What is common between weddings and insurance policies?

Someone asking this question is liable to be considered mad. But as it turns out, you can also ensure your wedding! Being a couple means a lot of mutual financial matters and wedding is a start of it.

Of course, you are not going to get coverage if your bride runs away! But pretty much everything apart from it can be covered with a wedding insurance policy.

What’s the thing about wedding insurance?

Many companies in Canada have started offering insurance policies for weddings. You can get coverage for different wedding related items like bridal dress to cancellation of the wedding. The nature of policies and items covered vary from company to company.

You can also get a complete wedding insurance package that covers a huge number of items and scenarios.

Why would you need wedding insurance?

On an average a wedding costs around $25,000, if not more. Couples plan for a long time, sometimes even a year before they finally tie the knot.

There are many things that can go wrong on the big day. Starting from damage to property to vendors dropping out, you can experience financial loss in many ways. The insurance ensures peace of mind for the wedding couple and compensates for any financial loss. In our time, it is better to make yourself safe in everything related to finances. This includes even the entertainment business. In order not to get into a scrape in such matter as gambling, it is recommended to select a proven game provider using, for example, NBSO casino online activities website, providing useful information about all trusted gambling sources (si vous parlez français est recommandé de sélectionner les meilleures sources de jeu en utilisant le site web des activités casino en ligne et de vérifier les informations utiles).

Sometimes the wedding venue that is rented will require the couples to be insured. A Stand Alone Liability policy can be used in this case. You will be covered for property damage and bodily injury if a third party claim is made.

Wedding insurance offers the added comfort for the couple and the guests.

What items are covered in wedding insurance?

The items covered differ from company to company. Under a complete wedding insurance package you can get many things covered-

• Cancellation of the wedding
• Damages to property, items like wedding attire, rings and rentals
• Event liability and host liquor liability
• Failure to produce wedding photos and videos
• Suppliers failing to provide their goods or services (caterer not delivering food, DJ not showing up)
• Damage or loss of wedding gifts, stationery and other items (certain items can be excluded)

Couples can also buy separate policies like a cancellation policy in case the wedding is cancelled or postponed. Many insurance companies offer the event liability and host liquor liability which might be sufficient for some people. The Stand Alone Liability is also suitable for couples who are on a budget.

How much does wedding insurance cost?

The insurance premium you will need to pay will be determined by the budget and size of your wedding. Depending on the number of guests and items under coverage, a Stand Alone Liability can cost anything from $165 to $600.

Your premiums in case of complete wedding coverage will increase with your budget. You can expect the premium to range between $300 and $2,200.

When can i buy wedding insurance?

You can purchase the insurance 1 year ahead of your wedding. Some companies even sell their insurance 30 to 3 days prior to the event.

It’s better not to put it till the last moment if you decide to insure your wedding. Talk to your broker, compare plans and pick the one which you need.