The day you look forward to your whole life and spend months, or even years, planning for could be ruined in an instant. Your cherished wedding song could turn into the wedding day blues if things go wrong. No matter the amount of time spent preparing for your big day, events can happen that are out of your control. Purchasing wedding insurance protects your financial investment against unforeseen events.
There are two options to purchase: wedding liability and wedding cancellation coverage. Most wedding venues require you to carry wedding liability insurance. This covers both yourself and the venue in the case of bodily injury or property damage that occurs during the reception. It’s written on a commercial general liability form giving you both liability protection as well as damage to the property being rented. You can choose an occurrence limit of $500,000 up to $5,000,000. Coverage is extended to the rehearsal dinner, wedding ceremony, and reception as long as all events are held within 48 hours of the ceremony. There is also a 24-hour extension on either end for protection during set up and teardown. There is no waiting period for wedding liability insurance so it can be purchased up to the day of your wedding.
Wedding cancellation insurance is also a coverage that should be considered. It’s normally not required, but carriers could potentially offer you a discount on both if you purchase cancellation and wedding liability insurance together. Cancellation coverage would offer protection if the wedding is canceled or postponed for a covered reason and for damage to covered property such as wedding rings, photos, etc. Coverage for canceling or postponing can be due to severe weather, venue bankruptcy, or illness/death. A natural disaster such as a hurricane, earthquake, or flood could damage or destroy your wedding venue or a loved one could become ill. Cancellation insurance may help if any of these unforeseen events occur. You can choose from several limits for lost deposits from vendor bankruptcy, damage to wedding photos, your wedding gown, and any nonrefundable deposits you may lose if forced to postpone or cancel.
There are several carriers offering this coverage. My suggestion would be to do an internet search for those available in your area. You can also purchase this coverage online.
Don’t let an unexpected event cause your heart or bank account to break. Consider wedding insurance to provide protection to you and your family!