When you start organizing a wedding, you’ll find that the list of items you’ll need on the big day grows and grows (as the budget goes up). With so much money on the line and so much on the line, it’s no surprise that one of the most often questions we get is, “Is wedding insurance worth it?” I know it’s not the most exciting part of wedding planning, but it’s important to know your alternatives in case something goes wrong. Wedding insurance, like any insurance, can appear confusing at first, but it’s actually pretty simple once you know what level of coverage you want. Today, I’ve compiled all of the information you’ll need to make your decision about whether or not wedding insurance is right for you a little bit easier…
What Is Wedding Insurance?
- Wedding insurance protects you in the event that something goes wrong with a pre-arranged wedding service before or on your wedding day. Wedding insurance may cover your wedding providers from the moment you put down a deposit, as well as your wedding gown and location, which together make up the majority of your wedding costs. Wedding insurance can also cover things like your wedding rings, your wedding transportation, your wedding gifts, your wedding cake, and your wedding photos.
- Most policies allow you to purchase wedding coverage up to two years before the big day, but it’s not too late if you’re getting married in 2014. You’ll still be able to get insurance if you’ve already paid for the reception and other expenses – and you’ll know exactly how much to insure your wedding for.
How Much Does Wedding Insurance Cost?
- Coverage fees range from roughly 50 to over 300 – 2000 in some situations, depending on the degree of coverage you require.
- Create a spreadsheet with either actual costs or realistic projections for your wedding expenses to help you estimate how much you should pay. Calculate how much you’ll spend on each item, as well as what you believe should be covered, and then pick a policy that covers everything on your list for the proper price for each item.
What Does Wedding Insurance Cover?
The terms of each Wedding Insurance policy vary, as they do with other types of insurance, but most policies cover many of the same areas. The amount you can claim in the event that something goes wrong is determined by the level of coverage you selected, but the following are the broad areas covered:
- Wedding insurance covers the costs of canceling or rescheduling a wedding or celebration due to an accident, illness, or bereavement among the wedding party, or if a vendor goes out of business.
- Most plans also cover loss or damage to the major wedding attire, gifts, rings, cake, and flowers (due to accident, fire, or theft), as well as the cost of having to retake images and film, failure of wedding cars, and personal liability and legal expenditures.
- Most insurers will let you add coverage for things like marquees and public liability.
What’s Not Covered by Wedding Insurance
Remember that, like other types of insurance, most wedding policies will have an excess (a sum you must pay in the event of a claim), so keep this in mind when deciding whether or not to purchase wedding insurance. Will the insurance be worth it for the items you are concerned about? Keep in mind that certain goods are often not covered:
- If you decide you can’t afford to follow ahead with your plans, you won’t be able to file a claim.
- The majority of insurers have stringent theft policies, so double-check what’s covered. Some policies, for example, will not cover the theft of a bridal gown from a vehicle unless it was locked in the boot.
- Honeymoons are not covered by default, though some providers will include them in their packages (at extra cost).
- Get your engagement ring appraised and insured as part of your household insurance policy or independent jewelry insurance.
Other Ways You’re Covered
Depending on your budget, you may not believe that your wedding warrants additional insurance coverage. Even if you choose to go it alone, there are a few options for getting assistance if something goes wrong.
- Weddings may be covered under your homeowners insurance policy, or you may be able to purchase a policy that allows you to expand your coverage for weddings. If that’s the case, see what’s covered and whether it’s less expensive than separate wedding insurance policies. (It’s best to double-check your personal policies to determine what they cover.)
- If you paid for something between 100 and 30,000 using a credit card, you are covered if something goes wrong.
Is Wedding Insurance worth getting?
Wedding insurance protects you financially in the event that something goes wrong on your wedding day (or the lead up to it). Its primary purpose is to act as a safety net in the event that your wedding must be canceled or postponed. For example, if you become ill on the wedding day, your wedding location may not be able to reimburse you, but you may be able to recover the money through your insurance.
The majority of plans will also cover any loss or damage to crucial wedding-related items (such as the wedding rings). You’ll be able to find a replacement this way.
