When you’re planning a wedding, there are a lot of details to consider — from the invitations to the venue to the cake. One thing... Read More
When you’re planning a wedding, there are a lot of details to consider — from the invitations to the venue to the cake.
One thing that may not be at the top of your list yet? Wedding insurance.
Whether renting a venue or hiring a band, for better or for worse, anything can go wrong on your big day. That’s where wedding insurance comes in.
Here’s what you need to know about getting insured for your wedding.
WHAT IS WEDDING INSURANCE?
Wedding insurance is a type of insurance that helps protect a couple’s investment in their wedding. It can reimburse expenses incurred if the wedding is canceled or postponed due to unforeseen circumstances and provide coverage for lost deposits.
Wedding insurance can be an invaluable safeguard for couples who have spent a significant amount of money on their wedding and can help to ensure that their big day goes off without a hitch.
TWO TYPES OF WEDDING INSURANCE
When wedding planning, it’s essential to consider all the potential risks that could come up and how to protect yourself financially. That’s why wedding insurance is something important to think about.
1. Liability Wedding Insurance
Many couples don’t realize that their wedding day is one of the most important days to protect themselves from liability. Why? Wedding guests are prone to accidents and injuries during the ceremony and reception.
If someone is injured on your property or at your wedding — say, Uncle Al drinks a little too much and trips off the stage — you could be liable for their medical expenses. Wedding insurance can help protect you from these potential financial burdens.
Liability insurance covers personal injury and even property damage. So, if you’re planning a wedding, be sure to purchase wedding insurance to protect yourself from any unexpected liabilities.
2. Cancellation Wedding Insurance
Another significant risk is that your wedding might have to be canceled due to an unexpected event, such as illness, bad weather, or a vendor backing out.
This is where wedding cancellation insurance comes in. Cancellation wedding insurance reimburses you for all money spent if your wedding has to be called off. (Though this almost always does not include either bride or groom getting “cold feet.”)
HOW MUCH IS WEDDING INSURANCE?
Wedding insurance costs vary significantly depending on the provider and how much you want covered, so it’s essential to shop around and compare rates before purchasing a policy.
In most cases, wedding insurance will start around $100 and go up to about $500.
Before deciding, be sure to read the fine print and understand precisely what is covered. With wedding insurance in place, you can rest assured knowing that you’re protected in case of an unexpected setback.
DO YOU NEED WEDDING INSURANCE?
From sudden severe weather to the loss of wedding photos, wedding insurance can help protect you from financial losses in a mishap. But it’s important to consider whether it’s the right fit for you.
Before purchasing a policy, check with each of your vendors to see if they already have their insurance coverage. Your reception site or caterer may already have their own insurance, so you wouldn’t want to pay for overlapping coverage out of your own pocket.
Wedding insurance is a must for any couple tying the knot. No matter how well you plan, there’s always the potential for something to go wrong during wedding planning; so consider both wedding liability and cancellation insurance for your big day.
And for help with New England event rentals, give us a call at Sperry Tents Seacoast!