Event insurance can refer to two different types of insurance. The first is after-the-event insurance, or ATE insurance. ATE insurance is a form of insurance to cover legal action against you after an incident of some kind. Often, ATE insurance premiums only need to be paid in the event of a favourable outcome and premiums are also often self-insured. The other type of event insurance refers to insuring events against losses that may occur before, during or after an event or function. Most often, event insurance will be taken out for weddings and similar large, expensive events. Event insurance can cover your events against photos not developing properly, damages to outfits required for ceremonies, personal liability and even event cancellation. Event insurance is obviously a "once-off" insurance policy and, as such, does not have a monthly premium. A single premium is calculated against the "value" of the event. Event insurance also often does have an excess in the event of a claim.