We have car insurance, home insurance, life insurance and even vacation insurance, but if you are going to be tying the knot, have you considered wedding insurance? Yes, it does exist and for very good reason. But what is it, do you need it and should you even consider saying “I do” without it?
You may not want to think about it, but disaster can strike on a wedding day, and it can come in big or small ways. Everything from a damaged wedding dress to a lost tuxedo or a hurricane rolling in on the big day can happen. Is it unlikely? Sure, but things do happen. If you travel, you probably do not buy travel insurance, but if your trip has ever been disrupted by things like inclement weather for example, you already know how important insurance can be. So why get wedding insurance?
Simply put, because anything can happen. If you are going on a destination wedding and didn’t consider hurricane season, who knows what the weather could turn into. Natural disasters are always a threat no matter however you have your wedding; however unlikely it may seem. What if the bride or a close family member is injured in a car accident in the days leading up to the wedding and it has to be postponed? Unfortunately, the ‘what if’ scenarios are the exact reason we have and need insurance, and wedding insurance should be no different.
Most people do not think about wedding insurance because some vendors have liability insurance of their own. However, that usually doesn’t cover everything that goes into making a wedding a wedding; if a photographer fails to show up, a caterer’s liability insurance can’t help you. It is much better to feel protected and safe than worry that something could go wrong.
However, it’s important to know what wedding insurance does not cover because it is very different from traditional insurances. Things like injury from wet floors or a small fire started from someone being careless with their wedding sparklers would be covered by the venue’s insurance; not your wedding insurance. If it doesn’t have to do specifically with wedding events, it’s not going to be insured under your policy.
By spending anywhere between $150 and $500 for your day, you can insure yourselves in the event that something goes wrong. It might seem like a lot, but most would rather pay $500 than see what a wedding during a hurricane is like. It is a worthwhile investment and the cost of the insurance should be factored in when you begin to budget for your wedding.