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oldfriendoflive
final count 206
Member since 9/07 2196 total posts
Wedding Date:
5/29/2009 3:00 PM
Wed. Location:
JT
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I am thinking about investing in wedding insurance.
My fiance and I are paying off the wedding hall in advance, which makes me nervous. I wanted to know if anyone else is looking into wedding insurance or already purchased the insurance. I looked into two websites so far-Travelers and Wedsafe. Does anyone know of a good company to use. Thanks.
the sites
http://protectmywedding.com/index.html
http://www.wedsafe.com/index.html
Message edited 4/24/2008 4:32:23 PM.
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Posted 4/24/08 4:31 PM 
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Long Island Weddings
Long Island's Largest Bridal Resource |
Pinkiegirll07
TYs on the way!!
Member since 10/06 2575 total posts
Wedding Date:
9/15/2007 2:30 PM
Wed. Location:
Crescent Beach Club
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Re: I am thinking about investing in wedding insurance.
May I ask why you are paying Jericho Terrace all their money upfront?
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Posted 4/24/08 4:42 PM
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bluegreen08
OBAMA/BIDEN '08!
Member since 4/07 8029 total posts
Wedding Date:
8/17/2008 11:30 AM
Wed. Location:
North Ritz Club
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Re: I am thinking about investing in wedding insurance.
Posted by Pinkiegirll07
May I ask why you are paying Jericho Terrace all their money upfront?
I agree, better to put it in a high interest savings account and pay in installments
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Posted 4/24/08 4:45 PM
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oldfriendoflive
final count 206
Member since 9/07 2196 total posts
Wedding Date:
5/29/2009 3:00 PM
Wed. Location:
JT
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Re: I am thinking about investing in wedding insurance.
My fiance insists its the best way, but I am nervous about doing that. He feels by July we will be paid off in full for 200 guests and then start the heavy saving. My sister is getting married 4 months after me and thinks we are crazy and thats why I want insurance.
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Posted 4/24/08 9:13 PM
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sophisticat13
Love summmmmer!
Member since 11/07 4346 total posts
Wedding Date:
7/20/2008 11:00 AM
Wed. Location:
Land's End
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Re: I am thinking about investing in wedding insurance.
I am too. I think it is a good idea, especially if you are paying off your Rh in advance. It's a lot of $$ if (god forbid... ) something happens...sorry to be a downer but I like to be prepared... thanks for the websites!!!
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Posted 4/24/08 11:06 PM
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JulyBride728
Board Fanatic
Member since 9/06 961 total posts
Wedding Date:
7/26/2008 12:00 AM
Wed. Location:
Crest Hollow Country Club
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Re: I am thinking about investing in wedding insurance.
Posted by oldfriendoflive
My fiance insists its the best way, but I am nervous about doing that. He feels by July we will be paid off in full for 200 guests and then start the heavy saving. My sister is getting married 4 months after me and thinks we are crazy and thats why I want insurance.
I think it's a great idea that you guys want to pay off for it completely, but you abs. positive that 200 guests will attend, nothing more nothing less?
If you're nervous about giving them the entire money, perhaps you can find out exactly how much it'll cost (service charge, tips, hidden fees) totaled up, and put that money in a separate account totally untouched? This way you have the money set aside, but at the same time you still have it in your possesion not having you to worry?
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Posted 4/24/08 11:17 PM
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Liana
Board Fanatic
Member since 11/07 378 total posts
Wedding Date:
9/21/2008 6:00 PM
Wed. Location:
Temple Israel of Lawrence
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Re: I am thinking about investing in wedding insurance.
Please fm me when you get a quote. we were also looking to do what you guys are doing and was curious how much it would cost. Thanks!
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Posted 4/24/08 11:52 PM
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PreshusSmurf
Beyond Obsession
Member since 5/06 7770 total posts
Wedding Date:
11/10/2007 7:30 PM
Wed. Location:
North Ritz Club
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Re: I am thinking about investing in wedding insurance.
Posted by JulyBride728
perhaps you can find out exactly how much it'll cost (service charge, tips, hidden fees) totaled up, and put that money in a separate account totally untouched? This way you have the money set aside, but at the same time you still have it in your possesion not having you to worry?
I completely agree with the above suggestion.
Your fiancee is mistaken in this situation. It makes no sense to pay off the full amount now. You could be earning interest on that money in the bank ... rather than incuring the extra added expense of paying for wedding insurance. I don't believe that the insurance covers as much as you would hope ....
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Posted 4/25/08 12:12 AM
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BoxOfRocks
Nothing Serious
Member since 11/06 1329 total posts
Wedding Date:
5/20/2007 12:00 AM
Wed. Location:
Crest Hollow Country Club
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Re: I am thinking about investing in wedding insurance.
I must admit that I'm also perplexed about why you would want to pay the entire catering hall bill in advance. It's going to be the biggest bill for your wedding--why not set money aside in a high-interest account, as one of the previous posters suggested? Why should the RH get all the interest from your full payment, and not you? It also leads to accounting follow-up later.
Wouldn't you need to do the "heavy saving" for the catering hall? Am I missing something?
FTR, DH and I used WedSafe. We only got event and liability coverage. Our wedding was probably an average Long Island wedding in terms of price; we paid $540 for those two types of coverage in an amount of coverage that would have made up the majority of the cost of the wedding. We were willing to eat the rest if disaster happened. Fortunately, nothing did.
I suggest you read the limits of the policy on WedSafe. Not all events are covered, so if you cancel or reschedule the wedding, you may be out both the cost of the policy AND the cost of the wedding itself.
Also, check your renter's or homeowners insurance. It may already provide liability coverage in an amount you feel comfortable with.
Good luck!
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Posted 4/25/08 12:16 AM
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