No matter how much one prepares and plans for that perfect wedding, there will still be unexpected circumstances that arise costing you and your future spouse more than you expected. For instance, if your caterer cancels and you need to find someone last minute for twice the price, wedding insurance can reimburse you for any unexpected costs you may accrue around your special day.
What Does Wedding Insurance Cover?
Weddings are expensive enough–who wants to pay more than they have to? Wedding insurance covers a variety of different scenarios that can save you and your new spouse a significant amount of money including:
- Cancellation or postponement
- Special jewelry
- Lost deposits
- Wedding gifts
- Wedding photographs
- Lost video footage
- Additional expenses
- Wedding cake
Depending on the venue, if there is alcohol at the wedding, liquor liability can also be added to a wedding insurance plan to further protect from any medical or health issues. Wedding insurance can cover as much, or as little, as you would like. For example, if you and your future spouse feel your expensive wedding cake is a high risk, you may only want to cover that and nothing else.
Make Your Honeymoon Even Sweeter
Your flight to Maui was cancelled? Wedding insurance can also cover your honeymoon travel costs should anything go wrong with transportation. Before buying travel insurance for your honeymoon, check with your wedding insurance provider to see if they offer honeymoon coverage.
Additional issues such as extreme weather or illness are risks that can cost a lot of money as well if you are not covered properly. With the average cost of a wedding in America being over $26,000, it may be time to say “I do” to wedding insurance. Be wise–the money could receive from insurance if an unexpected disaster happens could be used to buy your new house or prepare for little ones.
Types of Wedding Insurance: Cancellation vs. Liability
Wedding cancellation insurance offers protection and compensation for any event cancellations for reasons such as:
- Extreme weather
- Severe illness
- Lost deposits
- Bankruptcy of a vendor
Wedding liability insurance, however, may not be needed depending on the wedding venue. Most wedding venues by law are required to have their own liability insurance. If the wedding were to be in your backyard, however, wedding liability insurance is something that will want to be considered, especially if alcohol is available. Wedding liability insurance covers any injuries sustained by your guests, any health concerns relating to your guests, and any risks related with alcohol.
The Cost of Wedding Insurance
While there is really no price tag for protecting your special day, wedding insurance can cost anywhere from $100 to $500 depending on how much you would like to have covered. When compared to other expenses in a wedding, this price tag is going to be worth it.
Having your wedding insured can take a lot of stress away and can offer you peace of mind if and when things don’t go exactly as planned. At TJ Woods Insurance, we offer a variety of insurance policies and coverage that will save you money and keep you safe from the unexpected. Be sure to contact us today for a free consultation and learn more about why wedding insurance is right for you.
