Your wedding day should be one of the happiest days in your life. However, if your wedding day has to be postponed because of things that are out of your control, your dream wedding may never happen. This is because you may lose all of the deposits or money you put down if you have to change the dates. This is where wedding insurance comes in. If you have never heard of this before, you may have many questions. Here are a few frequently asked questions about wedding insurance.
What is Wedding Insurance?
Wedding insurance helps to protect the investment you have made into your wedding. If the wedding has to be called off because the bride, the groom or someone important to the wedding gets sick or injured, or because there is a major weather event in the area, the insurance policy kicks in.
What Are the Benefits of Wedding Insurance?
When you are planning a wedding, you know that you have to put down many deposits. You have to put a deposit down for the venue, wedding reception site, wedding cake, photographer, DJ and to the company you are renting tables, chairs, linens and dishes from. Many times, these deposits are either non-refundable or only refundable if requested within a certain period of time. If you or your spouse are injured in a car accident, sick or there is a fire that is causing evacuations near the wedding site, you can’t go on with the wedding and you may lose all of these deposits. The insurance helps pay for these losses, so you are not out any money.
Does Wedding Insurance Cover Losses Related to Either Party Calling it Off?
No. Wedding insurance is only for situations that are out of both parties control. If the couple breaks up or the wedding is called off for anything that is not a medical emergency or a weather-related event, insurance will not pay.
Deciding whether or not to buy wedding insurance is a big decision. After all, you are already spending a lot on your wedding so may not want to spend any more money if you do not have to. However, should the unthinkable happen, you may be out money and may never again be able to afford the wedding of your dreams? Wedding insurance helps you get the money back in an emergency situation so you can move forward with your wedding at another time.