wedd ins

Wedding Insurance -do we need it?

Wedding Insurance-do we need it?

Unforeseeable events can happen on your wedding day. From stolen wedding gifts to a damaged wedding dress, wedding insurance can help protect you against wedding disaster, and can also buy you peace of mind.

What Is Wedding Insurance?

Wedding insurance protects a couple’s investment from circumstances beyond their control, and reimburses expenses incurred. For example, what if your caterer doesn’t show up and you have to book another one the morning of the wedding for double the price. Or what if the bride’s wedding gown is lost in baggage claims at the airport and she has to purchase another one the day before the wedding? What if your venue space goes out of business a month before the wedding, and you lose your deposit and have to book another space? These are the types of wedding day financial losses that wedding insurance can help to protect.

Why Get Wedding Insurance?

Consider these scenarios:

  • Jennifer and Michael spend months planning their beach wedding . But on the wedding day, their reception site is made inaccessible by a hurricane storm. With the right wedding insurance policy, the couple can postpone their wedding and receive every penny they lost (less the deductible)—including money for the invites, cake, catering, attire and nonrefundable deposits for ceremony musicians, a floral designer and other vendors.
  • The groom’s mother is injured in a car accident just before the wedding and cannot travel. If the couple has to postpone their wedding, with wedding insurance they could be paid back their expenses to enable them to have the wedding when the mother recovers.
  • The day before the wedding, Janet’s gown is stolen at the seamstress studio.  Now, she has no dress. Fortunately, the right insurance policy covers the replacement of the gown.

How Much Does Wedding Insurance Cost?

A basic insurance policy that covers loss of photos, videos, attire, presents, rings and deposits usually costs anywhere between $155 and $550, depending on the amount of coverage you want. General liability insurance, which covers up to $1,000,000 for accidents, costs around $185. You can call your local insurance agency to get quotes and a policy that suits your needs.  Call Spencer Insurance Agency in Stuart, Florida.

Do You Really Need Wedding Insurance?

Before buying your wedding insurance coverage, contact your vendors to determine what kind of coverage they offer you in case of unforeseeable circumstances. Some of them may have liability insurance coverage which may cover you.  Ask your vendors for a copy of their policy, and then figure out where you aren’t fully covered.

What Does Wedding Insurance Cover?

Problems with the site, weather, vendors, key people, sickness or injury are the top concerns come wedding day. There’s usually a specified maximum amount, which can be claimed under each section, and a deductible also applies. Be sure to find out the details of your insurance plan.

Every insurance policy and every wedding scenario is different. Be sure to talk to your insurance agent to discuss One Day Event coverage—and have him or her explain the nuts and bolts to you. You want to make sure you understand every detail of your policy. You can contact 1st Liberty Insurance in Port St. Lucie, Florida for additional information.