Let’s face it; planning your wedding day is a big deal. It is one of the most important days in your life and it’s only natural that you want it to be just right.
With so many emotions attached to this big event, it’s easy for costs to spiral, so it’s important to keep control of the finances and make sure that you don’t end up with an unexpected bill afterwards.
It’s also important to consider what would happen if something went wrong; a fire at the venue, a supplier goes out of business, etc. All of these things can lead to a disaster on your special day if you are not prepared, and this is where it makes sense to consider taking out Wedding Insurance
What are the key features of Wedding Insurance to look out for?
- Wedding Cancellation Insurance – No one likes to think about their special day being cancelled or cut short, but it happens, be it illness, venue failure, etc. If it does, there will be plenty of suppliers that still expect to be paid.
- Wedding outfits and attire - Accidents happen no matter how careful you are. Good Wedding Insurance will cover you for repairs or replacements to wedding outfits and accessories.
- Wedding rings – It’s not unusual for grooms who have never worn a ring before to suddenly lose their wedding ring, so it pays to make sure you have adequate cover for your rings and make sure you understand what rings are covered and how long for. Most Wedding Insurance companies will limit their cover to a fixed period before and after the wedding.
- Venue problems – These days you can get married pretty much anywhere and some of these venues are quite pricey, so what happens if your venue goes bust or suffers a major catastrophe. Wedding Insurance is designed to reduce your financial losses in these circumstances.
- Damage or loss of Photographs – In the event that the photographer doesn’t show up or suffers a failure of their equipment, most Wedding Insurance policies will offer some form of cover for the cost of re-taking your wedding photos or videos.
- Loss or theft of wedding gifts - Hopefully you will be showered with gifts and you will no doubt want to present gifts to your wedding attendants. Wedding Insurance will typically cover you for any damage or loss that occurs at the reception or during transportation to and from your home or your parent's home.
- Wedding transport – We all know cars can break down or get stolen, so if the vintage roller doesn’t show, Wedding Insurance should help you recover your losses and organise alternative transportation.
- Failure of suppliers – With so many suppliers contributing to your wedding day, it important to consider the risks involved should one or more of these suppliers go into liquidation or become bankrupt. A good Wedding Insurance policy will cover you for loss of deposits and any additional costs you have to pay to organise an alternative supplier.
- Wedding Liability Insurance – Many couples don’t realise that by hosting a wedding, they become responsible for the safety of their guests and even the actions of their guests. This could be one guest accidently harming another guest, or knocking over that antique vase at the venue.
- Legal expenses - Should you find yourself in a dispute with one of your suppliers, having suitable legal cover will help you with your legal expenses
There are also other optional extensions you may wish to consider, such as:
- Marquee cover - Quite often when you hire a marquee, you are responsible for any loss or damage that occurs, so this is an important option to consider adding to your Wedding Insurance policy.
- Ceremonial swords cover - These can be expensive to replace and some Wedding Insurance policies offer this option in return for an additional premium.
Finally when considering taking out Wedding Insurance, you should make sure that you are properly covered, so it helps to know how much your wedding is going to cost.
To calculate the cost of your wedding, try our handy little calculator:
Wedding Cost Calculator