How to Get Wedding Insurance

Monique Lhuillier, $5,830 at Mark Ingram Bridal Atelier

Finding Affordable Insurance
Planning a wedding can be very exciting. It is, hopefully, a once-in-a-lifetime experience, and you want to make sure everything goes according to plan. Unfortunately, any number of things could happen that create problems–and you may not be able to solve them all. That’s where wedding insurance comes in. Your special day may still be a disaster, but at least you’ll be able to recoup some of your expenses. Following are a few tips on how to get wedding insurance.

What Is Wedding Insurance?

Wedding insurance is like any other type of insurance–you take out a policy that will protect your financial interests in the event that something happens and your wedding plans are ruined, such as the hall you rented burned down or your dress was damaged during alterations.

Do You Need Wedding Insurance?

You don’t have to buy wedding insurance, but with the rising cost of today’s ceremonies, it may be worth considering. If your wedding is a more casual affair and isn’t going to cost a lot of money, then you may not be a candidate for wedding insurance. But if you plan an extravagant ceremony with lots of attendants and are renting a hall and spending a fortune on caterers, then you may want to purchase some form of wedding insurance. In the end, it is a personal decision that you will have to base not only on need, but on your financial situation.

If you’re the type that likes to take chances, then you may want to forget about getting a wedding insurance policy. However, for those who are more pragmatic you should keep in mind that wedding insurance is relatively affordable. A basic policy can be had for a couple of hundred dollars. Of course, as is the case with any type of insurance, the more coverage you have, the more expensive the policy will be. If your ceremony is going to cost $100,000, then spending a couple hundred on an insurance policy makes sense, and adding extra coverage because the loss would be tremendous if something goes wrong would not be unreasonable. But, if you’re simply going to stand on a beach without a lot of fanfare, then taking out wedding insurance may be a waste of money–you can simply reschedule or put up a pop-up tent if it rains.

Coverage Levels

If you decide that you would be better off having wedding insurance, then the first thing you need to do is determine how much coverage you will need. Decide whether or not you need protection against loss of luggage while traveling on your honeymoon or if the airline was delayed and you miss a connection. You may want coverage in the event the venue for your reception has a water leak and can’t be used or if the photographer you hired can’t make it. If the caterer you booked becomes ill, it could cause a disruption in your plans–if you have a wedding insurance policy in effect that would cover such a contingency, it could be invaluable coverage. Try and think of any possible problems, and then decide if you need coverage for that particular thing.

Shop Around

After you’ve determined what your insurance needs are, then it’s time to go shopping. Trying to find the right type of wedding insurance at a reasonable rate is no different than shopping for any other type of insurance. It would be a good idea to go on the Internet and check out some of the online insurance companies. You can get fairly reasonable rates from online companies. Fill out their forms and you will receive a quote, which can then be compared to quotes you receive from the more traditional brick and mortar insurance companies. Many people feel more secure talking to a voice over the phone or actually visiting an insurance company and talking to an agent face to face than they do with the relative anonymity of doing business online. Don’t forget to talk to your present insurer, if you have one, because the company you already do business with will more than likely be willing to meet or beat a quote you receive from another company so they can keep your business.

Guest post from Bailey Harris. Bailey writes for InsuranceQuotes.org.

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  • http://www.covermywedding.co.uk/ trishtic

    You don’t want to think about it but catastrophes can happen on your wedding day. Wedding insurance can protect your investments when circumstances beyond your control happen.