6 Essential Tips on Getting Wedding Insurance - Bridal Club Cafe Blog

Wedding Insurance – 6 Essential Tips on Why to Get a Policy

A wedding day is one of the most important events in your life, and it’s important that you plan and prepare for every eventuality. The cost of a typical wedding can be more than half a year’s salary, and the expense can escalate if things go wrong. Wedding insurance is an effective way to protect yourself against a wide range of financial risks associated with your wedding day.

A wedding day is one of the most important events in your life, and it’s important that you plan and prepare for every eventuality. The cost of a typical wedding can be more than half a year’s salary, and the expense can escalate if things go wrong. Wedding insurance is an effective way to protect yourself against a wide range of financial risks associated with your wedding day.

“Compare different policies carefully to ensure you're adequately covered!”

1 - Start a policy early.

You should take out a wedding policy as soon as you start to book and pay deposits for things related to the wedding. This will ensure you are protected against things like the venue letting you down or the cake decorator going out of business. If you aren’t insured before these things happen, any financial losses will come out of your own pocket. You can arrange a policy when the wedding planning is in the later stages, but you won’t benefit from coverage for services booked prior to the policy being enacted.

2 - Compare policies carefully.

As with all insurance policies, coverage under wedding insurance products offered by different insurance companies can vary. An insurance comparison service is a great way to test the market, but check a policy wording carefully before choosing a product and compare different companies and policies to be sure you get the best value for your investment. Premium policies can include coverage for problems relating to the weather, such as guests not being able to reach the wedding venue. Some of the more basic policies will exclude this type of coverage. Some policies include redundancy protection coverage, and this can be very useful if the Bride or Groom lose their job as the wedding approaches.

3 - Understand what’s NOT covered.

All insurance policies have exclusions, and it’s important to understand what these are for a wedding insurance policy. If you are having a marquee for the wedding reception, this may need special coverage. It’s not usually possible to claim on a wedding insurance policy if the Bride or Groom has a change of heart about getting married. Any medical conditions or illnesses which were known about before a policy is taken out will generally be excluded from coverage too. A separate travel insurance policy is usually required for a honeymoon following the wedding, and this isn’t part of the wedding insurance package. Things like coverage for fireworks displays at a wedding reception are usually excluded under most wedding insurance policies.

4 - Start the claim process promptly if something happens.

Advise the insurance company as soon as you become aware of any circumstances likely to give rise to a claim. Most policies state a time period in which you must initiate a claim, and waiting to make a claim for too long may mean the policy won’t cover your loss.

5 - Keep complete records of your wedding expenses.

A claim will need to be supported by appropriate evidence, and being organised can make things much easier. Keeping good records of all costs and bookings related to your wedding makes it easier to collate and submit a claim.

6 - Check to be sure your ‘public liability coverage’ is adequate.

Public liability is one of the most important sections of a wedding insurance policy. Injury of a guest or accidental damage to your wedding venue could lead to an expensive legal case, and public liability coverage can protect you against this. Some wedding venues specify a level of public liability that you must have in place, so check that your policy meets this requirement.

Wedding insurance can be a wise investment for any couple planning to marry. Compare the options and read through the policy carefully to be sure it covers everything you need. The right policy will protect you against a wide range of financial risks associated with your wedding day and could be well worth the cost.

This article authored by The NW Wedding Directory of www.NWWeddingDirectory.com the complete locally focused directory of wedding merchants and vendors in the Pacific Northwest

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