The Worries Are Real…
Are you envisioning a flawless wedding day, but can’t shake off the “what ifs”. Asking yourself, “Do I need wedding insurance?”
- What if the venue goes out of business?
- What if the photographer doesn’t show up?
- What if a sudden storm ruins your outdoor ceremony?
Let’s Break It Down
What is Wedding Insurance, Anyway?
Wedding insurance is a specialized policy designed to cover unforeseen events that might impact your wedding day. It’s essentially a safety net for your investment (because, let’s face it, weddings can be VERY expensive).
Do I Really Need It?
Consider This:
- The average cost of a wedding in the USA is around $33,000.
- 1 in 5 couples experience some form of wedding disruption.
Scenarios Where Wedding Insurance Saves the Day:
- Venue Closure/Bankruptcy
- Vendor No-Shows (e.g., photographer, caterer, DJ)
- Weather-Related Issues (e.g., hurricanes, earthquakes)
- Illness/Injury to the bride, groom, or key attendees
- Theft/Damage to wedding attire, gifts, or decorations
- Last-Minute Cancellations (due to unforeseen circumstances)
How Much Does Wedding Insurance Cost?
- Typically, 1-3% of your total wedding budget
- Example: For a $30,000 wedding, insurance might cost between $300 to $900, however if you’re looking for just liability insurance it can start at $75.
What Does Wedding Insurance Usually Cover?
- Liability Coverage (in case of accidents or property damage)
- Cancellation/Postponement Coverage (for unforeseen events)
- Vendor Failure Coverage (if a vendor doesn’t deliver)
Frequently Asked Questions (FAQs)
- Q: Can I customize my wedding insurance policy?
A: Yes, many providers allow you to tailor your policy to fit your specific needs. - Q: Is wedding insurance mandatory?
A: No, but it’s highly recommended to protect your investment. - Q: Can I buy wedding insurance at the last minute?
A: Maybe, but options and coverage might be limited; it’s best to purchase at least 2 weeks before the wedding.
So “Do I Need Wedding Insurance?”
Yes, if you want to safeguard your wedding day against the unexpected. It’s a small price to pay for peace of mind.
Our Top Picks For Liability Coverage
Be sure to check your venue’s insurance requirements before securing a policy!
GatherGuard
Starts at $75 for $1M/$2M GL coverage
Min. Damage to rented premises limit: $250,000 (Upgrade to $1M for $25+)
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Free quote feature available
SpecialInsurance.com
Starts at $160 for $1M/$2M GL coverage
Min. Damage to rented premises limit: $300,000 (Upgrade to $1M for $75)
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required