As a general rule, but especially when it comes to Wedding Planning, no one likes to buy anything that they may not need to use, but Wedding Insurance should be an exception to that rule. It doesn’t matter how large your Wedding budget is or how many people you plan to invite, Murphy’s Law can always pop up at the least expected time, and depending on the situation, Wedding Insurance may be the only thing keeping you from losing thousands of dollars! Continue reading to learn the basics of Wedding Insurance and how to purchase it for your big day.
WHY SHOULD I BUY WEDDING INSURANCE?
No matter if this is your first Wedding or your fourth Wedding, you still may not know what to expect on your Wedding Day. There are so many moving pieces and external variables, which can lead to opportunities for unexpected things to go wrong. Imagine if one of the following scenarios occurred on your Wedding Day:
Your Wedding Venue unexpectedly closes, you lose your deposit and have to book another venue at a higher price
The photographer gets into a car accident and cannot make it to the ceremony, which causes you to have to hire someone else at a premium rate on the day of the Wedding
One of your guests has a little too much to drink, knocks over a lit candle and burns a hole through one of your table linens
Your Wedding is scheduled during Hurricane Season and your Wedding Venue becomes damaged and inaccessible due to the weather
These are all scenarios where Wedding Insurance can help minimize your financial responsibility, protect your investment, and give you a little peace of mind.
WHERE CAN I BUY WEDDING INSURANCE?
Typically Brides purchase Wedding Insurance online and the average cost for a policy is around $250-300. Depending on your specifics and how much coverage you would like, the price may be higher or lower. Some online resources to purchase policies and learn more about coverage are WedSafe.com and ProtectMyWedding.com. Alternatively, you may be able to find an independent agent that offers policies to fit your specific Wedding Day needs. A good place to start is by asking your personal Car Insurance, Life Insurance or Health Insurance Agent.
DOES WEDDING INSURANCE COVER JEWELRY?
While jewelry coverage will vary based on your policy, the most common Wedding Insurance policies will cover wedding rings, however, your engagement ring will be covered. If this is a concern or you have other valuable pieces of jewelry that you want to be covered during your Wedding Ceremony and Reception, you can add these items to your home or renter’s insurance policies with an additional rider.
ARE THERE ANY OTHER BENEFITS TO PURCHASING WEDDING INSURANCE?
Some venues actually require a couple to have Wedding Insurance as a part of their contract language, so having a policy in place would give you access to more potential Wedding Venues. Also, some venues will offer you a price deduction for doing the responsible thing and getting a Wedding Insurance policy for your day.
Wedding Insurance is one of those costs that you should make sure to include in your Wedding Budget when planning. It will give you the added benefit of knowing that no matter how large or small your Wedding financial investment is, it will be protected.
Still have questions about Wedding Insurance? Schedule a Session with a Bridal Helpline Planner!
THE BRIDAL HELPLINE
Designed for today's Modern DIY Bride, The Bridal Helpline is the ideal addition to your already busy lifestyle - giving you the flexibility of planning your Wedding anytime, anywhere. The Bridal Helpline connects you by phone to an experienced, Wedding Industry certified Wedding Planner to help you develop solutions to your Wedding Planning questions.
HOW IT WORKS
STEP 1: CHOOSE A SERVICE
Assess your list of wedding planning questions and decide if you need a 25 or 50 minute Bridal Help Session.
STEP 2: PICK A DATE
Find a date + time that fits your schedule. You will receive the name and number of your Bridal Helpline Planner.
STEP 3: MAKE A CALL
Simply call on the day an time of your session and get answers to all the questions on your list.
SCHEDULE YOUR CALL
There are two convenient ways to speak with a Bridal Helpline Planner. You can either schedule a session based on your personal availability or your can select your favorite Bridal Helpline Planner. Bridal Help Sessions can be reserved with your Bridal Helpline Planner as far as a week in advance or as soon as 24 hours before you need to chat, so you have plenty of time to gather all of your Wedding Planning questions.