What is Wedding Insurance?
Why Get Wedding Insurance?
- Janet and Dan spend months planning their winter wedding. But on the wedding day, their reception site is made inaccessible by an ice storm. With the right wedding insurance policy, the couple can postpone their wedding and receive every penny they lost (less the deductible)—including money for the invites, cake, catering, attire and nonrefundable deposits for ceremony musicians, a floral designer and other vendors.
- The bride’s father is injured in a car accident just before the wedding and cannot travel. If the couple must postpone their wedding, with wedding insurance they could be paid back their expenses to enable them to have the wedding when the father recovers.
How much does Wedding Insurance cost?
Do you really need Wedding Insurance?
When should you get Wedding Insurance?
What does Wedding Insurance cover?
- Site: Check to see if your ceremony and reception site is already insured. If it’s not, wedding insurance can cover the cost arising out of unavoidable cancellation such as damage or inaccessibility to the ceremony site—if your reception hall is unable to honor your reservation because it has burned in a fire, experienced an electrical outage or just plain closed down. Sometimes this policy covers the rehearsal dinner site too.
- Weather: Any weather conditions which prevent the bride, groom, any relative whose presence at the wedding is essential or most of the guests from reaching the premises where the wedding is to take place. Insurance covers rescheduling the wedding and all the details involved, including ceremony flowers, tent rental and reception food.
- Vendor no-show: What if essential wedding people—the caterer or the officiant, for example—fail to show up? A wedding insurance policy usually covers cancellation or postponement of the wedding for these reasons.
- Sickness or injury: Wedding insurance may also include sickness or injury to the bride, groom or anyone essential to the wedding.
- Military or job: It’s true, military personnel may be shipped out at a moment’s notice. Wedding insurance can cover postponement of the wedding due to the bride or groom suddenly getting called to military duty. This can also apply to a last-minute corporate move, like the bride’s company suddenly relocating her to another city.
Wedding Insurance doesn't cover:
- A change of heart. In other words, cold feet don’t count.
- Watches, jewelry or semiprecious gemstones or pearls (even if they are attached to clothing) may not be covered.
- While your wedding rings may be covered by the policy, your engagement ring probably will not.
Additional Coverage:
- Photography: Some policies pay to retake the photographs after the fact if the photographer fails to appear or the original negatives are lost, damaged, stolen or not properly developed. Some policies will pay to restage the event with the principal participants so that pictures can be retaken. A policy may also pay costs for rehiring a photographer and buying a new wedding cake and new flowers.
- Videographer: When a videotape produced by a professional videographer is damaged (he or she used faulty materials, for example), a policy usually pays a certain amount to have either a video montage created, a video compilation made of the photographs and other wedding memorabilia, or, if possible, a retaking of the official video at a restaging.
- Gifts: Whether they’re mailed to your home or handed to you on your wedding day, valuable items like gifts are something else you might want to consider insuring. Think about a party crasher lifting unattended presents from your reception. Gift coverage pays to repair or replace non-monetary gifts that are lost, stolen or damaged. A police report is usually required for stolen gifts. The damage or theft generally must take place within a limited time period (ranging from 24 hours to 7 days, depending on the specific policy) before or after the wedding, in order to be covered.
- Attire: This coverage pays to repair or replace the bridal gown or other special attire when it is in your possession and is lost, stolen or damaged (including financial failure of the bridal store). Special attire usually includes the clothing and accessories bought or rented that are to be worn by the bride, groom and attendants at the ceremony.
- Personal liability: Personal liability covers bodily injury or property damage caused by an accident that occurs during the wedding (your best man trips and falls on his way up to the mic to roast you).
- Medical coverage: This covers reasonable medical expenses (up to the policy’s limits) for each person who is injured during the covered events from a cause of loss, which would be covered by your personal liability.
- Honeymoon: Your honeymoon can cost as much as a new car. But before buying travel insurance to protect your investment, see if your credit card and/or homeowner’s policy covers you if your luggage gets lifted, your trip is delayed, or you must cancel. If not, you can a buy separate, trip-only policy. Call your insurer or ask your travel agent for details. Also, certain wedding insurance packages include optional travel insurance for your honeymoon.