{"id":254722,"date":"2020-04-17T02:58:36","date_gmt":"2020-04-17T07:58:36","guid":{"rendered":"http:\/\/www.etrafficlane.com\/60dollarmiracle\/pandemic-insurance-wont-save-music-festivals"},"modified":"2020-04-17T02:58:52","modified_gmt":"2020-04-17T07:58:52","slug":"pandemic-insurance-wont-save-music-festivals","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/pandemic-insurance-wont-save-music-festivals","title":{"rendered":"Pandemic Insurance Won't Save Music Festivals"},"content":{"rendered":"

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Pandemic insurance will likely be a top priority for music festivals, concerts and all other major events once the coronavirus subsides \u2026 but it\u2019s going to be a while before coverage is even possible.<\/p>\n<\/section>\n

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This type of insurance is out of the question for festivals like Coachella, Stagecoach and EDC Las Vegas \u2026 at least in the foreseeable future, according to numerous people we spoke with in the insurance biz. The folks with whom we checked said they want to see some data on the likely resurgence and mutations of the virus. They have no data on COVID-19 and no way to price the insurance policy.<\/p>\n<\/section>\n

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As you know \u2026 these fests were all scheduled for the spring, but have been postponed to October<\/strong><\/a>, and that\u2019s just the dream. As you know, the mayors of L.A. and NYC have already said large crowds are going to probably be a thing of the past, at least for the balance of the year.<\/p>\n<\/section>\n

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We surveyed the people throwing these events and they all say currently they aren\u2019t covered for pandemics, but it\u2019s definitely on their priority lists now. Problem is \u2026 if this year\u2019s events tank, the organizers may have to eat the losses.<\/p>\n<\/section>\n

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Steve Howell<\/strong>, a media & music insurance broker in the UK, breaks it down this way \u2014 you can\u2019t buy home insurance when your house is on fire. In other words, good luck getting pandemic insurance now.<\/p>\n<\/section>\n

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Kevin Lyman<\/strong>, who organized the Warped Tour, agrees \u2026 there\u2019s no way to get COVID-19 coverage currently \u2026 period.<\/p>\n<\/section>\n

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If these concerts are sidelined for what could be a year, everyone agrees \u2026 the financial blow will be devastating.<\/p>\n<\/section>\n

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