Do You Need Wedding Insurance?

More and more marrying couples are deciding to purchase wedding insurance, but what exactly is wedding insurance and what does it cover?

Wedding insurance is an insurance policy that covers your wedding and financially protects you against unforeseen mishaps.   With the average cost of U.S. weddings being over $28,000, and since couples are required to leave nonrefundable deposits and sign contracts with multiple vendors, they're realizing that it's wise to protect their financial investment.

For the peace of mind that it offers, wedding insurance is relatively inexpensive.   A basic policy can be purchased online and in most cases, costs less than $500.

If you decide to purchase wedding insurance, make sure you read the fine print and have a clear understanding of exactly what is and is not covered in the policy.   Here's what's typically covered by a wedding insurance policy:

• Inclement Weather - If your wedding has to be cancelled due to rain (outdoor wedding) or severe weather conditions, your policy will cover the cost of rescheduling.
  
  
• Alcohol-Related Accidents - Host Liquor Liability protects you from legal liability should an alcohol-related accident occur.
  
  
• Bodily Injury - Should someone suffer bodily injury while attending your wedding, you will not be held liable.
  
  
• Illness or Injury - If members of the bridal party or close relatives are ill and the wedding has to be postponed, the expenses associated with the postponement are covered.   Also, if the wedding must be postponed because an approved military leave of the bride or groom is withdrawn, the postponement expenses are covered.
  
  
• Officiant Is a No-Show - If your clergyperson does not show up, you'll recoup associated costs.
  
  
• No-Show Vendors - If your caterer, florist, photographer, or other key vendor does not show, you’ll recover some costs and in some cases, the cost of rescheduling the wedding.
  
  
• The Ceremony/Reception Site - If the venue doesn't have an insurance policy in place, wedding insurance will cover your expenses should fire, electrical or mechanical problems, or going out of business cause you to lose money or have to reschedule.
  
  
• Bridal Gowns & Tuxedos - Should your wedding attire suffer damage or the bridal boutique go out of business, you're covered.
  
  
• Wedding Gifts - If these are not covered under your homeowners or renters policies, you can insure your wedding gifts against theft or damage.   You can also be protected if the Best Man loses your wedding rings.
  
  
• Wedding Photos - A wedding insurance policy can also provide coverage should your photographer ruin or fail to deliver your wedding photographs.

Visit WedSafe or Travelers Insurance for more information and to obtain an instant online quote.


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