Why Do You Need Insurance?
Your wedding is going to be one of the most important and beautiful days of your life but not without stress and spending a lot of money, that is why you might want to consider wedding insurance, to take some of the pressure off. Accidents do happen, and if one happens on your special day, it’s very relaxing to know that you are prepared just in case.
It’s not as expensive as you think and with the average cost of a wedding in the United States being around $25,000 to $30,000, I think you are going to agree that the small wedding insurance investment may be well worth it. If you are spending much less on your wedding then perhaps you feel you don’t need it, it’s entirely up to you to decide what your comfort zone is. Before getting a policy that fits your needs first find out if any of your vendors already have it, that way you will need less insurance. Also, check to see if any of your credit cards or homeowners insurance cover any part of the wedding or even the honeymoon such as travelers insurance. Now that you know what you have and what the vendors have it’s time to decide what you need. Here is a list of what it covers.
Wedding Insurance Covers
• Canceling because necessary people from the wedding party can’t make it due to illness, accident, or bereavement.
• Damage or stolen expensive gifts (check their policies on this as it may vary considerably)
• Damaged bridal gown
• Damaged cake
• Damaged photos or video
• Extreme weather that makes it dangerous or impossible or dangerous to get to the ceremony and reception
• Stolen wedding rings
• Supplier failure
• Venue cancellation
Wedding Insurance Does not Cover
• A change of heart
• Not going through with the wedding because you end up not being able to afford it
• Lost of theft of the engagement ring.
Be sure and get your wedding insurance well in advance after you have made a specific list of all your costs and more than 14 days before the wedding. It’s very doubtful anybody would give you insurance on that short of notice. How far ahead depends on you and the venue but don’t wait until the last minute, try and get it at least a year ahead of time. Depending on your coverage plan on spending around $66. – $166 and you may have to combine a couple of packages or more to cover your specific needs and desires.