When you buy wedding insurance, you’ll be given a number that indicates the maximum amount you can claim. Your coverage, for example, might be valued up to £10,000. You’ll be able to claim up to this amount if you have to cancel or postpone your wedding, or if a calamity strikes a crucial item (such as your wedding gown).
However, all businesses have rigorous policies regarding which scenarios they will and will not cover. So, what is it that wedding insurance protects you from?
If you can’t get married due to an issue with your location, wedding insurance will cover you. This could be due to the venue falling bankrupt and having to close, or it could be due to physical damage such as fire or flooding. It may also cover you if your venue cancels your reservation due to a mistaken double-booking (though the venue should technically refund you themselves in this case).
Wedding insurance will reimburse you if any of your wedding vendors (such as the photographer, baker, florist, or wedding transportation provider) fail to deliver the products or services they promised.
It will also cover mishaps like as your photographer losing or deleting your images by accident.
If you or your fiancé(e) are involved in a catastrophic accident, contract an unexpected sickness, or experience a bereavement, your insurance should cover the cost of canceling or postponing your wedding.
Most plans will also cover you if a member of your immediate family or a key member of the wedding party gets sick or hurt.
If you’re laid off abruptly, it’s possible that you won’t be able to afford to have a wedding. In this situation, your insurance will reimburse you for anything you can’t get reimbursed for (like non-refundable supplier deposits or a wedding gown that’s been altered).
This does not imply that your insurance will cover any leftover sums so that your wedding can go on. Only anything you’ve previously paid for will be covered.
Your insurance policy will pay you if poor weather prevents you (or your guests) from getting to the venue on your wedding day.
When we say ‘poor weather,’ we’re referring to severe weather, such as a massive snowstorm or extensive flooding. Because it’s a wet day and you wanted to shoot pictures outside, your coverage won’t reimburse you for your wedding.
If you lose or damage goods linked to your wedding as a result of your own or someone else’s actions, you’ll be able to claim the money back through your insurance.
This could include things like your wedding gown or suit, wedding gifts, wedding bands, flowers, and the wedding cake, to name a few.
On your wedding day, third-party liability insurance will protect you from any harm you may inadvertently cause to other people or property (such as your venue). This isn’t something that all insurance policies cover, so make sure you read the tiny print.
A variety of policies may be available depending on your insurance carrier. Optional extras, like as your honeymoon flights being canceled, may be covered by ‘premium’ coverage.
There are a number of things that your wedding insurance will not cover. You should be aware of these before purchasing an insurance coverage.
You will not be able to file a claim if you change your mind and decide not to marry. Your partner is in the same boat. This is known as “disinclination to proceed,” and it covers, among other things, the following circumstances:
- You realize you can’t afford the wedding (despite the fact that you haven’t been laid off).
You can only make a claim if your wedding is canceled or postponed against your will, such as due to illness or a fire at the site.
Typically, your wedding insurance will only cover issues that arise on the wedding day. It will not cover your honeymoon, hen do, stag do, wedding rehearsal dinner, engagement party, or any other event. For certain events, you may be able to purchase additional coverage.
If you are dissatisfied with the service or goods given by a wedding vendor, you will not be able to file a claim. You can only make a claim if the supplier stops doing business, does not show up, or does not offer the service/goods at all.
For example, if your florist fails to deliver your flowers, you can file a claim. You cannot, however, make a claim if the flowers you received are not to your liking. This is something you’d need to discuss with the vendor.
Most wedding insurance policies will not cover you if your wedding is canceled due to a pre-existing disease or medical condition. If you’re pregnant when you buy your coverage, for example, it’s unlikely that you’ll be covered for pregnancy-related ailments.
This also applies to other issues that have been identified in advance. You can’t claim for flowers you’ve already paid for if your florist goes out of business before you get your insurance coverage.
There may be further restrictions and instances in which you are unable to submit a claim, depending on your policy. Consider the following scenario:
- If something was taken from an unlocked vehicle, you might not be able to make a claim.
- If you’re getting married outside of the UK, some sections of your coverage might not be valid.
- If you report an occurrence too late, you may not be able to file a claim (e.g. if 30 days have passed)
There may also be an additional charge. If your excess is £70, for example, you’ll have to pay the first £70 to replace any damaged products.
