This Insurance covers the total abandonment of music concerts due to specified perils like Fire, lightning, explosion, earthquake, rain, flood, storm, riot, strike, malicious damage and terrorist act. The Policy covers the actual financial loss to the organizers i.e., the insured. It is a condition under the Policy that the music should not have been played even for a fraction of a minute. That is to say, the total abandonment of music concert is covered. Change in venue or postponement of the music concert does not constitute a claim. It is prescribed that the tickets issued shall contain a stipulation that once a ticket is sold no refund will be allowed.