A How and Why Guide to Special Event Insurance for Your Wedding

After you got engaged, you probably jumped right into planning your big day in order to make sure it goes as perfect as possible. However, one thing that likely hasn’t crossed your mind is purchasing wedding insurance. It’s not the most romantic subject, but it is something you should consider for an event as big as a wedding. Most weddings are both financial and emotional investments so when you think about the costs involved, paying a few extra bucks to have peace of mind on your big day is no question.

What is Wedding Insurance?

Wedding insurance is a kind of special event insurance. People often purchase wedding insurance in order to protect themselves in the event of cancellation or postponement. They also take advantage of it in order to protect themselves against any liabilities that can be associated with the wedding.

According to experts, purchasing wedding insurance is ideal to do as soon as you start planning the big day; however, some agencies will develop a coverage plan up to 24 hours before your wedding.

Every company is different as far as price since it is considered to be a non-standard policy. Prices can average from $200-1,000 depending on the scope of the event.

What Does it Cover?

There are 2 different types of wedding insurance policies that you can choose from: liability and cancellation.

Coverage can vary from policy to policy, but the basic liability insurance covers:

• Guest Injuries
• Vendor Issues
• Liquor Liability
• Damage to the Venue
• Lost or Stolen Items

Your liability insurance can also cover cancellation, or it can be available as a separate policy. It can protect you if you need to cancel or postpone your wedding in case it cannot be held on the day that you had scheduled it due to circumstances beyond your control. These include family emergencies or inclement weather.