Insurance is an expensive part of life– Can’t live with it, can’t live without it. Weddings are no different, for both rings and the event itself. In our case, our venue requires a Certificate of Insurance covering for up to $1,000,000. For many brides, wedding insurance may be something that isn’t always figured into a preliminary budget but should be, depending on which route you take.
I’ve dealt with event insurance a little bit in the past, but not directly. I’ve worked for bands and now a booking agency, and as expected, concerts and shows require a hefty amount of insurance. Just as with a wedding, if something happens to the building, guests, etc., you need to be covered, even if it’s a backyard wedding at your family’s house. While $1,000,000 worth of coverage sounds intimidating, if something serious happens things add up quickly.
Websites like WedSafe.com and TheEventHelper.com are both common choices for many brides. Quick online quotes can easily be gathered with no commitment as well. Most will ask for the level of coverage that you need (which is oftentimes given to you by your venue), and an estimated number of guests. WedSafe quoted me $175, and TheEventHelper quoted me $134. Not too excited to have this expense cutting into my decorating budget, I set out for some more suggestions and discovered that through our homeowner’s insurance we are able to add on a rider to cover the event for a mere $20 (this isn’t a typo, I didn’t forget a digit)!
In conclusion, I definitely recommend first approaching your homeowner’s or renter’s insurance agent with your needs before splurging on a more expensive “wedding insurance” option. As you’re probably finding with several other things in your planning, tacking the word “wedding” on to just about anything will automatically raise the price!