How to Compare Wedding Insurance

Avoid letting your special day turn into a financial liability or lose a substantial amount of savings in case you have to cancel your event at the last minute. Offered through traditional insurance companies, as well as those that specialize in wedding insurance, the policies can cover everything from injuries that occur during your wedding to problematic vendors to stolen wedding gifts. Consider these tips when you want to compare wedding insurance to protect your investments.

Difficulty: Moderate

Instructions

1. Compare wedding insurance policies by asking your insurance agent if their company also allows you to get wedding coverage. Some companies may also call it "private event insurance." Insurance carriers such as Travelers, WedSafe and Firemen's Fund Private Event Insurance also offer coverage that specifically covers liability and losses relating to your wedding. Policy prices typically range from $100 to $1,000, depending on the coverage, so it pays to conduct a wedding insurance comparison to get the best rate.

2. Consider the elements of your wedding that you want to include in your wedding insurance policy when conducting a wedding insurance comparison. If your aunt is handling the flowers herself, for example, you probably don't need to include her as a vendor in your policy.

3. Work with the insurance agent to determine the level of coverage you'd like for areas such as personal liability and medical coverage in the event that someone is hurt during your wedding or insurance against stolen items ranging from your wedding dress to the gifts. Compare wedding insurance that also covers losses when businesses and venues go out of business or hefty cancellation fees in case you need to cancel because of the weather, a fraudulent caterer or florist or sickness that prevents you or your fiancée from attending the wedding.

4. Look into insurance wedding details and compare wedding insurance policies as soon as possible to ensure it will cover problems that occur up until the big day. Insurance agencies will typically allow you to get wedding insurance policies as soon as you've made at least one financial commitment toward your wedding (such as a deposit on a reception site or purchase wedding rings or a dress).

Tips & Warnings

• Note that even if you compare wedding insurance and security a policy, the benefits won't reimburse your losses if you cancel the wedding simply because you change your mind.