If you’re planning a wedding, the last thing you want to think about is insurance.
You figure everything will work out just the way it’s supposed to. There is no question of the love you and your fiancé share and your intention to spend the rest of your lives together.
There are times, though, when things happen that are out of your control.
Your reception hall might go out of business with no warning.
You might lose a deposit from a vendor.
There could be a weather event that prevents you from having a beachfront ceremony, forcing you to postpone the date.
Your photographer could also lose your pictures, or wild party guests could cause damage to the reception hall, leaving you with the bill.
All these scenarios could cost you time, money and a lot of aggravation on what should be the happiest day of your life.
Fortunately, insurance is available to give you a safety net. Several insurance carriers have attractive, comprehensive plans that are very affordable.
The coverage comes on one policy. Property coverage includes cancellation/postponement, photo/video expense, gifts, special attire (like your dress), special jewelry and loss of any deposits. You can choose the level of protection you need for a cancellation or postponement. Limits range from $1,500 to $175,000.
Limits for other coverages listed are a percentage of the cancellation/
postponement amount. They range from $3,000 to $3,500 each.
Some carriers will also include a sublimit for professional counseling, if desired.
It is also important to add liability coverage. Your reception venue may ask for proof of this coverage.
This will provide protection for you should someone in your party cause injury or damage to someone or the venue itself.
Your wedding day is a very special day. Including insurance as part of the planning process will give you the peace of mind you deserve to focus on what really matters.