This is probably one of the very last things you’d like to hear about when planning a wedding, but wedding insurance is something to consider. Today, we’ll be discussing the basics of this topic.
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Q: What is wedding insurance?
It’s just like any other type of insurance, yet many couples aren’t even aware that wedding insurance is available to them. It’s a way for couples to protect themselves (and their investment) from out-of-control circumstances surrounding their wedding day. Many unexpected things can happen and it’s always great to be prepared!
Q: What does it typically cover?
It typically covers situations beyond your control. Issues can include extremely inclement weather, problems with the event venue, wedding vendors not showing up, and sickness/injury of anyone essential to the wedding. If you’re a member of the military and concerned about a change of wedding date (deployment or last-minute duties), wedding insurance can cover a postponement of the wedding. Also, most vendors require a non-refundable deposit or retainer fee, in which case your wedding insurance may cover your loss of investment.
Q: So, it covers everything then?
Unfortunately, this is not the case. Wedding bands are typically included in some plans, but details such as heirlooms or other precious jewelry may not. It also does not cover wedding cancellations due to a change of heart. Talk to your insurance agent about any concerns you might have.
Q: Is it necessary in my situation?
Wedding insurance is definitely something to consider. Many vendors are insured on their own, so it’s great to check with them first. If you’re having a very low-key, budget wedding (backyard affair, courthouse elopement, etc), wedding insurance probably is not vital to your situation. If lots of traveling is involved and important items are being transported from a distance, it may be something you should consider.
Every insurance policy is different and every wedding situation is unique. If wedding insurance is something you’d be interested in knowing more about, contact your insurance agent for further details.