Weddings are major investments. As the affairs involve such significant investments, securing these investments by taking out wedding insurance seems warranted.
Even if you're not planning a lavish affair, planning is required. And with planning comes insurance to protect your expenses. This is simply a smart idea. Wedding insurance protects against the event being canceled, postponed, and other unfortunate, unforeseen circumstances.
Most common coverage of this kind of insurance:
1. Your wedding gown - attire.
For sure insure your wedding dress. Bridal firms going out of business, leaving you without your special dress for the day, is a common wedding insurance claim.
2. Sickness, injury (or death) of bride or groom, and family attending the wedding.
This is a very relevant insurance, particularly if the bride or groom-to-be wants to go on a snowboarding trip just prior to their Big Day.
3. Liability & injury of bride, groom, wedding party and attendants.
Some venues will require it and only host your event when you take out liability insurance. When any of your guests gets injured, medical expenses can be covered. When you or a guest cause damage to property, say DJ equipment or venue furniture, for example, those expenses can be covered as well.
4. No-shows of the wedding party, officiants and wedding planner.
Of course, some of these are optional. Not everyone has a wedding planner. However, if you have a huge party with planner and all, be sure to tick this box on the insurance form and get it covered.
5. Ceremony & reception venue, caterers and other vendor issues.
This is a section on your insurance policy form that you must tick also. But, it is common to obtain a copy of your vendor's insurance policy first, to avoid insurance coverage overlap and identify where you are not fully insured.
What could go wrong? Think of caterers going bankrupt, cars with flat tired unable to make deliveries or resulting in (too) late deliveries, lost wedding favors, incomplete service from venue personnel, human error, and other possible misfortune. Besides covering for damage caused by service providers who fell short in providing their contracted product or service, it can also cover non-refundable deposits plus the extra expenses to find new supplier. Some insurance policies cover potential legal costs. Note that your insurance can cover unforeseen expenses also beyond vendor-caused issues.
6. Transport
This would include the limousine and other car hires to transport the wedding couple plus guests to and from the ceremony and reception. If you are planning a destination wedding, do include complete travel insurance. Specifically, make sure you have in writing that your dress is covered when traveling!
Oh, there is more: the photography/videography, the honeymoon, just to name a few.
In Conclusion
When you consider that any of these components and realize that any of a million different details may put your wedding at risk, insurance can give you this calm sense that things are under control 'no matter what'.
Tip: ** Read ** your insurance policy to ensure it meets your needs, before you sign.
Enjoy your perfect(ly insured) wedding!
Copyright Van Dorst 2008
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