Wedding insurance policies protect you from the unexpected. There may be events over which you simply have no control, and wedding insurance pays for these situations.
What Does Wedding Insurance Cover?
Will wedding insurance cover actual wedding cancellations? Most policies will cover wedding cancellations for a number of clearly specified reasons that are deemed beyond your control. These might include: family tragedies such as death or illness, adverse weather conditions (which of course would not mean cloudy skies or drizzle), unemployment, and military responsibilities. Generally speaking, wedding policies will not reimburse couples for cancellations due to cold feet (or change of heart).
Policies will pay for replacement items or provide you with monetary compensation when items cannot be replaced. For example, failure of services, such as caterers, transportation, musicians, or photographers would be protected. If your providers / suppliers do not show up, or if they experience a financial failure and can no longer provide you with the agreed-upon service, you would be reimbursed in full for any deposit(s) made.
Wedding insurance plans will protect you from loss in the event that an important component of your wedding is lost, damaged, or no longer available. Common coverage includes lost rings, lost, stolen, or damaged gifts, double bookings, and damage or loss of special attire.
Wedding liability insurance protects you from specific legal action relating to property damage or accidents that occur at your wedding. Many reception locations will require you to have liability insurance in order to book with them. This type of insurance may be purchased a year in advance or a day in advance. Just be careful not to delay too long, because many venues will need a certificate of proof in order to host your wedding.
Most liability insurance will cover personal injury, property damage and alcohol-related accidents (on foot and in cars), in addition to the dreaded wedding brawl. The thought of any kind of accident or injury is unpleasant to consider, but accidents may occur and knowing that you are protected is essential.
Work with the Company That's Right for You
Insurance companies offer varying levels of wedding insurance. It is important to look into specific policies and prices to ensure that you are getting exactly what you need at a reasonable price. Read the fine print and don't hesitate to ask questions. And of course, make sure that everything is spelled out in writing within your contract.
Insurance simply provides an extra cushion of stability in the unlikely event that an unwelcome surprise comes your way. Although researching wedding insurance may force you to face some unpleasant possibilities, the reality is that careful planning will strongly increase the odds that you will be prepared for anything that comes your way.