Wedding Insurance

Not sure how many of you are planning on getting wedding insurance. FH just 'discovered' that it existed So I thought I'd post an article I saw on about.com regarding whether it's right for you...
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What is Wedding Insurance?

Wedding Insurance is exactly what it sounds like – an insurance policy that covers your wedding and financially protects you against misfortune and mishap. Wedding Insurance policies are relatively inexpensive – a basic policy costs between $125 to $500 – and can help you have peace of mind.

Is Wedding Insurance Right For You?

The decision to purchase Wedding Insurance is a highly personal one – a financial decision that is an additional cost for your wedding budget, but will protect you from unforeseen disasters and mishaps. As the average cost of weddings rises, now $27,000 in the US, wedding insurance becomes more of a necessity. After all, you wouldn’t buy a new car that cost that much without insuring it against damage. If you are having a less expensive affair, or are a couple that likes to live with risk, perhaps you’ll decide to forgo the insurance. Keep in mind that you can get a less expensive policy that will only cover either a more intimate affair or a specific risky part (such as if you’re worried about your luggage getting lost en route to your destination wedding; wedding insurance could cover the cost of quickly replacing your gown and tuxedo.)

What Wedding Insurance Policies Typically Cover

(Be sure to read the fine print of your policy to make sure they cover these things!)

- Weather If your celebration has to be postponed because of rain or other bad weather, your policy should cover the cost of rescheduling.

- Illness or Injury If essential people get sick or injured and cause the wedding to be postponed, the expenses involved with that postponement are covered.

- A Missing Officiant If your minister, justice of the peace, rabbi or other celebrant should be a no-show, you’ll recoup some of your costs.

- Missing vendors Similarly, if your caterer, florist, photographer, or other key vendor is missing in action, you’ll recover some costs and possibly the costs of rescheduling the whole thing.

- Your Location If your ceremony and reception sites don’t already carry their own insurance, your wedding insurance policy can cover damage to the site, fire, electrical or mechanical problems, or going out of business that causes you to lose money or have to reschedule.

Additional Riders You Can Purchase

- Military Service Should the bride or groom be in the military or active reserves, you’ll want to be insured in case they are called to duty suddenly and everything has to be postponed.

- Your Gowns and Tuxedos including stores going out of business or damage.

- Gifts If your homeowners or renters insurance doesn’t cover them, you may want to protect against theft or damage of gifts.

- Liability Most sites carry liability insurance, but if you’re having your wedding at home, you’ll want to be protected in case a guest gets hurt or hurts someone else.

- Honeymoon Protect yourself against having to cancel your trip due to illness, bad weather or other unfortunate circumstances.

What Isn’t Covered
- Cancelling due to cold feet
- Cancelling because of something you already knew when you took out the policy
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Re: Wedding Insurance

Thanks for the info! I didn't realize an insurance policy would cover it if the RH went out of business. A couple years ago a woman I know was getting married and having the wedding and reception on a cruise ship. 2 weeks before her wedding the cruise line went out of business (declared bankruptcy) and she lost all her money. No one saw it coming. At least we can protect ourselves against something like that. I'm going to get some quotes for a policy now.

Re: Wedding Insurance

I was just looking into it and I was actually shocked to read this:

If a guest has too much to drink and then gets in an accident or a brawl, the bride and groom almost certainly will be among those named in a lawsuit.

Now I know I def need insurance... with my family and an open bar .. you never know what will happen

Re: Wedding Insurance

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Posted by Lucky0510

I was just looking into it and I was actually shocked to read this:

If a guest has too much to drink and then gets in an accident or a brawl, the bride and groom almost certainly will be among those named in a lawsuit.

Now I know I def need insurance... with my family and an open bar .. you never know what will happen

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I didn't know that...hmm..maybe I should more seriously consider it too..

Re: Wedding Insurance

hmm.. i'm considering it.. do you know who offers wedding insurance?

Re: Wedding Insurance

I'm not sure..I'll probably check with whoever my parents have their homeowners insurance under...has anyone actually done this?? advice??

Re: Wedding Insurance

My company sells wedding insurance, I'm working on a project with it right now so I have a lot of info, if you have any questions feel free to FM me

Re: Wedding Insurance

are you getting it? do you think it's worth it??

Re: Wedding Insurance

I am definitely going to look into it. It can't hurt.

Re: Wedding Insurance

This seemed to be the most popular company when I looked into it.
I was trying to see if there was any one who had to make a claim but I couldn't find anything... I wanted to know if the company gave them a hard time. It def seems cheap enough. We have a lot of older relatives so their policy to pay for everything if the wedding has to be postponed in case of a death in the family seems pretty sensible. I read that it doesn't pay you if they wedding is cancelled though. They only pay if it's postponed.

http://wedsafe.com/

Re: Wedding Insurance

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Posted by KickinDandelions

are you getting it? do you think it's worth it??

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I do plan on getting it. It covers A LOT of stuff.