If you ask yourself, why do I need wedding insurance, then try to imagine if the weather prediction indicates that there will be huge snowfall throughout the weekend?
Neighbors save food in advance and prepare for power disruptions. The Governor declares an emergency, and airlines expect huge cancelations on flights. Can the family pull it off? What if your place of wedding fails, can you retain the money? Can the wedding photographer lose the card? How about stolen wedding presents, destroyed bridal clothes, or damaged clothes?
Anything may go wrong with so many moving pieces in a marriage. Some issues can be addressed, but when it comes to sellers’ deposits, unforeseen diseases, or severe weather, there is no assurance.
If anything goes wrong, what alternatives do you have to safeguard your “big-day” financial investment? First, consider buying marriage insurance in case of unforeseen occurrences. In this article, let’s delve into the topic further!
2 Types Of Losses Covered By Wedding Insurance
Wedding insurance is intended to safeguard the financial investment of a wedding party in the case of unexpected events. Two types of losses are provided for wedding insurance:
Wedding liability insurance covering property and personal injury, including house insurance, occurring during a wedding ceremony, reception, and, in rare instances, rehearsal. In addition, many lobbies and other wedding locations now require couples to be insured for liability before utilizing the space.
#2. Postponement or cancellation
This type of insurance typically covers any modification, delay, or annulment of wedding dates at the last minute. Thus, the insurance will protect you against cancelation or delay fees. Furthermore, the site of the wedding fees and other rental expenses may be paid if you have this kind of coverage, including vendor deposits, lodging, and other non-refundable charges. First, let’s find out what’s the average cost of a wedding.
Why Do You Need Wedding Insurance
So, why do I need wedding insurance? Of course, various marriage insurance plans cover a range of things, but the main situations covered by a marriage or liability insurance or policy depend on the coverage selected:
- Severe weather – a big storm or snowstorm may force important people to miss your marriage.
- Injury/disease – an intimate family member (including the bride or the bridesmaid) cannot be cared for because of an unforeseen severe illness.
- Contributions – Someone gathers non-cash contributions and damages them.
- Wedding gown – the costly designer wedding gown and shoes and materials were sent to another nation and won’t be ready for the wedding in good time.
- Military service – the bride gets summoned sooner than expected to military duty. In such a case, you must reschedule the wedding.
- Photographs – the photographer took pictures throughout the wedding and the party, but he misplaced or destroyed a memory card.
What Questions To Ask When Getting A Wedding Insurance Policy?
All wedding policies are unique, just as there are no two weddings. Be aware of the important factors when you are about to select a wedding insurance coverage. Ensure to ask the insurance agent the following questions:
#1. What insurance to get?
Where the bridal wife has any particular concerns, such as safeguarding the deposit at the venue or paying jail fees before the big day (known as the ‘cold feet’ or the ‘heart change’ clause), make sure that the wedding is covered.
#2. When should the insurance be obtained?
You may buy some insurance until the day of the wedding, but many need fifteen days at least. Find out if buying insurance has any benefits for one or two years after the wedding.
#3. Where do the boundaries of each coverage category lie?
They may offer different coverage levels with deposit limitations, special clothing, gifts, and photographs covered by each category—the costlier the wedding, the more restrictions. For more related articles, you can read what is premises liability insurance coverage.
#4. Does wedding insurance include a deductible amount?
The coverage may also include a deductible when making a claim, like with auto and house insurance. There are thus no surprises; discover out what it is. Make sure to understand this.
#5. Can this coverage be included in homeowner insurance?
Sometimes homeowner insurance includes a variety of special events, including weddings. However, an exclusion such as a family house wedding may be excluded within the policy. In the case of a wedding claim, it may be easier to get wedding liability insurance that does not impact future policies on ownership. It may be helpful to read whose name goes on homeowners insurance.
How Much Is Wedding Insurance?
Wedding insurance policies vary from 100 up to 500 dollars depending on the coverage. This kind of insurance would include photos, wedding robes, food and venue expenses, and anything else that might have a major effect on your big day if everything was well. Anyway, it’s best that you read why women need insurance.
It’s A Wrap!
Surveys show that the average cost of an American marriage is about $28,000. Wedding insurance becomes more common since couples spend so much money on a moveable event. Many things can go wrong if you have been planning for the big day within months.
When I was married, this notion did not enter my head, I did not understand why do I need wedding insurance, and I thought it wasn’t anything essential. So whilst I find it funny to insure a one-day event, I acknowledge that there are legitimate reasons why this is important.