When couples are planning there big day, there are many considerations to plan for. From the seating chart, to the wedding dress, wedding cake, event location and even the fonts on the invitation, there are many things to plan to make a successful wedding that the bride and groom (and their families) are happy with. The more complex that weddings become, quite often the more expensive they can become.
Some large weddings can now cost more than $25’000 and make for a substantial expenditure which has to be paid for by the married couple or traditionally, the brides father. When most couples think about wedding insurance they tend to think that insurance is only for a cancelled wedding, and that’s the last thing they want. So they tend to avoid giving it much thought and just skip insurance altogether, not thinking about all of the possible reasons that a wedding might be canceled – weather, accidents or any uncontrollable events.
Wedding insurance does not typically cover cold feet, so if one party does not decide to go through with the wedding, the expenses are still payable. It will cover accidents of most kinds, it will cover issues with the location of the wedding and contractors.
Wedding Insurance Cost
The price for wedding insurance really depends on the extent of the coverage and the total amount for the coverage. Even the most basic wedding insurance policies will cover loss of damage to attire (your expensive wedding dress gets damaged), wedding presents, wedding photos and wedding rings and can cost anywhere from $150 through to $500+ depending on the dollar figures insured.
General liability insurance can cover accidents at the event in which third parties are injured and you can obtain $1 million worth of general liability insurance for about $150-200.
Make sure you thoroughly read the policy details to determine precisely what you are covered for and ask the insurance provider about anything you don’t fully understand.
It is also advisable to get your wedding insurance well in advance of the date of the event. What happens if your bride to be spends $5000 on an expensive wedding dress and 3 days before the wedding, the shop burns down. Without insurance you would be out of pocket or waiting many months to be reimbursed by the shop. With wedding insurance you could make a claim immediately and purchase a new dress before the big day.
Wedding Insurance Coverage Details
Again, you should check the specifics of your policy to make sure you know what is covered, but here are some of the things you may not think of, that are covered by many wedding insurance policies.
The Wedding Rings
Even though it’s a cliche, it is entirely possible that the best man may lose the wedding rings! They could also be stolen or lost on the way to the wedding, so having wedding insurance which covers the cost of the rings is nice to have.
If your wedding day transport falls through for whatever reason, the wedding insurance should reimburse you for those costs. If the limousine breaks down on the way to the event, the cost of hiring another one will be reimbursed by the wedding insurance.
The Wedding Dress
The wedding dress may be accidentally damaged and when you are talking about dresses that potentially cost thousands of dollars, it pays to have them insured. In addition you might have hired wedding attire for the big day. What happens if you damage it, are you liable? You should check both the terms and conditions of the rental company as well as the insurance policy to determine if you
The Wedding Flowers
Many weddings also spend thousands of dollars on flowers alone with the right flower arrangements necessary to set the scene for the event. What happens if the florist cannot deliver the flowers, or they are damaged somehow? Wedding insurance means that you will be reimbursed if you need to spend money on replacements.
Wedding Reception Location
Wedding insurance also covers issues with the actual location of the wedding reception. If the building in which the reception was due to take place burns down or floods, you don’t want to be stuck with a large bill which comes up when you find a new location. What if the reception location makes a mistake and books 2 weddings for the same day? The coverage will make sure you don’t suffer any financial loss from mixups with the event location.
So there are some of the reasons why wedding insurance might in fact be a great idea for your big day. It will help ensure things go well and that any unforeseen events don’t leave you with substantial bills after the wedding day!