In message e.net, at
15:16:21 on Tue, 5 Jun 2012, Mark Goodge
remarked:
You've perhaps inadvertently put your finger on the issue. This sort of
insurance covers the public at the venue, not the venue itself.

So if you burn it down, the only claim it'll pay will be from attendees
who failed to flee quickly enough. Rebuilding the hotel afterwards is
SEP.

Yes. But that's why it's so cheap. If it had to pay for things that are
normally covered by the venue's insurance, it would be considerably more
(and perhaps prohibitively) expensive.

It's a bit more complicated than that, but at least we can agree that
these "£100 for £10m coverage" policies are covering much less than some
people think they are.
--
Roland Perry