NRG Park, The Venue Of Travis Scott's Astroworld Festival Where 8 People Were Killed, Only Has $26 Million Liability Insurance Policy
Nov. 9 2021, Published 5:56 p.m. ET
NRG Park, the Houston venue where Travis Scott’s Astroworld Festival took place that left 8 people killed in a deadly stampede, reportedly has a liability insurance policy that only covers $26 million in damages.
According to the Certificate of Liability Insurance for the venue obtained by TMZ, NRG Park’s policy provided $1 million in primary coverage with a $25 million umbrella.
With 8 people confirmed dead, and more than 300 people injured, it is expected that damages owed to those individuals and their families will end up totaling somewhere in the hundreds of millions of dollars.
The outlet also reported that if the venue’s insurance policy doesn’t cover the inevitable court judgements that will be made, NRG Park will be the ones responsible to pay anything beyond the $26 million that their insurance covers – which would be a financial blow to the venue.
Besides NRG Park, both Live Nation and Travis are also bound to have insurance coverage – although, at this time, it is not known exactly what the coverage is and how much in damages it would potentially cover. With that being said, if the money awarded to the individuals hurt and the families of the victims who died on Friday ends up being above what NRG, Live Nation, and Scott’s respective insurance policies cover, they will also be responsible to pay out the remainder of the court judgment.
This comes one day after Breaking Celebrity News reported how the lawsuits against Travis have started piling up due to his alleged negligence at his festival. Each of the individuals filing lawsuits against Travis claim they suffered injuries directly due to him.
