Wedding Insurance ~Is it worth it?

What is Wedding Insurance?

According to www.wedsafe.com , wedding insurance is defined as “A specialty insurance policy designed to indemnify the bride and groom. It offers protection for the wedding couple for damage to the facility caused by a guest or vendor, bodily injury to guests they are found liable for, and alcohol-related accidents they are found liable for”. Wedding insurance then breaks down into two further products known as Wedding Event Cancellation/Postponement Insurance and Wedding Liability Insurance.

Wedding Event Cancellation/Postponement Insurance protects the money you've already put into the wedding. It covers any cancellation or postponements and can even cover any deposits you have already put down. The second type of insurance, Wedding Liability Insurance, covers you against any financial liability that may occur during the wedding. Many wedding venues make it a requirement to purchase Wedding Liability Insurance.

But the big question; Is purchasing wedding insurance for your big day really worth the cost?

Absolutely!

Most weddings go pretty smoothly, but purchasing wedding insurance can give you financial coverage and emotional relief from the worry of any unpredictable catastrophe that could happen.

Take these few scenarios for instance:

- The rental company used to rent all of the tables, chairs and linens for your reception venue missed their scheduled delivery and turns out to be a no-show on the day of your wedding.

With Wedding Event Cancellation/Postponement Insurance any no-show vendors would be grounds, if desired, to cancel or postpone the wedding until a later date. 

- During the traditional bouquet toss, the bride’s bouquet hits a chandelier and it shatters.

With Wedding Liability Insurance the financial liability of the damage to the venue site is covered.

- There is flash flooding in the county surrounding your ceremony and reception venue. The access road from your home is covered with water, you are unable to leave.

With Wedding Event Cancellation/Postponement Insurance unexpected extreme weather is covered and will allow you to postpone your wedding.

With the right type of wedding insurance, all of these emergencies would be taken care of.

So what’s the Cost?

Depending on how much coverage you want Wedding Insurance ranges in cost from around $100 to $550. If you decide to purchase both Wedding Event Cancellation/Postponement and Wedding Liability Insurance, a discount may apply.

Where can I get Wedding Insurance?

Online, of course! You can visit popular web sites like www.wedsafe.com, www.protectmywedding.com or www.weddinginsurance.com just to name a few.

The average wedding costs about $26,000. That’s a big ticket item! You insure your vehicle and home, why not insure one of the most memorable days of your life? While each wedding is different, each bride and groom should take the time to weigh the possibilities of what may happen on their special day and what they would do if the worst did happen. In our opinion, the small fee in comparison to all you are putting into your big day is worth the peace of mind that wedding insurance offers.

References

Pictures: http://wedinator.com

http://lifedesignevents.com/blog/category/vendors/

Definitions: http://www.wedsafe.com/wedding-insurance-faq/wedding-liability-insu...

http://www.wedsafe.com/wedding-insurance/index.jsp

 

Disclaimer: Examples provided in article are used specifically to illustrate possible circumstances insurance could be used to cover. Insurance coverage varies with each plan. Review your personal coverage plan for coverage conditions and exclusions.