If you have seen a thing or two, you know the gremlins can strike at any time. Having wedding and event insurance can help safe guard you against unexpected costs that may arise from events that fly out of left field.
Here’s some information for ya’ll on wedding and event insurance to help you decide whether or not you want to purchase coverage… We highly recommend that you at least look into it!
When it comes to events, there are generally two types of insurance: 1) wedding cancellation and 2) liability.
Wedding Cancellation Insurance
Wedding cancellation insurance provides protection from lost deposits or non-refundable payments and covers your wedding against
unforseen circumstances or extreme situations that might cause postponement or event cancellation, such as:
- Vendor bankruptcy
- Accident or illness
- Acts of mother nature including extreme weather such as hurricanes and flooding
- Venue and reception hall Fire
- Military Deployment
Cancellation insurance also protects you against financial loss if the event goes on but you have a glitch or two along the way including:
- Lost wedding rings
- Vendor no-shows
- Lost or damaged wedding gifts
- Lost photographs
- Damage to your wedding gown, tuxedo rentals, etc.
For the most part, you can select the amount of coverage you would like, but generally, insurance companies will recommend coverage specific to what you expect to spend on your wedding. Wedding cancellation insurance policies typically start at $130.
Liability Insurance
Some venues have a mandatory requirement for purchasing of liability insurance. Liability insurance helps protect you if someone causes property damage to the venue or if someone gets injured at your event. Liability policies typical start at $75.
You can find more detailed information and pricing on the websites listed below. However, insurance agents are the most knowledgeable on the policies they provide, so they’ll be the best source of additional information. Please direct any questions or concerns you have to them directly. You can also speak with your personal insurance agent to see if they offer wedding or event insurance.
Recommended Wedding and Event Insurance Companies