What is wedding insurance?

Every bride and groom hopes their wedding will be a success. That includes the flowers and dresses being delivered on time and the reception site being ready to accommodate a night of fun. However, all too often weddings are plagued by unforseen events. Wedding insurance can help couples recuperate some or all of the money lost if replacement arrangements need to be made.

Imagine a catering facility having to cancel use of the room because of a flood or fire? What if a custom-made wedding gown is lost or damaged? Sometimes, wedding vendors, such as limousine services, fail to show up on the wedding day. Should any of these disasters occur, a couple will not only have to scramble to book or buy replacements, but they will probably have to pay big time for short-term notice. A wedding insurance policy can reduce out-of-pocket costs for emergency situations.
Not every couple needs to purchase wedding insurance. Some facilities or vendors offer their own built-in protection. Couples should ask to see individual insurance policies, and contract terms, to confirm what will be covered in the event of an emergency. However, wedding insurance policies are relatively inexpensive ($150 to $500) when compared to the costs of some wedding elements.

Wedding insurance will cover most aspects of the wedding. Considering the average wedding costs roughly $20,000, wedding insurance can offer peace of mind. After all, a person who purchases a $20,000 vehicle wouldn’t leave it uninsured.

There are a number of things that the insurance will cover, but each policy is different. Review the fine print before purchasing a policy. Here is what may be included: Missing officiant, illness, rescheduling, weather, or no-show vendors. Other items that can be included in a policy include damaged or missing gowns, tuxedos, and gifts; call to military service; honeymoon protection; and liability insurance for weddings at home. Individuals cannot use wedding insurance to cover a cancellation of the wedding if the couple decides not to get married or something that was known about before the policy was purchased, such as a reception site facing foreclosure.

Courtesy of Metro Creative Service