It’s easy to become caught up in the romantic details of planning your wedding day, but with the average wedding costing $25,000, it is also one of the most expensive life moments you’ll ever plan. With every cost from your reception venue to your wedding veil, it might make sense to protect your special day with wedding insurance.
But first, what is it? Much in the same way you’d take out insurance for your house or car, wedding insurance policies will reimburse you in case of unexpected damages and dangers that might arise before or on your wedding day. General policies cover a wide range of issues, from no-show officiants to your venue closing down days before your nuptials. What if your dress becomes damaged on the day? What if illness requires the wedding to be postponed? Wedding insurance will reimburse you for your deposits and help cover otherwise great costs.
It may seem like an added expense and hassle, but with general policies ranging between $200-500 on average, wedding insurance is relatively inexpensive and can save you money should something go wrong. That’s not to say you should worry about everything that might ruin your wedding, but instead, you can protect yourself against elements outside of your control. For example, destination weddings run a greater risk of mishaps that are harder to fix far from home. It makes sense to have a safety cushion, just in case.
It is also important to note where you are already covered. Venues will have their own liability policies, or your own backyard should be covered with homeowner’s insurance. Find out what is and isn’t covered, and decide if you require extra wedding insurance. Also, be sure to confirm exactly what you are getting with your policy: for example, wedding insurance doesn’t cover “cold feet” or lost engagement rings.
Ultimately, you should feel comfortable and confident with whatever policy you choose (or don’t choose!) Planning your wedding is a huge investment, both financially and emotionally, and wedding insurance is a tool to help protect your special day and give you peace of mind.
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Heather Attewell is an intern with The Wedding Planner Magazine and expecting to soon graduate from Centennial College’s Publishing, Book, Magazine and Electronic program. She has an undergraduate degree from the University of Toronto, Mississauga, specializing in English Literature.