27 Jan Getting Hitched Without A Hitch
Wedding planning has begun. No matter how carefully you plan, there are many things beyond your control that can go wrong. That’s where wedding insurance comes in. It can offer financial protection if certain unforeseen events occur.
What if your reception venue has a fire a month before the wedding and you lose your deposit and have to find another location? Or a hurricane forces you to postpone your destination wedding? Wedding insurance can provide reimbursement for non-recoverable items. For as little as $160 and no deductible, your wedding insurance policy can cover a variety of situations, such as:
No dress. You can get repair or replacement cost if the bride’s wedding gown or groom’s tuxedo is lost or damaged.
Lost deposits. You can receive reimbursement of your deposit if a vendor goes out of business, declares bankruptcy before your wedding, or simply fails to show up.
Lost rings. You can receive repair or replacement cost if the bride or groom’s wedding bands are lost or damaged.
Severe weather. If severe weather forces you to postpone your wedding you can receive reimbursement for non-recoverable expenses.
Transportation shutdown. If you need to postpone because a commercial transportation shutdown prevents the bride, groom, or immediate family from getting to the wedding you can receive reimbursement.
Ruined photos. IF the photographer’s film or data storage is defective, lost, or damaged insurance would help cover the cost to re-take new photos.
Call to duty. If the bride or groom is unexpectedly called up to active duty and forces a postponement you can receive reimbursement.
Damaged gifts. You can receive reimbursement if your gifts are damaged.
Sudden illness. If you need to postpone due to sudden illness of the bride, groom, or immediate family.
Typically wedding insurance does not cover a change of heart or cold feet. Also, while your wedding bands are covered under this type of policy, your engagement ring is most likely not.
With the rising cost of weddings today, insurance is needed more now than ever. The average price of a wedding in 2015 was $30,433 according to wedding stats.com. You wouldn’t think of buying a new car for that much without insuring it against damage, so why not wedding insurance?
However, before you purchase insurance you need to have a clear understanding of exactly what the policy does and does not cover, so it is advisable to talk it over with a reputable insurance agent. The VanDyke Group recommends The Wedding Protector Plan from Travelers Insurance. Call us to find out more.
Source: Travelers Insurance
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Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your medical professional or legal representative for information specific to your needs.