You insure your home and you insure your car. Should you also insure your wedding? It\u2019s not a common line item you\u2019ll find on a wedding planning checklist or in your wedding planner, but maybe it should be. Insurance covers the unforeseen and unexpected events — and weddings are events where things can and do go wrong.<\/p>\n
Some thief walks off with the contents of your entire gift table? Wedding insurance covers it.<\/p>\n
Your bridesmaid steps on your dress at a fitting and you hear a big rip as you walk toward the mirror to admire it? Wedding insurance covers it.<\/p>\n
Before you dismiss wedding insurance from your wedding planning needs, here\u2019s what you need to know to make an educated decision on whether or not it\u2019s for you.<\/p>\n
OF ALL DAY YOUR WEDDING INSURANCE SHOULD BE PERFECT!<\/p><\/blockquote>\n
Wedding Insurance: Is it on Your Wedding Checklist?<\/h1>\n
Wedding Insurance 101<\/h2>\n
Wedding insurance protects you from unforeseen circumstances that can wreak havoc on your wedding. It can cover any money you\u2019ve spent on the wedding or certain types of losses you suffer from those \u201cunknown circumstances\u201d that can popup during the wedding planning and on the wedding day.<\/p>\n
The best way you can see how wedding insurance can work for you is with a couple of real-world examples. (The names of the afflicted have been changed in these stories to \u201cyou\u201d and \u201cyour.\u201d)<\/p>\n
So, here it goes\u2026<\/p>\n
Disaster #1<\/h3>\n
You\u2019re flying off to your destination wedding in Aruba. Your husband-to-be checks his tuxedo in his suitcase. All is good.<\/p>\n
You arrive in Aruba and when the baggage belt for your flight stops, your groom\u2019s luggage is nowhere to be found. That\u2019s right. His suitcase is lost and his wedding tuxedo is lost right along with it.<\/p>\n
Wedding insurance covers the replacement cost of the lost tuxedo and covers the expense of finding a new outfit for the groom in Aruba.<\/p>\n
Disaster #2<\/h3>\n
You have booked your dream wedding venue for your reception. After nine months of planning, your wedding day is three short months away. Your mom comes into town for a visit and you decide to go by the venue to show her around.<\/p>\n
When you stroll up to the front door and pull on it, it\u2019s locked. That\u2019s when you notice a huge \u201cGone out of Business\u201d sign on the front door. Cue panic (or not).<\/p>\n
Wedding insurance covers the loss of the deposit money you\u2019ve paid to this venue and covers the cost of finding a new place to hold your reception.<\/p>\n
Disaster #3<\/h3>\n
On the way to the reception venue, the van delivering your wedding cake gets rear-ended in a traffic accident. Needless to say, your cake is smashed to smithereens. The sugary creation took three days for the bakery to make and assemble.<\/p>\n
A substitute dessert can be supplied, but what about the $750 you spent on the cake? Wedding insurance covers it.<\/p>\n
These are a few examples of some of the realistic disasters that can cause a financial loss (not to mention a stressful loss). Fortunately, these are but a few of the scenarios also covered when you have wedding insurance.<\/p>\n
The Cost of Wedding Insurance<\/h3>\n
Wedding insurance works similar to other types of insurance you carry. There is a basic wedding insurance policy, which typically covers vendor deposits, presents, wedding rings (not engagement rings), photos, videos and attire. This basic policy can cost anywhere from $150 to $550 \u2014 varying according to the amount of coverage you choose.<\/p>\n
As is the case with almost any policy, the higher your amount of coverage, the more the policy costs and vice versa. For accidental coverage, also known as general liability insurance, you can expect to pay in the neighborhood of $185 for a $1,000,000 policy. Considering that a wedding typically costs tens of thousands of dollars, this seems like a small price to pay for coverage and peace of mind on one of the biggest days of your life.<\/p>\n
The What, When, and Where of Wedding Insurance (aka the \u201cfine print\u201d)<\/h3>\n
Wedding insurance has its own set of restrictions and limitations and there is typically a deductible.<\/p>\n
Some of what is covered<\/strong> by wedding insurance is:<\/p>\n
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- The venue<\/li>\n
- Inclement weather conditions<\/li>\n
- Vendors that don\u2019t show up or provide the product or service you paid for<\/li>\n
- An illness or injury to the bride or groom<\/li>\n
- Postponement because of military duty or corporate employment relocation<\/li>\n<\/ul>\n
Some of the items that may not<\/strong> be covered include:<\/p>\n
\n
- Wedding cancellation by the bride or groom<\/li>\n
- Jewelry<\/li>\n
- The engagement ring.<\/li>\n<\/ul>\n
Policy Riders<\/h3>\n
Riders are supplements you can add to the base insurance policy. These riders provide added coverage for specific circumstances that may arise. Coverage types include:<\/p>\n