Your wedding day is one of the most important days of your life, but unexpected events can happen that are beyond your control.
Wedding insurance can help protect you from financial loss due to unforeseen circumstances such as extreme weather, vendor no-shows, or even illness.
Learn more about wedding insurance and how it can give you peace of mind on your big day.
What is Wedding Insurance?
Wedding insurance is a type of insurance policy that provides financial protection for couples in the event of unexpected circumstances that could cause them to cancel or postpone their wedding.
It can also cover damages or losses that occur during the wedding, such as damage to the venue or stolen gifts. Wedding insurance policies vary in coverage and cost, so it's important to research and choose the right policy for your specific needs.
A wedding insurance policy can provide financial protection against unexpected events on the big day.
Marital liability insurance can cover injuries or accidents that occur during a ceremony or reception.
Wedding cancellation or rescheduling insurance can reimburse you for costs incurred if your wedding has to be canceled or postponed due to bad weather, injury, illness or problems with vendors.
Marriage liability insurance starts at about $125, and wedding cancellation and reschedule insurance starts at about $100.
Wedding Insurance Riders
Wedding insurance usually covers special circumstances, but you can purchase optional coverages for additional coverage. Common endorsements that may be available include:
Military service. If you or your partner is in the military or active reserve and is called up, a military service jumper will cover the cost of your event rescheduling.
Wedding dress and tuxedo. If the store where you bought your wedding dress or gown goes bankrupt, locking you out without a wedding dress or a deposit, this endorsement will help you cover the cost of buying new clothes.
Honeymoon. If you have to cancel your honeymoon due to bad weather or illness, the honeymooner can reimburse you for your travel expenses.
What Doesn’t Wedding Insurance Cover?
While wedding insurance can provide peace of mind and financial protection for unexpected events, it's important to note that not all situations are covered.
For example, if a couple simply changes their mind and decides not to get married, that would not be covered by wedding insurance. Additionally, pre-existing conditions or illnesses that result in cancellation or postponement may not be covered.
It's important to carefully review the policy and understand what is and isn't covered before purchasing wedding insurance.
How Much Does Wedding Insurance Cost?
The cost of wedding insurance varies depending on the coverage options selected and the total cost of the wedding. On average, wedding insurance can cost anywhere from $150 to $600.
However, the cost may be well worth it in the event of unexpected circumstances such as severe weather, vendor no-shows, or illness. It's important to shop around and compare policies to find the best coverage for your specific needs and budget.
Liability Coverage.
One of the most important reasons to have wedding insurance is for liability coverage. This type of coverage protects you in case someone is injured or property is damaged during your wedding.
For example, if a guest slips and falls on the dance floor or a vendor accidentally damages the venue, liability coverage can help cover the costs of any legal fees or damages. Without this coverage, you could be held personally responsible for any expenses related to the incident.
Peace of Mind on Your Big Day.
Your wedding day is one of the most important days of your life, and you want everything to go smoothly. Unfortunately, unexpected events can happen, such as extreme weather, vendor no-shows, or even a sudden illness.
Wedding insurance can provide peace of mind knowing that you're covered in case of any unforeseen circumstances. With the right coverage, you can focus on enjoying your special day without worrying about the what-ifs.
Does wedding insurance cover gifts?
A basic wedding insurance policy doesn’t typically cover lost or stolen gifts unless you add a wedding gift rider to your insurance plan when you buy it.
Does wedding insurance cover breakups?
Unfortunately, wedding insurance typically doesn’t cover cancellations due to the couple splitting up.
Where can I buy wedding insurance?
Wedding insurance is sold by some major insurance companies, as well as by companies that specialize in this particular niche.
A wedding insurance policy can help cover costs should something go wrong on your big day. Insurance policies can cost hundreds of dollars for a typical ceremony, but given the cost of an average wedding today, the investment may be worth it.
It is wise to purchase wedding insurance as soon as you begin the planning process. Compare rates with other companies' policies and read the exclusions and limitations carefully as what policies do and don't apply differ.