You’ve probably seen the movies in which a wedding goes drastically wrong. Maybe it rains, or even worse, snows, on an outside wedding. What happens if the baker drops the cake on the way out the door? Or perhaps, the absolute worst happens and the wedding gets canceled at the last minute. What you don’t see in the movies is the terrible aftereffects of such tragedies. Many times the bride and/or groom are left with a huge mess of a situation and no idea where to turn. Of course, you plan for everything else, why don’t you plan for the possibility that some of these things actually might happen? Wedding insurance is the umbrella that covers almost all things wedding related. From damaged gowns to no-show caterers, the insurance will cover the financial burden of coming up with unforeseen aspects of the wedding. Before you think that there is absolutely no way any of this will happen to you, consider the possible things that can go wrong. For example, one of the most common uses of wedding insurance is for postponements. How many non-refundable deposits do you have to put down for caterers, florists, reception hall and the like? How many of those do you think you’ll lose if you have to reschedule the wedding at the last minute? How often do you think weddings are postponed due to sickness, accidents, and last minute jitters? To think that you are immune from them may be a mistake you can’t afford. But will the insurance be worth the added cost? Nobody can answer that question ahead of the big event. The first thing that you’ll want to do is to find out how well covered you are by your renters, homeowners, or general liability insurance. Chances are, if it doesn’t happen inside your home, you will not be covered by renters or homeowners insurance, but will most likely be covered by general liability for damages.
Additionally, you should cover the contingency plan with your vendors. Ask them what happens if you have to postpone, or if the item they are supplying gets damaged, both by you and by them. That should give you a good indication as to how well you’re covered under different situations. You should then consider getting insurance to cover enough to make you feel comfortable. You have a lot to stress about, why should you worry if things out of your control actually go wrong? The whole idea behind insurance is so you can feel comfortable with your coverage, and that varies from person to person. If you find that you have no problem going through the process without any coverage at all, and you have the money to cover unforeseen circumstances, then you might not want to get the insurance. Otherwise, buy as much as you need and not a cent more.
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