Wedding Insurance Comparison
Wedding insurance acts as protection in the event that a wedding must be canceled or postponed. While many couples do not purchase wedding insurance, the insurance can be a lifesaver in the case of a wedding-related emergency. According to the website, The Knot, pricing for wedding insurance can range from $155 to $550, depending on the insurance company and the type of coverage you choose. For example, a couple may choose liability insurance, weather-related insurance, honeymoon insurance or a combination of these and other coverages.
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Coverage for Emergency Situations
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Wedding insurance, in general, covers emergencies that may cause a wedding to be canceled or postponed. For example, most policies cover weather-related emergencies or family emergencies, such as the death of a family member immediately before a wedding. Most insurance plans, including the Wedding Protector Plan, cover emergencies of this type.
Coverage for Cold Feet
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Most wedding insurance plans do not cover wedding cancellations when the bride or groom has a change of heart. However, a plan like RVNA's does cover the costs of wedding cancellations due to cold feet -- but only for innocent parties. For example, if the bride's parents pay for the wedding and the bride and groom call it off, the parents will be reimbursed. However, if the bride and groom pay for and cancel the wedding, they will not be reimbursed. NASEP Insurance also covers cold feet.
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Coverage for Injuries and Property Damage
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For a premium or as its own policy, a bride and groom can purchase liability insurance. Liability insurance will cover injuries that occur at events such as the rehearsal dinner and the wedding. Liability insurance also covers property damage. Tycho Event Insurance provides this type of event insurance.
Coverage for the Honeymoon
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Honeymoon insurance can be purchased as part of a wedding insurance package or on its own. This insurance covers you if your honeymoon is canceled or postponed due to weather-related or other emergencies beyond your control. Companies like Travel Guard can provide travel insurance for your honeymoon.
Coverage for Missing Vendors
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Wedding insurance policies may cover situations such as the a photographer or officiant not coming to a wedding. The insurance policy will cover the cost of finding a last minute replacement for the officiant or photographer, or the cost to cover a rescheduled photo shoot.
Coverage for Ruined Items
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Items like rings, wedding dresses and tuxedos may be destroyed or damaged. Wedding insurance can cover the cost of replacing these items, even in last minute situations.
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References
Resources
- Photo Credit wedding image by Mat Hayward from Fotolia.com