Given that we’re in the midst of a global epidemic, you’re undoubtedly wondering if your wedding insurance coverage will cover you if your wedding is canceled or postponed due to Covid-19.
The answer isn’t easy to come by. It depends on who you’re canceling or rescheduling your wedding with, the terms and conditions of your policy, and the specific cause for your cancellation or rescheduling.
If you already have a coverage that was purchased before the pandemic, you may be protected if you, your spouse, or a member of the wedding party develops the virus. Covid-19.
If you’re self-isolating or shielding with no symptoms, you won’t be covered. To file a claim, you must be sick – you cannot file a claim just because you don’t want to catch the virus.
Some insurance companies will cover you if your wedding is canceled due to a government action (e.g. your venue has been forced to close during a local or national lockdown). Many, though, will not. To discover out, you’ll need to call your insurance company.
The majority of new insurance purchased after the epidemic began will not cover you for anything linked to the new coronavirus.
- How much money are you planning to spend on your wedding? Of course, policies that cover big sums of money will be more expensive.
- Whether you, your partner, or anybody else in your wedding party has a medical condition that could make the wedding difficult.
- You can choose between a basic and a premium policy. Premium insurance typically offer reduced excess fees and may include additional coverage for special events such as your honeymoon.
A wedding insurance policy might cost anything from £30 to £300 on average. You’ll make a single payment, and the insurance will last from the day you purchase it until your wedding is completed.
We believe that wedding insurance is well worth the money, especially given the low cost. Even though everyone wishes for the perfect wedding, anything can happen between now and the big day. Even if nothing happens, the peace of mind is worth it.
Most wedding insurance companies allow you to purchase coverage up to two years before your wedding day, so start looking for covers as soon as feasible.
It is critical that you acquire your policy before purchasing or booking any wedding-related items, such as your venue or vendors. This is because some insurance companies will not cover you for things or services that you booked or purchased prior to purchasing the coverage. Speak with your insurance for more information.
What does wedding insurance actually cover?
Wedding insurance, often known as special event insurance, protects couples from financial damages caused by events beyond their control. You may protect yourself financially against a variety of situations, including vendor issues, illness or accident, harsh weather, military deployment, lost or stolen gifts, and damage to wedding clothes, depending on the type of coverage you select.
What insurance do wedding venues need?
The bride has arrived. And now your wedding venue faces some serious dangers. Being a part of the happy couple’s most important day can be a successful business. However, if something goes wrong, you may be faced with some hefty fees. Fortunately, wedding venue insurance and wedding public liability insurance are available to protect you. We explain what wedding venue insurance you need and how to get it at the best price, from cancellation coverage to legal fees if someone is injured.
What sort of wedding venue do you have?
Wedding venues come in a variety of sizes and shapes. You may throw a celebration practically anyplace, from historic castles to coastal cafes to barns and private houses. As a result, wedding venue insurance is available in a variety of shapes and sizes.
Perhaps weddings are simply one of the numerous events that your facility can accommodate. Perhaps you’ll only host one or two weddings per year. Whatever your unique circumstances are, you can design your wedding venue insurance to provide high-quality coverage at a low cost.
What can go wrong?
Have you seen the viral video of the best man being assaulted by a ring-bearing owl? Fortunately, the incident merely resulted in laughter rather than serious blood loss. However, with wedding venues constantly looking for new ways to surprise guests, there’s more and more opportunity for things to go wrong.
Public liability insurance for a wedding
There are many things that may go wrong at a wedding party, from tripping over trailing speaker cables to food sickness. Unfortunately, many legal firms are eager to take on no-win, no-fee situations. As a result, it’s simple for someone to make a compensation claim against you. Public liability insurance will cover your legal bills in the event of a claim, as well as any damages awarded.
Your public liability insurance will protect you if you are providing the wedding breakfast or any other food at your location. This includes claims for food poisoning or allergic reactions to food that has been mislabeled.
Purchasing wedding public liability insurance is also a smart business decision. Before booking their event with you, many couples will demand to see your wedding venue’s public liability insurance cover letter.
