01 Jun Should You Get Wedding Insurance?
Wedding season has arrived! Couples are dreaming about their perfect day. However, have they thought about what could possibly go wrong? Unfortunately, unwanted misfortunes can happen on your special day and you want to make sure you are prepared.
Here are some possible scenarios:
- Sam and Casey spent months planning their winter wedding. On their wedding day, their reception site was inaccessible due to a blizzard. With the right wedding insurance policy, the couple can postpone their wedding and receive every penny they lost (less the deductible)—including money for the invites, cake, catering, attire, and non-refundable deposits for ceremony musicians, a floral designer, and other vendors.
- The maid of honor is injured in a car accident just before the wedding and cannot travel. If the couple has to postpone their wedding, with wedding insurance they could be paid back their expenses to enable them to have the wedding when the father recovers.
- Right before the ceremony, Lynn’s gown catches a gust of wind. Unfortunately, the tulle flies right into an outdoor fire pit, and the dress instantly goes up in flames. Fortunately, the right insurance policy covers the replacement of the veil and gown.
Having a wedding is a large event and there are a lot of moving pieces. From the florist and guests to the venue and weather, many issues can arise. Fortunately, there is insurance available to help manage the risk and lessen the blow on your perfect day.
Let’s face it, things happen, but at least you will have the peace of mind knowing that you are covered if and when a disaster arises. Travelers Insurance released some interesting statistics that listed the top causes of wedding insurance claims.
- 44% involved vendors who were hired and didn’t deliver as promised
- 28% involved property damage to the venue that was related to the wedding
- 8% resulted from sickness or injury to the couple or a member of the wedding party, resulting in a postponement or cancellation.
- 6% of claims were things like unexpected military deployments and “problems with the bridal party attire.”
Wedding insurance runs anywhere from about $95 to more than $500 depending on the amount of coverage needed. We recommend purchasing enough insurance to cover what you would lose in a worst-case scenario if the wedding needs to be canceled or rescheduled for some reason.
Just keep in mind that there is one thing insurance won’t cover, and that is cold feet. Our advice… call SAVA Insurance Group today to see what plan is right for you. We want you to focus on your special day, and let us take care of the mishaps!