect yourself when planning these events and we're excited to offer coverage options for every type of personal and nonprofit event."
Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value.
For more information on the Markel Group of companies, please visit www.markelcorp.com.
SOURCE Markel American Insurance Company