As the excitement of getting engaged subsides, people start thinking about planning their wedding. Whether you are planning a large wedding at a clubhouse or saying your ‘I dos’ on the beach with close friends and family, the planning is always stressful. With the cost of wedding in this current economic climate only rising, people are starting to wonder about how to protect themselves in the event of an accident. What if your wedding guest causes property damage to the venue you are getting married at, or even worse, ends up injuring themselves? Another issue people can run into is a venue closing after a contract is already signed, so who would cover the lost expense? Wedding insurance is the answer to all these questions and can protect you in case something unfortunate happens on your special day.
According to Atlantic Specialty Lines, the main reason everyone isn’t insuring their wedding is because most people are unaware of how affordable wedding insurance is. Most wedding packages can be insured for as low as $85, though rates are based on personal needs. Policies can cover a wide range of needs, including coverage for damage to the rented premises, rain date coverage, set-up and take-down coverage, and food and beverage product liability. The cost of weddings today can average $30,000 and with wedding insurance as low as $85, it doesn’t make sense not to have the coverage to protect you or a loved one on their special day.
One example of an insured who benefited from wedding insurance was Cheryl Winter. “She spent $500 to cover her daughter’s $50,000 destination wedding last October in New Orleans, where her biggest concern was a potential hurricane. The weather cooperated, but the limousine never showed up and they used the insurance policy to claim the deposit money they couldn’t get back from the limo driver,” according to the Northwest Herald.
So with all the planning that comes along with a wedding, planning ahead in case of a venue going bankrupt or the groom getting cold feet, you will be protected with wedding insurance. If your wedding day is coming up and you would have more questions about how wedding insurance can protect you, please give our experienced agents a call at Buttrey-Wulff-Mamminga.