For wedding couples, or their parents, who have lovingly planned every detail and budgeted down to the last penny, even a relatively small loss can feel devastating, while a large loss or liability claim can bring true financial disaster.
Most of the time, weddings go pretty smoothly, but when something unexpected does go wrong, it can be frightening how quickly the costs can add up. This is where wedding insurance can help you. Though you might not want to think about it, disasters can happen anywhere, anytime, including your wedding day. But what is wedding insurance and how does it work?
Wedding insurance helps protect you from the unforeseen circumstances that could threaten your wedding and reimburse you for monies lost. For example, what if your reception space goes out of business the month before the wedding or a specially designed bridal gown gets damaged or lost in the airport or a DJ or caterer doesn’t show up? These are all financial losses that could be covered by wedding insurance.
When it comes to honeymoons, check before purchasing travel insurance. Your credit card company or homeowner’s insurance may cover you if your luggage is stolen or your trip is delayed or cancelled. If not, you can buy separate trip-only insurance but some agencies do include travel insurance for your honeymoon.
Before you buy wedding insurance, check to see which of your vendors have their own insurance and what it covers to avoid paying for overlapping coverage. Talk to your vendors to find out what they cover and what you should look into with your insurance agent.
Every insurance policy and every wedding scenario is different. Be sure to sit down and discuss all the details with your insurance agent and tailor a policy that fits your needs. Ask questions and shop around to get the best deals.