The Ultimate Guide to Wedding Insurance
The trend to insure weddings is growing as engaged couples become more educated about how they can protect themselves from financial loss. From a sudden cancellation to a damaged gown, wedding insurance can help protect you against the unexpected. Even better - the small fee for the insurance in comparison to all that you are putting into your wedding is worth the peace of mind that it offers. If you're unsure about what wedding insurance is, what it covers or if you should get it, I'm here to guide you.
What Does Wedding Insurance Cover?
- Sudden severe weather prevents your event or causes many of your guests to cancel.
- Your venue has gone out of business, but not before they cashed your deposit check.
- One of your wedding vendors such as the photographer, officiant or caterer fails to show up to your wedding but keeps your deposit.
- Your ring bearer loses the ring while "practicing" his entrance.
- Someone accidentally spills a glass of wine down the side of your antique wedding dress.
- The rental company used to rent all of the tables, chairs and linens missed their scheduled delivery and turns out to be a no-show on the day of your wedding.
- Your reception hall can't honor your reservation because it has burned in a fire, experienced an electrical outage or closed down.
What Does it NOT Cover?
- A change of heart. In other words, if a bride or groom backs out of the wedding.
- A relatively minor weather problem, like rain, that happens on the day of the event.
- Covid-related cancellation or postponement.
Does Wedding Insurance Cover Just Your Wedding Day?
Wedding liability coverage can be extended to both the ceremony and reception venue, as well as a rehearsal dinner within 48 hours of your wedding. It may also extend to setup and break down the day before and after your big day.
When Is the Best Time to Buy Wedding Insurance?
The ideal time is at the beginning of your wedding planning process. Purchase your policy or policies before you make any significant deposits. It's also important to note that cancellation insurance can still be purchased no later than 14 days before the event, and liability insurance can be purchased up to 24 hours before the event.
How Much Does Wedding Insurance Cost?
On average, wedding insurance costs less than half the cost of the wedding cake! Policies can start as low as $125, but average around $200. If you decide to purchase both Wedding Event Cancellation/Postponement and Wedding Liability Insurance, a discount may apply.
Is Wedding Insurance Really Worth It?
Yes! Most weddings run smoothly, but purchasing wedding insurance can give you financial coverage and peace of mind about unpredictable failures that could happen. Before you buy wedding insurance, check with each of your vendors to see how well they're covered. Ask your vendors for a copy of their policy, and then figure out where you aren't fully covered.
How To Choose a Wedding Insurance Company?
Look for insurance providers who:
- ·Have been in business for many years.
- ·Have a trustworthy, reputable, and established presence.
- ·Provide the product you need at reasonable rates.
Where Can I Buy Wedding Insurance?
WedSafe.com is an insurance provider that I recommend. Their policies fall within two different categories:
- Wedding Event Cancellation and Postponement – protects your financial investment in your wedding; covers cancellation / postponement, lost deposits, and more. If circumstances beyond your control force the cancellation of the wedding this coverage could reimburse you up to the total cost of your wedding. The reasons could be virtually anything from severe weather to the venue closing to an injury or illness of a person integral to your wedding. Coverage also can extend to no-show vendors, such as a photographer, florist, DJ or another wedding vendor under contract who does not deliver their services.
- Liability Insurance - protects you against financial liability arising from your wedding; required by many venues. This could protect you if a guest was injured, the venue was damaged, or there is an alcohol-related incident.
Christine Dyer, Founder of www.BridalTweet.com