subject: Do You Need Wedding Insurance? [print this page] Do You Need Wedding Insurance?
Weddings are a big event, such a big event that many couples choose to take out wedding insurance to have some protection and peace of mind for this big day. Even small weddings can end up costing a fair amount and large weddings can cost several thousand. With this kind of investment it's easier to see why this insurance is becoming more popular.
What Is Wedding Insurance?
This type of insurance is designed to provide financial protection in case something goes wrong either during or before the ceremony and reception. There are a variety of problems that can occur before the big day and having to deal with a number of these problems proves stressful enough for most people without the thought of lost deposits or payments.
What Does It Cover?
Most of these policies are meant to help with certain issues that can cause extra out-of-pocket costs for the couple. It covers things like:
Cancellation. If a wedding needs to be canceled due to weather, accident or illness of member of the party some policies will help cover rescheduling.
Loss, theft or damage. Many policies will cover for loss, theft or damage of important components. This can include things like the rings, suites, dresses, flowers or presents.
Public liability. Most plans will protect the couple in the event of property damage resulting from the event or if someone attending the event has an accident.
Problems with pictures and video. If there is a problem with the wedding pictures or video some policies will pay to have them taken again with the same members of the wedding party.
Issues with suppliers. If one of the suppliers or vendors does not deliver or goes out of business some policies help recover payments and deposits. In some cases it can also help pay the costs of making other arrangements.
When Should You Get It?
Most companies recommend the wedding insurance policy should be chosen once the plans and organizing begin, when dates are booked and deposits are paid. Keep in mind insurers have limits about getting coverage too early or too close to the date of the big day.
Before making a final decision on a wedding insurance policy be sure to shop around to compare coverage and prices. Make sure you get the features you want from the coverage and at a price you can afford.
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