Employer’s liability insurance
If your wedding venue employs any employees, you must have employer’s liability insurance. Even if your team is made up of family members or you just work part-time, you must have it or face harsh penalties. It covers any injuries or property damage caused by something related to your business. A member of staff, for example, falls from a ladder while putting up bunting.
Premises cover
Ensure that your premises are appropriately secured by commercial property insurance, regardless of the type of wedding venue you have. If your venue is damaged by fire or flood, this covers any necessary repairs or rebuilding. Even though your location is ordinarily your own private house, if you are renting it out for money, you will need to purchase commercial insurance. If you only do this once or twice a year, talk to your insurance broker about obtaining temporary coverage. Specialist buildings, such as listed buildings or buildings with a more peculiar construction, can also be covered by wedding venue premises insurance.
Specialist equipment cover
Many wedding locations have luxurious decor, as well as art and antiques. By carefully assessing your replacement prices, you may ensure that your contents are properly insured. You may also need to include in the expense of hired-in equipment for the wedding party, such as sound or lighting systems.
Cancellation cover
Cancellation insurance can be used in both directions. It can be difficult to maintain cash flow if you’ve merely collected a deposit and then your booking is canceled. But what if you have to cancel the reservation due to unforeseen circumstances? Brides are famously difficult clients. If you have to cancel due to an unforeseen event, the client you have disappointed may sue you for not only the cost of their wrecked wedding day, but also for ’emotional anguish.’
The best ways to source cheap wedding venue insurance
Hosting weddings can be profitable. The average wedding in the United Kingdom currently costs about £34,000, with venue hire being the most significant single cost. And if you follow our advice for saving money on wedding venue insurance, you may increase your profits even more:
Shop around
Never take your insurance renewal quote at face value. Because different insurance firms employ different formulas to compute pricing, two very comparable policies could result in two quite different rates.
Speak to a specialist public liability insurance wedding company
The cost of insurance is determined by the amount of risk involved. An insurance provider with experience insuring wedding venues like yours will have a better grasp of the level of risk, which usually translates to reduced premiums.
Look for bespoke wedding venue insurance packages
It’s pointless to spend money on insurance that you don’t require. A modest barn wedding site, for example, is unlikely to require cover for art and antiques! Look for insurance plans that allow you to create your own package of coverage so you only pay for what you need.
Is Wedding Insurance a one off payment?
WeddingPlan Insurance is a one-time fee rather than a monthly fee for a set length of time. The price you’re quoted for wedding insurance is the price you’ll pay in full.
Can you get wedding insurance after booking?
If something goes wrong and you need to cancel, postpone, or obtain a refund for one aspect of your wedding, the sooner you acquire wedding insurance, the sooner you’ll be protected.
It costs nothing to book ahead of time, and most insurance may be purchased anywhere from two years to a week, or even 24 hours, before the wedding date – even if you’ve already paid your deposits.
This means you’d be protected if the venue burned down a year before your wedding date, or if a family member became very ill six months before the event.
Can you get wedding insurance after booking venue?
Because each wedding policy is a little different, it’s best to read the fine print before committing. Most wedding insurance policies, on the other hand, cover the following:
The venue closing or canceling your reservation – this covers floods, fires, or financial difficulties at the venue that prevent it from honoring your reservation. This will most likely be covered under the insurance document’s ‘cancellation cover.’
Cancellation due to illness, injury, or death of bridal party or close family members If you or your future spouse, maid of honor, best man, or close family member becomes ill, you will be covered as long as it is not related to a pre-existing medical condition. The same people will be covered in the event of an accident or death, as well as being called for jury duty or being assigned to a military post overseas.
Cancellation due to inclement weather if 50% or more of your guests are unable to come due to inclement weather, you should be covered, but double-check the fine print as many plans differ slightly on this.
Supplier no-shows or damaged goods you should be covered if one of your vendors fails to show up or delivers damaged goods (such as dead flowers or a smashed wedding cake). Remember that you’ll need a signed agreement with your provider to file a claim, so make sure you acquire one when you book! You’ll also need to double-check your insurance to see which providers are covered, as not all policies are created equal.
