Do I Need Wedding Event Insurance?

December 12th, 2022

What is one benefit of having wedding event insurance?

Wedding insurance is a type of insurance policy that provides coverage for certain risks associated with weddings. These risks can include cancellation or postponement of the event; loss or damage to property; and liability arising from your wedding event activities.

A benefit of having wedding event insurance is that it can help protect you from financial loss if your wedding is canceled or postponed. For example, if you have to cancel your wedding due to severe weather conditions, you may be able to file a claim under your policy and receive reimbursement for some or all of your lost expenses.

Here are 7 reasons leaders recommend buying wedding event insurance:

Protects Against the Unexpected

Wedding event insurance helps to protect you against unexpected illness, cancellation, or vendors going out of business as well as damage if any of your guests were to get injured during your celebration. There are a wide range of policies to choose from, so make sure you purchase the right one for you. If you have a wedding planner, ask them to share the information available to them regarding the different policies. The last thing you want to be worrying about on your big day is the financial implications if something were to go wrong.

Melanie Edwards, Olipop

Do I Need Wedding Event Insurance

Covering Outside Vendor Equipment is a Major Benefit

Although most think of wedding event insurance as having benefits associated with covering cancellations or damages to the event site, maybe the most important is the coverage of third party players. Weddings can encompass everything from outside caterers to photographers, and they all utilize expensive equipment to perform their duties.

Damages to outside vendor equipment, sudden cancellation of vendors resulting in a forfeiture of deposits, or even alterations of contracts, can be covered by wedding insurance. When you think about items such as expensive photographic equipment, cooking and serving implements, or even the band’s musical instruments, there are many items that can be lost or damaged. Therefore, covering all of them, along with potential cancellations that encompass part of or the entire event, with wedding insurance can provide a sense of security and make sure you are protected.

Matt Miller, Embroker

Don’t Let the Flu Put You in Debt

Don’t find yourself up a creek if either the bride or groom tests positive for COVID or gets too sick to attend. The pandemic showed us how easily this can happen, and wedding deposits are far too expensive to take the loss and expect to simply reschedule the event for a later date. I remember how stressful it was leading up to my wedding and avoiding going out too long in cold weather the week before. The loads of vitamins I took before the wedding didn’t do much to ease my worry about getting sick on my big day. Insurance would have at least given me peace of mind that if I couldn’t get out of bed to say “I do,” the flu wouldn’t have placed me in unnecessary debt.

Monte Deere, Kizik

Reimburse for Expenses 

For many couples, their wedding is also an investment. Wedding insurance can help protect that investment by reimbursing them for expenses, including transportation, catering, venue rental, and photo or video services, in the event that their wedding is canceled or interrupted due to unforeseen and extreme circumstances, usually related to weather. The insurance can also provide financial protection under the liquor liability clause if drunken guests cause damage to the property or injure themselves during the festivities.

However, it’s important to note that while the wedding insurance typically covers wedding rings, any claims for lost, damaged, or stolen engagement bands will not be covered by the policy. As such, you may have to work with your jeweler or a company that specializes in jewelry insurance to get a separate policy for your engagement ring.

Ty Wilson, CustomMade

Do I Need Wedding Event Insurance

Cancellations Due to Bereavement

There are unfortunate instances when a couple may need to cancel a wedding due to a death in the family. If someone close to you dies near your wedding date, you may want to postpone it out of respect or simply because you’re not emotionally prepared to walk down the aisle. The right policy will cover weddings that are canceled or postponed due to bereavement and similar circumstances, just as it covers monetary loss.

Natalia Morozova, Cohen, Tucker & Ades, P.C.

Small Losses Are Covered Even if the Wedding is On

Although there are tons of benefits to having wedding event insurance, what really appeals to me is that it reimburses for the small losses as well, that have been damaged due to natural perils or other complications, in addition to major liabilities. Damage to wedding attire, re-taking of photographs, stolen gifts, etc., are all covered in the plan even if the wedding isn’t canceled. The purchase is hassle-free, easy to use, and offers high-quality reimbursements.

Brigid Davey, Nimble

Cover Sudden Job-Related Travels

Many people don’t realize that wedding event insurance can be a great way to protect your investment. While most think of it as a way to cover lost deposits, it can also cover you for a variety of other things. For example, if you have to cancel your wedding due to a sudden job-related trip, your policy will reimburse you for any non-refundable expenses. That means you won’t have to worry about losing money if something unexpected comes up. Wedding event insurance is a great way to safeguard your big day and make sure everything goes off without a hitch.

Jason Vishnefske, Santa Barbara Chocolate Company

No one wants to think about the possibility of something going wrong on their wedding day, but accidents happen and things can go wrong. That’s where wedding insurance comes in—it can help protect your investment if something unexpected happens. As you can see, there are many great reasons to get wedding insurance. Check the price of getting coverage for your wedding with a FREE quote from BriteCo today.

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About the Author

Dustin Lemick is the Founder and CEO of BriteCo and a third-generation jeweler with over thirteen years of retail jewelry experience. He holds a Graduate Gemologist degree from the Gemological Institute of America (GIA) and has in-depth knowledge and expertise in appraisal systems, diamond and gemstone markets, retail pricing models, insurance replacement models, and jewelry quotation pricing systems.
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