Wedding Insurance Policy Basics

April 05, 2022

What is wedding insurance and why do I need wedding insurance?

The cost of a wedding can be considerable, and tying the knot often means being tied to specific dates and financial commitments with a variety of vendors.

A basic wedding insurance policy (or “core coverage”) can reimburse you for non-recoverable deposits and purchases if covered circumstances beyond your control cause your wedding to be postponed or canceled. It also helps provide protection against no-show or bankrupt vendors, damage to wedding attire, gifts and much more, including:

  • Postponement due to family illnesses or travel delays.
  • Military deployment.
  • Products or services that failed to arrive when promised, like flowers or food.
  • Bakers, caterers, bridal boutiques and wedding venues that go out of business.
  • No-show photographers, DJs, musical acts and other services.
  • Lost or damaged wedding rings, dresses and other attire.
  • Damaged wedding cake or spoiled food.

Working with an insurance representative, like us, to create a wedding insurance policy that helps address your individual needs and budget can help protect you and your loved ones against many wedding day mishaps.

As COVID-19 is a known infectious disease and presents circumstances that may reasonably give rise to cancellation and/or postponement of the event, coverage will not be afforded in any way for such circumstances.

How much wedding insurance do I need?

You should consider choosing a coverage level at least equal to the amount you would stand to lose if you were forced to reschedule your wedding at the last minute. Consider the cost of all purchases and deposits you have made for your venue, gown, wedding rings, caterers, entertainment, flowers, cake, invitations, postage and more.

Your insurance representative can help you determine which coverages and wedding policy limits best fit your needs and budget.

Examples of why you may need wedding insurance:

Becky and Aaron spent months planning their destination wedding to Cancun, Mexico. But on their wedding day, a category four hurricane made their reception site inaccessible. If the couple had the right wedding insurance policy, they could have been reimbursed for lost deposits. 

Cindy had just purchased her dream wedding dress. But when she went to pick up her dress a week before the big day, she saw an out-of-business sign in the window of the dress shop. With the right wedding insurance policy, Cindy could have been reimbursed for the money she lost. 

Kelly and Roberto enjoyed their beautiful wedding up until their photographer called to say their wedding photos were ruined during the development process. Having the right wedding insurance policy could have helped to cover the cost to retake the couple’s wedding photos.

When you or a loved one is ready to take that big step...make sure you have Peace of Mind for your special day.  Give us a call because we can help you with that!