Event Insurance

Usually only applies to coverage for specific one-off events, such as a wedding, but can also be applied to legal cover. One of the types of event insurance, after-the-event cover, refers to coverage of legal costs after an incident which causes some kind of loss. In such a case, premiums are not paid until the favourable outcome of legal proceedings. (That is, the event is only covered if the result of the lawsuit is favourable, and damages are not awarded). 

Other types of event insurance cover expensive once-off events. In the case of a wedding, for example, cover can be taken out on photos, on dresses and venues and other large expenses that are at risk of obvious perils. As it is a once-off event that is being covered, there are no monthly premiums. Rather, a single premium is calculated and paid and no excess is required.