Getting Married? Is Special Event Insurance Right for You?

Planning a wedding is tough work. You are investing a lot of time and money into what could be the happiest day of your life. According to The Knot’s 2014 Real Weddings Study, the average cost of a wedding is more than $31,000 and engagements are typically 14 months long. That’s a lot of money for just one day.

What happens when something goes wrong, do you have a Plan B? What about all that money you spent to make your wedding special?

Will Special Event Insurance Cover My Wedding?

Special event insurance is commonly referred as “wedding insurance”. There are two types of special event insurance that could be available to you: cancellation and liability protection.

Special event cancellation coverage is set up to cover you from forces beyond your control. Some examples would be: natural disasters, unexpected military deployment and illness. So, if a storm blows through and there is no power to your venue, don’t worry, you could file a claim and get some of that money back.

Not only that, even if your wedding does take place, this insurance will help protect your photos, dress and tuxedos, even jewelry. Contact a local agent or read your policy to learn what types of coverage may be available to you.

Special event liability coverage protects you from anything that could happen that would find you legally responsible. Some examples: damage to the venue or injury to a guest. So if one of your guests trips and falls and needs medical attention, this will help pay medical bills. You can insure your reception for 24-to-48 hours and end after the reception. Coverage limits may vary by policy, so be sure to read yours so that you know how much coverage you have in place.

What Doesn’t it Cover?

Though wedding insurance could be very beneficial, there are some things it won’t cover. If there is a mix up with the caterer or wedding cake, maybe the photographer lost a few of your pictures, unfortunately these things wont be covered. If the wedding is cancelled because of cold feet or a change of heart, this type is not typically covered. You will likely not be reimbursed for any cancellation fees either.

What Else to Consider

Wedding insurance isn’t right for everyone. So if you are eloping, wedding insurance may not be right for you. But if you were planning a large wedding and reception, it would be a good idea to ask your insurance company how they can provide you with this special service.

Wedding insurance is there to give you peace of mind on your big day. All you will need to concentrate on is getting ready for the big day.

Source: Allstate