News | 3 min read
From the Super Bowl, to NASCAR, to The Masters, Fans Can Get Peace of Mind for High-Priced Tickets
March 12, 2010
News | 3 min read
March 12, 2010
RICHMOND, Va., Feb. 3 /PRNewswire/ — Sports fans are willing to ante up big bucks for their favorite events – such as $1,050 for a four day pass to the 2010 Daytona 500 (as listed on DaytonaInternationalSpeedway.com) or more than $4,000 for a VIP package to catch all the action in Augusta (as listed on Ticketmaster.com). Want to attend this year’s Super Bowl with seats near the 50 yard line? No problem, if you’re willing to fork over a cool $10,000. Even modest seats in the upper deck of Sun Life Stadium will cost fans well over $1000 (available through Ticketmaster.com).
But what if something unexpected happens on your way to the big game and you can’t use your tickets? Missing all the action doesn’t have to be a total loss … provided your purchase included ticket insurance.
Mondial Assistance, a global leader in travel and specialty insurance, partners with ticketing providers such as Ticketmaster, Tickets.com, LiveNation, ISC, TicketNetwork and Ticketsnow.com to provide ticket insurance, under the product name Event Ticket Protector, that will reimburse you for tickets if you can’t go due to covered reasons. For example, if you, a family member or traveling companion gets sick or injured, or something unexpected like a traffic accident keeps you at home, Event Ticket Protector will reimburse you for the full price of the tickets – including fees – if you have to miss the event.
“We’ve insured more than $500 million in tickets for some of the biggest entertainment events in the world,” said Daniel Durazo, spokesperson for Mondial Assistance. “Ticket insurance is increasingly popular with fans, especially for events that are expensive or are purchased months in advance – two situations that create a higher risk for fans.”
Event Ticket Protector is not just for pro sporting events, however. It’s available for any ticket purchase made through Mondial Assistance’s partners. It can be added to tickets for a Broadway show, for instance, or a college sporting event, such as the NCAA Final Four. The cost varies and is based on a percentage of the ticket price.
“We’ve found that ticket insurance is particularly popular with fans heading to New York for a show or to a college sporting event,” added Durazo. “It makes sense, since those also are some purchases that tend to be higher in value and are laid out months in advance. It’s just exactly what the insurance is designed for.”
About Mondial Assistance
Mondial Assistance is a global leader in specialty insurance and emergency assistance services. Four percent of the world’s population, or about 250 million people, are served by Mondial Assistance businesses around the globe. In the United States, Mondial Assistance is a brand name of World Access Service Corp., which is best known for its Access America® brand of travel insurance and assistance services. As one of 29 business units, the U.S. operation serves major travel suppliers, health insurers, credit card, and entertainment companies with insurance products, international travel assistance, and concierge services. Mondial Assistance is part of the Allianz group of companies. For more information please visit: www.mondialUSA.com.
SOURCE Mondial Assistance