The Basics of Wedding Insurance

Your wedding day is not only one of the most important events of your life, it’s also one of the most costly. Wedding insurance offers protection against unforeseen circumstances that could postpone your wedding day or add a major snafu. Before you decide whether or not wedding insurance is right for you, here’s an overview of what it is:

Wedding insurance protects you from circumstances out of control, including everything from a freak blizzard to a destroyed wedding gown. If your wedding needs to be postponed due to a natural disaster, illness, military duty, or injury, wedding insurance will cover the money that you’ve lost for everything from cakes and caterers to flowers and invitations. If a disaster threatens a component of your wedding day—such as a ruined tuxedo, stolen gifts, or lost video footage—wedding insurance will cover the cost to have them replaced. It also covers your expenses if a vendor doesn’t show up, a site is unusable, or a vendor goes out of business and needs to be replaced.

Wedding insurance ranges in cost, depending on the amount of coverage you want or need. A basic policy that covers wedding essentials, such as photos, video, attire, gifts, rings, and deposits, can range from $155 to $550. However, many vendors and sites carry their own insurance. Be sure to ask about their policy and what it includes before purchasing a policy of your own.