What If Five Reasons Why You Need Wedding Insurance
Gay Weddings and Marriage Magazine|Fall 2016

What do a new car and a wedding have in common? They both can cost upwards of $30,000 – and they are both way too expensive not to insure.

What If Five Reasons Why You Need Wedding Insurance

If you’ve started the wedding planning process, you know that costs can quickly add up. So why would you spend that much money without protecting your investment? While it’s somewhat of an obscure offering, several large insurance carriers offer wedding insurance (also known as special event insurance). With premiums starting at $160 and many policies that have no deductible, the peace of mind you can gain by purchasing a policy might be worth every penny.

Wedding insurance offers customers financial protection when certain unfortunate, unforeseen events occur. Policies can offer a variety of coverage to protect contracted financial expenses as well as liability, property damage and host liquor liability. Depending on the policy, wedding insurance can cover items such as lost deposits, unavoidable cancellation due to weather or military leave, lost or damaged photographs, host liability and more. It can help cover costs should something unexpected happen like a bankrupt banquet hall, torn wedding dress or a no-show vendor. Plans can reimburse you if an important item related to your wedding (for example, your ring) is lost or damaged before you get married. The plan can also reimburse you in case you lose your deposit if a vendor (for example, your florist) goes out of business before your wedding.

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