Below is a comparison between Markel vs. Wedsure event insurance and focuses on liability insurance only, not cancellation insurance.
Markel Event Insurance
Pros:
- Damage to property limits match the general liability limits automatically
- i.e. $1M GL comes with $1M in property damage coverage
- Ideal for small gatherings and meetings
Cons:
- More expensive than other insurers, even without host liquor liability
- No sample policy to view and very vague on what coverages are included
- $1,000 deductible for property damage coverage
- Unclear what endorsements are included
Summary:
The “Policies as lows as $75,” is a little deceiving because it’s for a $500,000 limit policy with no host liquor liability coverage. Most venues now require at least a $1M limit and most events, especially weddings, serve alcohol. Markel seems to be quite expensive compared to others, especially compared to insurers like GatherGuard that includes $1M of liability and host liquor coverage for $75.
Wedsure Event Insurance
Pros:
- General liability coverage of up to $2M/$5M (occurrence/aggregate) available online
- Lots of coverage options, including jewelry and cancellation/postponement
Cons:
- Slightly more expensive than other insurers for both with and without the Waiver of Subrogation endorsement
- Name #1 by Forbes Advisor, which was recently discovered to be a scheme to collect affiliate commissions
Summary:
When it comes to Markel vs. Wedsure, Wedsure wins for overall pricing and purchase experience. Wedsure is a brand of RVNA insurance brokerage and not an insurer itself. Pricing seems to be slightly above average compared to some other insurers.
Top Alternatives to Markel vs. Wedsure Event Insurance:
Be sure to check your venue’s insurance requirements before securing a policy!
GatherGuard
Damage to rented premise limit: $250,000
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Free quote feature available
SpecialInsurance.com
Damage to rented premise limit: $300,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required
How to Purchase Online
Both Markel and Wedsure allow for online policy purchases. However, before you secure a policy, be sure to check your venue’s insurance requirements to avoid additional hassles after purchase.