Are you hearing wedding bells? If so, you are no doubt in the midst of countless hours of preparation and paying out exorbitant amounts of money for this special day. But what happens if the wedding is postponed or cancelled, or if something happens to the wedding gifts? Weddings are a once-in-a-lifetime opportunity to make a couple’s day special. From the dress to the food, we know you want everything perfect. Insurance might be the last thing on your mind during the planning process, but it should be the first! Lucky for you, there is an insurance policy to cover such things.
Wedding insurance is a special type of policy, often referred to as a special event liability policy. With this type of policy you can cover lost deposits, postponement or cancellation of the wedding, including coverage to reimburse you for non-recoverable expenses due to an illness to the bride, groom, or parents, damage or loss to a tuxedo or bridal gown, ruined photos, lost rings, and more. So if a hurricane rolls in on your big day or your wedding rings are lost or damaged, you can recoup some of your losses.
Some wedding insurance policies cover host liquor liability, some do not. It is best to find out if the policy you choose includes this coverage. If you will be serving alcohol at your event, then you want to be sure to include this coverage to protect yourself from a lawsuit resulting from damage caused by an intoxicated guest. If host liquor liability is provided, be sure you discuss this coverage with your agent. Coverages can vary and you want to be sure you know how you are being covered under this liability protection.
On average, couples in the United States spend approximately $35,000 on their wedding. A wedding insurance policy can cost as little as $160. This is a small price to pay to protect such a large expense. With that big day approaching quickly, or even while still off in the distant horizon, it is important for you to protect what has become a significant investment for many couples. You have the rest of your life to enjoy your time together—make your wedding day is something special you can enjoy by protecting yourself and your investment.