What is Wedding Insurance?

Wedding Insurance is exactly what it sounds like – an insurance policy that covers your wedding and financially protects you against misfortune and mishap. Wedding Insurance policies are relatively inexpensive – a basic policy costs between $125 to $500 – and can help you have peace of mind.

Is Wedding Insurance Right For You?

The decision to purchase Wedding Insurance is a highly personal one – a financial decision that is an additional cost for your wedding budget, but will protect you from unforeseen disasters and mishaps. As the average cost of weddings rises, now $27,000 in the US, wedding insurance becomes more of a necessity. After all, you wouldn’t buy a new car that cost that much without insuring it against damage. If you are having a less expensive affair, or are a couple that likes to live with risk, perhaps you’ll decide to forgo the insurance. Keep in mind that you can get a less expensive policy that will only cover either a more intimate affair or a specific risky part (such as if you’re worried about your luggage getting lost en route to your destination wedding; wedding insurance could cover the cost of quickly replacing your gown and tuxedo.)

What Wedding Insurance Policies Typically Cover

(Be sure to read the fine print of your policy to make sure they cover these things!)

• Weather If your celebration has to be postponed because of rain or other bad weather, your policy should cover the cost of rescheduling.
   
• Illness or Injury If essential people get sick or injured and cause the wedding to be postponed, the expenses involved with that postponement are covered.
   
• A Missing Officiant If your minister, justice of the peace, rabbi or other celebrant should be a no-show, you’ll recoup some of your costs.
   
• Missing vendors Similarly, if your caterer, florist, photographer, or other key vendor is missing in action, you’ll recover some costs and possibly the costs of rescheduling the whole thing.
   
• Your Location If your ceremony and reception sites don’t already carry their own insurance, your wedding insurance policy can cover damage to the site, fire, electrical or mechanical problems, or going out of business that causes you to lose money or have to reschedule.