6 Times to Reevaluate Your Life Insurance Coverage

You spend months and thousands of dollars on creating the perfect wedding day. From the invitations to the reception, you want everything to be perfect. All your best planning can't prevent poor weather, vendor cancellation or lost photographs, though. Consider the benefits of wedding insurance as you protect your special day. What Is Wedding Insurance?

Wedding insurance reimburses you for lost items associated with your big day. Maybe your gown is damaged as you transport it from your home to the venue, the caterer cancels at the last minute or one of your wedding presents is stolen. Use wedding insurance to reimburse your financial losses.

What Does Wedding Insurance Cover?

Basic wedding insurance covers problems with the wedding and reception site, vendors, key people, weather, injury and sickness. You can also purchase additional coverage for the photography, videography, gifts, attire, medical payment, personal liability and honeymoon. Keep in mind that wedding insurance usually doesn't cover cold feet, precious jewels on the dress or jewelry.

For a complete list of what your wedding insurance will cover, check your policy. It usually includes a deductible and a limit on the maximum amount of coverage it provides.

How Much Does Wedding Insurance Cost?

Typically, wedding insurance coverage will run you between $150 and $550. The total cost depends on which types of things you want to insure and on the amount of coverage you want. As a reference, general liability insurance covers accidents and costs an average of $185.

Is Wedding Insurance a Necessity?

Before you buy a wedding insurance policy, do your homework. Ask each of your vendors if they have their own insurance policies. If so, you can examine copies of their policies and make sure you're not purchasing overlapping coverage. If they don't have insurance, consider whether or not you have enough money to cover a cancellation, loss or other unforeseen circumstance. Also, decide if you need the peace of mind insurance can provide.

When Should You Buy Wedding Insurance? If you decide to purchase wedding insurance, buy a policy as soon as you start booking venues. Be sure to ask your insurance company if they have a limit on how long a policy can be in place.

Your wedding is one of the biggest and most special events you'll ever plan. Protect every detail of the day and your peace of mind with wedding insurance. Your agent will discuss your wedding details and assist you in finding the right coverage and policy for your needs.
Need insurance for You, Your Family or Your Business?
We can match you to a qualified, local insurance expert!
Further Reading
Life insurance provides financial compensation to your loved ones after your death. Your policy is not like a slow cooker where you set the timer and walk away, though. You'll need to reevaluate your policy when six life events occur. Get Married W...
When you first purchased your life insurance policy, you chose a policy amount that worked at the time. However, your life circumstances and needs may have changed. Here's how you can increase your life insurance coverage. Figure Out the Increas...
Just as one might use a CPA to prepare their income taxes or an attorney to help them with their estate planning, many choose to use an insurance agency to write their insurance policies. This choice is mainly made because a person feels they need pr...
Is employer-provided health insurance a perk of your job? Discover top trends for 2015 that can affect your workplace coverage.   1. Employee-sponsored health benefits cost more   The average cost of health insurance per worker is ris...
Your business insurance value has no relation to your policy premium or your policy premiums, the value of your insurance portfolio related directly to the risks you insure against. If you are not an insurance expert, it is important for you to meet ...