Wedding bands (but not engagement rings, so add this to your house insurance), wedding cake, flowers, wedding clothes, and wedding presents should all be covered in the event of loss, theft, or damage. You should examine your policy for any exceptions; for example, presents that are left unattended will not be covered, and flowers and cake are frequently only covered until the wedding reception.
Faults in wedding photographs or videos – you’ll be covered if a technical issue prevents your wedding movie or photos from being developed. An insurance policy should cover the cost of rehiring outfits and reshooting important shots. It’s worth noting that you won’t be covered if you simply don’t like the photos or the photographer isn’t up to par.
Personal liability and legal action – you should be insured if the venue is damaged or a third party is wounded on the day. You will not be insured if an accident occurs due to the fault of a guest. The couple’s legal fees in the event of a court action arising from an event at the wedding that results in death or injury will also be covered.
You can update your policy to include public liability coverage so that guests are covered in the event of injury to third parties. You can also add cover if you’re having an outdoor wedding and don’t want the event ruined by a thunderstorm, or cover for a marquee placed on land that doesn’t belong to the marquee owner. The marquee cover will safeguard you in the event that the structure or anything inside, such as tables and chairs, is damaged. Your marquee will be covered as part of your existing venue cover if it belongs to the venue owner or is a fixed, permanent structure.
Does Wedding Insurance Cover change of heart?
Change of Heart coverage from Wedsure safeguards your investment by covering the cost of canceling the wedding if the bride or groom has second thoughts.
Does Wedding Insurance Cover death of family member?
Unexpected diseases that would cause your insurer to cover the cost of rescheduling your wedding include, but are not limited to:
- Prior to the occurrence (but after taking out the policy), a close relative was diagnosed with a terminal disease;
- Illness of the bride or groom, preventing them from attending the wedding.
Who would be covered?
Of course, you’re not going to have to cancel your wedding because your work colleague’s second cousin twice removed has the flu or food poisoning. However, if a parent is admitted to the hospital with a serious illness, the wedding should be canceled so that the bride and groom can attend to their sick relative. The term “near relatives” is usually defined in the policy wording, but it usually includes the death or illness of the bride, groom, civil partner, close family, or essential members of the bridal party – those without whom the wedding would be unsuitable.
As part of your insurance application, you may be required to make a medical declaration for each person who is a “key” to the wedding.
Injury during the event
Many wedding insurance companies will not only cover the costs of rearranging the wedding if a close relative becomes ill before the big day, but they will also usually cover public liability. This implies that if a guest or family is hurt at the wedding or reception and the bride and groom are found guilty, your legal duty for accidental injury to any person or damage to their property will be covered by insurance.
What might not be covered?
It’s worth noting that there are a few circumstances that aren’t always covered by basic wedding insurance; if you’re concerned, double-check your policy’s terms. You might not be covered for things like:
- Any conditions that you are aware of at the time you purchase the coverage that may cause the wedding, ceremony, or reception to be cut short. For instance, continuing medical illnesses or conditions for which you have been treated (including consultations) in the 12 months leading up to the start of the insurance policy;
- The Bride, Groom, or one of their partners decides not to proceed with the marriage/ceremony;
- Liability claims resulting from you (or anyone acting on your behalf) utilizing a mechanically powered vehicle, bouncy castles and other inflatables, weapons, explosives, or other pyrotechnic devices or effects during the event;
Remember that in the event of a claim, you will normally be asked to pay an excess. This varies every policy, so make sure you’re comfortable with the amount before purchasing insurance.
What is event insurance?
June 2019 (updated). A special event insurance policy helps safeguard your investment in a particular occasion, such as a wedding. If you have to cancel your event unexpectedly, or if you’re held responsible for property damage or an injury that occurs during your event, event insurance may be able to help cover your costs.
Do you need public liability for wedding?
If you wouldn’t be able to afford the fees of compensating a member of the public if they were to injure themselves or damage property at your event, public liability insurance is an excellent idea. It is the safest option, despite the fact that it is not a legal obligation. Public liability insurance can protect you whether you’re planning a wedding, festival, car show, Christmas market, or athletic event.
Accidents can happen in any situation, and event planners who have a public liability insurance coverage in place can rest easy knowing that they are covered.