Wedding insurance isn’t exactly the most romantic of purchases. Weddings are a big deal and a big investment. According to The Knot, the average couple spends $27,800 on the big day. You’re excited to get married but you wish you felt your plans were a little more secure.
Here’s where wedding insurance comes in. Think of it as a pre-prenup – something you want to have but hope to never use. If you’re hesitant to broach the subject with your soon-to-be spouse, consider the many reasons a wedding might have to be canceled. A case of cold feet isn’t the only catalyst for a disastrous walk down the aisle. Poor weather, cancellations and illness are just a few reasons you might need to save a different date. All these scenarios can be protected under insurance, too.
Weddings can be canceled due to inclement weather in practically any climate. A tornado might strike the day of your barn wedding. A tropical storm or hurricane would completely halt a beach ceremony, and a blizzard could keep guests from attending a winter wedding.
Just because you plan to love your partner through sickness and health doesn’t mean you should suffer the former during your wedding. Your fiancé could get food poisoning from their morning crab cake benedict. The grandmother of the bride might suffer a stroke and require hospitalization. Your future spouse might get in a skiing accident during his bachelor party and break his legs, and both of you are determined to dance at the wedding.
People might cancel for other reasons, too. The DJ might suffer a death in the family and have to attend a funeral. The caterer’s fridge might lose power overnight and all the food goes bad. The band might accidentally be booked twice for that evening. You have two options: carrying on with peanut butter and jelly sandwiches and an MP3 player or you can decide to temporarily postpone the wedding.
When you cancel a wedding, you don’t just lose a memory. You also lose your deposit money. Whether the wedding is off entirely or merely postponed, you can’t get that money back – that is, unless you have wedding insurance. Wedding insurance usually is referred to as special event insurance and doesn’t have to cost you much money. A basic policy might set you back little more than $100. More lavish weddings will require a more expensive policy, possibly up to $400.
Spending that extra money might seem like a burden, but gambling on your wedding going off without a hitch carries significant risk. Special event insurance costs less than losing your deposits and it also comes with the reassurance that you have a backup plan. Additionally, many venues require wedding parties to have liability insurance before booking. Also consider purchasing extra riders for high-value items, like dresses, tuxes, wedding gifts and even your honeymoon.
Some say that peace of mind is priceless. Instead of worrying about the financial burden of a wedding, special event insurance makes it so you can focus on what matters: happily celebrating a commitment to the person you love most.
This article was contributed by Shannon Casey, writer for HomeInsurance.com. With a background in comedy and playwriting, Shannon branched into blogging and marketing in 2011, writing for several national brands. She graduated from Hampshire College in Amherst, MA, in 2010 with a B.A. in Liberal Arts.
Photo by Rachael Grace Photography
Photo by Rachael Grace Photography