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Your wedding is one of the biggest investments of your life, so that's why it should be protected. Even if you're on a tight budget, insuring your financial investment is a wise idea for any couple who isn't comfortable risking the money they've spent on their big day. In this post, we'll share more about how you can protect your wedding with a wedding insurance policy.
Did you even know that Wedding Insurance is a thing? It totally is, and when you are facing the possibility of losing a large chunk of cash because of an unforeseen event or act of God, you'll be super glad you paid for a policy. Whether or not you live in an area where severe weather could potentially be an issue, having an insurance plan in place is a great idea. Above all, the small amount you have to pay for a policy could save you big time should the unexpected happen.
Two Types of Wedding Insurance to Know About
Where can couples get a Wedding Insurance policy to protect their financial investment? WedSafe is a top wedding insurance provider that has served as a trusted resource for couples for over two decades.
What does wedding insurance cover? What does it not cover?
It depends on the types of policies that you purchase, but there are two main types of coverage to know about. WedSafe offers both of these types of insurance coverage that can come to your wedding's rescue if needed:
1. Cancellation/ Postponement Insurance
Wedding Cancellation/ Postponement Insurance offers coverage should severe weather or other circumstances beyond your control force you to postpone or cancel your big day. It also offers coverage for lost deposits and extra expenses.
2. Wedding Liability Insurance
Wedding Liability Insurance, often required by venues, offers protection in the event of bodily injury, property damage, theft, or alcohol-related accidents. A liability policy provides coverage that protects you from being personally held responsible for any accidents that happen at your wedding.
The type of coverage you will need will depend on the size, cost, location, and logistics of your event. Choose the coverage options that are right for your wedding so that you're protected. Wedding insurance covers a whole manner of possibilities and unforeseen circumstances. Your policy could even protect you in the case of wedding venue bankruptcy or vendors who no-show, causing an event cancellation beyond your control.
Do You Need Wedding Insurance?
Your wedding day is a time of great joy and celebration, and as we're sure you aware, it’s also a big investment. What if a vendor doesn’t show? A guest trips and falls and hurts themself? A parent gets too sick to attend? Inclement weather requires you to postpone? Literally anything can happen, so when the unexpected occurs, wedding insurance can help provide some peace of mind. Whether or not you need wedding insurance depends on several factors. Some good reasons to invest in a wedding insurance policy include:
- You are planning to serve alcohol at your wedding
- You live in an area known for extreme weather that could impact your event. (Hurricanes, tornados, etc.)
- You are planning a destination wedding where travel is involved and could impact your ability to attend the event should a crisis arise
Oftentimes, a Liability Insurance Policy is required by your wedding venue in case of damage to the venue property or its contents. In most cases, your venue will tell you how much coverage to buy to meet their requirements.
Get More Protection for Your Wedding at a Discount!
Wedding Day Protection Package:
Purchase Liability with Cancellation/ Postponement Coverage and receive up to a 15% discount on your premium!
For less than half the cost of an average wedding cake, you can protect your big day. Plus, by purchasing both products together from WedSafe, you can receive discounted rates! How's that for having your cake, and eating it, too?
Insuring Your Wedding with WedSafe is as Easy as 1, 2, 3!
Get your instant quote online at WedSafe.com
Complete your purchase through the secure online application.
Receive your insurance documents in just minutes.
When Should We Get Wedding Insurance?
It is obviously necessary to purchase an insurance policy in advance of your event. Once you begin putting down deposits and officially booking vendors, it's a good idea to go ahead and purchase a policy.
Since venues often require couples to purchase liability insurance, they may require proof of insurance as much as 30 days ahead of your event.
Editor's Note: You can not purchase a new policy to specifically protect against the cancellation of a scheduled event because of the current public health situation. Their policies contain an exclusion for “Any circumstances known to you or the honoree at the date of issue as likely to give rise to a cancellation.”
How Much Does Wedding Insurance Cost?
The prices for wedding insurance policies vary based on location, wedding size, type of coverage, etc. As such, it is hard to share specific pricing that would be standard across the board.
You can get coverage appropriate to the investment you've made (ie, your wedding budget.) Liability policy costs depend on the amount of coverage you choose to release you from responsibility in case of accidents. WedSafe has options to suit a range of wedding sizes and coverage needs. So whether you're spending $5,000 or $50,000 you'll be able to protect your financial investment with their plans.
When you purchase a policy with WedSafe, your coverage is arranged by a reputable firm with over two decades in the industry. Their mission is to make insurance protection easy to get *and* easy to afford. If you ask us, anything that saves you time and money is A-OK in our book.
Get your wedding insurance protection plan from WedSafe!
Protect your wedding & your investment, should the unexpected happen.
With WedSafe, you can enjoy your wedding day without worries thanks to their custom wedding insurance protections. Their affordable premiums start at just $75, so there are options to suit any sized wedding budget. If you want to see what it would cost to purchase a policy to protect your big day, visit their site to get an instant insurance policy quote online! Mark this important to-do off your wedding checklist today.
Are you getting an insurance policy for your wedding day? Why or why not?
Check out more fabulous wedding resources to help you prepare financially for your wedding day.
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WedSafe's Wedding Insurance coverage is brought to you by Aon Affinity, a division of Aon plc (NYSE: AON) – a leading global professional services firm providing a broad range of risk, retirement and health solutions. Working in the Affinity space since 1947 with more than 300 sponsor partnerships, we know what it takes to build a strong insurance program with customized solutions that meet clients’ needs.