Whether the problem is a rained out reception, torn bridal gown or ruined flowers, it is not difficult to picture how wedding mishaps can ruin a ceremony or reception. Therefore, if you and your significant other are planning to spend a substantial amount of money on your big day, you may wish to consider wedding event insurance.
Understanding Wedding Insurance
Although the term may seem somewhat ambiguous, event insurance for wedding ceremonies is simply a one-time policy that covers you if something occurs that ruins or detracts from the success of your wedding day or if the ceremony must be postponed or canceled.
Do You Need Wedding Insurance?
The amount you are spending on your wedding is typically what determines whether or not such insurance is necessary. In addition, peace of mind means more to some people than others, and if you want the assurance of knowing you will be compensated if your big day is less than perfect, it will also play a role in your decision to purchase coverage of this type.
If you have a homeowner’s policy, you should check to see if it has a provision for weddings. Although this is not something most people think of on their own, it is not as uncommon as it may seem for such policies to provide coverage for social or special events such as weddings, even if they are not being held at home.
You may also be able to obtain compensation from your credit card company, if you purchased services or goods for your wedding and they were not provided as stated by the vendor. This is because problems with substandard goods or services provided for weddings constitute a breach of contract. Unfortunately, this occurs more frequently than you may realize. Problems under this category include issues such as the wedding cake not being delivered on time or your reception hall having been double booked. However, even if you have such coverage, it is likely not as foolproof as investing in cheap wedding insurance.
Although policies differ considerably from one company to the next, wedding insurance typically covers the rearrangement or cancellation of your reception or wedding due to illness, accident or other problems. Most policies also provide coverage for damage or loss due to theft, fire or accidents that damage the primary wedding outfits, flowers and cake, photographs, limousine breakdowns, legal expenses and personal liability. The amount you are allowed to claim if such things go wrong entirely depends on the amount of coverage you invest in prior to your wedding date.
Items Wedding Insurance Does Not Cover
There are certain things that most wedding insurance policies do not cover, such as either partner changing their mind about getting married. Additionally, if you simply decide you cannot afford to move forward with your plans, most insurers will not pay the claim. Honeymoons are not typically covered either, although certain companies will bundle certain aspects of a honeymoon under the wedding insurance. However, in most cases, a travel insurance policy is a better option with regard to your honeymoon. The cost of a wedding and event planning professional may or may not be covered. This is something you should remember to ask the representative, in the event the wedding planner fails to live up to his or her end of the bargain.
Most wedding insurance policies allow you to purchase coverage up to two years prior to the day on which your wedding is scheduled. However, regardless of the time frame, if you have decided you are interested in such insurance it always pays to inquire about whether or not it is too late to sign up. Certain companies allow you to purchase coverage at the last minute, providing you are not doing so because you have knowledge that something is already going wrong.
Making a Claim
In the unfortunate event that disaster strikes on the day of your nuptials, telephone your insurer with your policy number. In most instances, companies that offer such insurance want to be made aware of any possible claims within 30 days following the event. Therefore, even if you are planning an extended honeymoon and must make a claim, find a computer or telephone where you are and place the claim from your location. Fortunately, most ceremonies proceed as planned with nothing more than a minor issue or two. However, it is in the best interest of all consumers to at least consider wedding event insurance for optimum peace of mind on this unforgettable day.