While every couple hopes their wedding day will be perfect, unfortunately there are cases each year where disasters happen. A lot of these disasters can be avoided with wedding insurance. This type of coverage protects couples financially and covers their wedding arrangements against various mishaps. Wedding insurance is affordable enough to fit into almost any couple's budget. With policy price tags starting around $125, couples planning expensive weddings cannot afford to go without coverage. This small investment will bring big piece of mind.
The decision to buy wedding insurance is a personal choice each couple must make for themselves. In the United States, the average cost of a wedding is more than $25,000. Some couples get by on less, but there are many couples who spend much more than this amount on the reception alone. The key to deciding whether insurance is necessary is to weigh the total wedding bill against the cost of coverage. For a couple who plans to have a quick courthouse wedding wearing their everyday clothing, it is probably ok to go without coverage. However, couples planning a large wedding with a catered reception would certainly benefit from coverage. There are insurance policies designed to provide the right coverage for you, from lavish to simple.
Quick Wedding Insurance Features -
- Inclement weather is covered. If an event must be put off due to bad weather, the policy covers expenses for rescheduling.
- Missing officiants are partially covered. When an religious officiant does not show up, some costs can be recovered.
- Injuries and illnesses are covered. Members of the wedding party or key persons who become ill may cause the wedding to be delayed. If this happens, the costs involved with postponing are covered.
- The ceremony location is covered. Many reception venues have their own insurance. If they do not have coverage, a wedding insurance policy will cover damage to the site. This includes mechanical problems, electrical damage and fires. Compensation is also provided for making alternate arrangements if the venue goes out of business before the scheduled event.
- Missing vendors are covered. If a photographer, florist, caterer or any other vendor does not show up, some of the initial costs and the expenses involved with rescheduling will be covered.
- Costs start as low as $125
In addition to these main features, there are many different riders that can be purchased. A Military Rider ensures the cost of postponing the event until a later date is covered if a service member is deployed. Wedding Clothes riders can cover the cost of damage or stores going out of business. Additional damage liability riders are available for couples planning home weddings. For couples whose renters or homeowners insurance does not cover theft or damage of gifts, a gift rider can be purchased. Couples may also purchase a rider for honeymoon cancellation. Wedding insurance policies do not cover cancellation due to something that was known at the time the policy was taken out. In addition to this, it does not cover cancellation due to cold feet. To learn more about this type of coverage, call us to discuss!