What is Wedding Insurance and Do You Need It?

Who would have thought that the state of the economy today would impact on your wedding? Why would it? You have enough money to pay for whatever kind of wedding you want so the world economy shouldn't matter one bit... right?

Wrong.

No matter how much money you may have you can't control what happens to your vendors, so unless you are planning on doing every single thing for your wedding yourselves, including catering, supplying beverages, holding the wedding ceremony and reception at your house, playing your own music, taking your own pictures... the list goes on - then the fact of the matter is, you are at risk of losing money; and in today's market, a wedding costs on average between $25,000 - $35,000. Can you afford to lose that much money?

If you are right in the middle of planning a wedding, you'll be well aware of how far in advance you need to book your major vendors. Some couples are booking their wedding venues, photographers and band up to three years in advance!

A lot can happen in three years, the business could come into all kinds of financial difficulties or the owner could die or get sick. The point is your vendors lives do not revolve around you and sometimes things out of their control (or within their control, but they can't manage a business properly) can mean any deposits you may have paid to secure the vendor will be lost.

So how do you stop yourself losing money?

Buy wedding insurance. It's as simple as that. Most insurance companies will have a form of event cancellation insurance and usually wedding liability insurance.

What does event cancellation insurance cover me for?

• Well policies vary from company to company, but generally the event cancellation insurance covers:


• The death or sickness of you or a member of your family


• Theft or damage to your wedding gifts - The wedding present table might get tipped over by a 'happy' guest.


• Extreme weather which prevents the wedding from taking place. 


• Delayed flights for integral members of the bridal party or family


• Cancelled military leave

Generally if the bride or groom get cold feet and leave the other jilted your insurance won't pay out, but always ask the question when doing insurance company comparisons.

Wedding Liability Insurance covers you for:

• Guests or bridal party getting injured at your wedding, or as a direct result of your wedding


• Damage to property as a direct result of your wedding

Normally your wedding venue will have liability insurance, but it would be a good idea to get your own anyway, this would ensure you piece of mind on one of the most important days of your life.