Let’s face it no one wants to think about all the bad things that can happen on your wedding day. Just because you don’t want to think about it doesn’t mean that a disaster can’t strike! Whether it be a sudden cancellation, lost deposits, stolen gifts or severe weather, wedding insurance can give you the peace of mind you need on your special day.
Wedding insurance will protect a couple’s investment from circumstances beyond their control and reimburse expenses incurred as a result. Examples include:
- What if the caterer closes their business the day before the wedding and you have to book a new one at twice the cost?
- What if the bride’s dress is lost in airport baggage the day before the wedding?
- What if your venue is flooded and you have to relocate your wedding to a more expensive one at the last minute?
These are all types of wedding day financial losses that wedding insurance will help protect.
A basic wedding insurance policy costs anywhere from $150-$550, depending on the amount of coverage you want. General Liability insurance, which covers up to $1,000,000 and protects you in case a guest is injured or causes damage to property is also available.
Check with each of your vendors prior to purchasing wedding insurance to see how well they’re covered, your reception venue or caterer should have their own insurance, so you wouldn’t want to pay for unnecessary overlapping coverage. Ask to see a copy of their insurance policy, and then decide what you will need to purchase for yourself. Check with us to see how far in advance you can purchase insurance as it may vary among carriers. But keep in mind the sooner the better, to insure your big day.
Wedding insurance can cover a variety of situations, such as:
- Special Attire: Repair or Replacement Cost if wedding gown or grooms tuxedo is damaged.
- Lost Deposits: If your vendor goes out of business or declares bankruptcy before your wedding or just simply fails to show up.
- Lost Rings: Repair or Replacement cost if the wedding bands are lost or damaged.
- Severe Weather: If severe weather forces you to postpone your wedding, the company can provide reimbursement for non-recoverable expenses.
- Ruined Photos: If your photographer’s film or data storage is defective or gets lost or damaged, insurance could help cover the cost to retake photos.
- Call to duty: If the honoree is unexpectedly called to active duty, or has their leave revokes, forcing a postponement, insurance will provide reimbursement for non-recoverable expenses.
- Damaged Gifts: You can get repair or replacement cost if your gifts are damaged.
- Personal Liability: Personal liability covers bodily injury or property damage caused by an accident that occurs during the course of the wedding.
- Liquor liability: As an individual liability option to your policy, you can add this when you purchase liability coverage. (Check the limitations and exclusions on this one.)
Every insurance policy and every wedding scenario is different. Call us and we can go over the nuts and bolts of different wedding insurance policy options with you to make sure your dream day is protected.