Do you know what most couples don’t even consider buying for their wedding that is actually one of the most important things they need? Wedding insurance. Currently the average wedding in 2016 cost over $31,000. With so many negative scenarios that could potentially affect a wedding, brides and grooms should really consider protecting their big investment with wedding insurance.
So what is wedding insurance you ask? It’s insurance that protects a couple from circumstances out of their control. If your wedding venue goes out of business before your wedding, insurance would cover reimbursing you for what you’ve already paid to the venue. What if a vendor no shows on your wedding day? Insurance would cover a situation like this. Flying to your wedding location? If your wedding dress gets lost en route, wedding insurance would cover the cost of your dress. And most importantly, wedding insurance covers acts of God, such as weather that would prevent your wedding from taking place.
Many vendors carry their own insurance. Before purchasing your own policy, ask your vendors for copies of their current insurance policies. You may find that their insurance is sufficient and you don’t need to cover their services in your own policy, saving you money on your insurance premium. The average wedding insurance policy costs between $150-$550. That is a small price to pay to cover the big investment you will put into your wedding day.
Many companies offer wedding insurance policies. If your current insurance provider doesn’t offer wedding insurance, check with them about the option of purchasing a general liability insurance policy for your big day. A few companies that offer insurance policies specifically for weddings are:
Check out our blog for other helpful tips when planning your wedding!
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