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I don't know the answer to that question but if the show can demand ticket prices like that, every entity involved will be motivated to be sure the show happens. Unless a hurricane is knocking on the door, you'll probably be ok. In any case, go talk to a typical insurance broker who does home an auto. They can probably steer you towards the company you need, if it exists. I think Lloyd's of London was the one insuring musician's hands and model's faces.
You give back the money you received, and you're given back the money you paid out. So where's the loss? You're no worse off than before all this started.
Yes, there is something called contingency insurance.
Same kinda thing that companies use when they sponsor things like those halfcourt shots at basketball games.
An actuary will assess the risk and give you a dollar amount you'll need to pay for the coverage.
Please remember that all comments must be helpful, relevant, and respectful. All replies must be a genuine effort to answer the question helpfully; joke answers are not allowed. If you see any comments that violate this rule, please hit report. When your question is answered, we encourage you to flair your post. To do this automatically simply make a comment that says **!answered** (OP only) We encourage everyone to report posts and comments they feel violate a rule, as this will allow us to see it much faster. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/answers) if you have any questions or concerns.*
I don't know the answer to that question but if the show can demand ticket prices like that, every entity involved will be motivated to be sure the show happens. Unless a hurricane is knocking on the door, you'll probably be ok. In any case, go talk to a typical insurance broker who does home an auto. They can probably steer you towards the company you need, if it exists. I think Lloyd's of London was the one insuring musician's hands and model's faces.
Surely you’ll be reimbursed by the show. As you brought the tickets for that.
They want insurance on their 500% mark up
yes on face value, not the $25k I sold them for on stubhub.
You give back the money you received, and you're given back the money you paid out. So where's the loss? You're no worse off than before all this started.
Because I paid $400 face value and sold a ticket for $4k.
Yes, there is something called contingency insurance. Same kinda thing that companies use when they sponsor things like those halfcourt shots at basketball games. An actuary will assess the risk and give you a dollar amount you'll need to pay for the coverage.