Wedding insurance provides financial protection for potential problems that may arise during your celebration. There are two main types available:
Wedding liability insurance covers property damage or injuries that happen during your event. If a guest causes damage to the venue, like breaking a window after drinking too much at the open bar, liability coverage can help pay for repairs or replacements.
Wedding cancellation or postponement insurance can provide reimbursement if your ceremony or reception has to be canceled or postponed due to circumstances beyond your control, like extreme weather, illness, injury, or a vendor going out of business.
How It Covers?
Wedding insurance usually covers specific situations, but you have the option to purchase extra insurance riders for more coverage. Some common riders that you might find include:
- If you or your partner are in the military or active reserves and are called to duty, a military service rider would pay for the expenses of rescheduling your event.
- Wedding dresses and suits. If the shop where you purchased your wedding attire closes down, leaving you without your outfit or deposit, this policy will assist in paying for replacements.
- Regular bad weather. Wedding insurance covers cancellations or delays caused by severe weather conditions, like when you, your partner, or at least half of your guests can’t make it to the wedding venue. But for more typical weather conditions, like rain on your beach wedding day, the policy won’t cover you.
What Doesn’t It Cover?
Wedding insurance may not protect against all possible issues. Different insurance companies have different terms, but there are typically some things that are not covered.
- Generally, it does not cover cancellations or postponements due to cost. If you find that your wedding expenses have gone over budget and you need to scale back, the insurance policy will not reimburse you for lost deposits or other costs.
- If you or your partner decide not to get married anymore, your insurance usually won’t pay for the expenses of canceling the wedding.
- Regular bad weather. It covers cancellations or delays caused by severe weather conditions, like when you, your partner, or at least half of your guests can’t make it to the wedding venue. But for more typical weather conditions, like rain on your beach wedding day, the policy won’t cover you.
Make sure to carefully review the terms and exclusions of the policy before buying it to know what is included and what is not.
How Much?
Wedding insurance prices are determined by various factors;
- Your location
- The issuing insurer
- Coverage amounts
- Size of wedding
- Optional riders
Typically, a standard cancellation and rescheduling policy can range from $100 to $500. A basic liability policy offering up to $1 million in coverage for accidents or injuries is usually priced at approximately $125.
Comparing policy quotes from different insurance companies is a smart move. If you’re unsure where to begin, take a look at our recommendations for top wedding insurance providers.
Conclusion
Getting wedding insurance can protect you financially if anything goes awry during your wedding. Even though it can be expensive, considering the high cost of weddings nowadays, it could be a smart decision to make.
When planning a wedding, it’s smart to shop around for insurance early on. Look at different policies and prices from various companies, and make sure to carefully review the exclusions and restrictions since coverage can differ.