As the costs of the average wedding are increasing day by day, the wedding may not be a party anymore but takes the form of an investment which needs protection of insurance to cover unforeseen eventuality. The wedding insurance covers recurring health issues of close family members, travel issues in the destination wedding like luggage getting lost, flights cancellations and the hotels getting overbooked. Further, weather conditions like rains at a beach wedding, snowstorm, a tornado damaging your booked property needs insurance coverage would keep you safe and help you recover some of your losses as the disasters may strike the wedding day.
Meaning of Wedding Insurance:
The wedding insurance protects a couple's or their family’s wedding investment from any eventualities beyond their own control, and incurred expenses are reimbursed. For example, in case your limousine driver is absent and if you are required to arrange another driver just on the wedding morning at three times the cost and several other things which are likely to goes wrong having financial bearing.
When to Get the Wedding Insurance:
The wedding insurance should be taken as soon as possible. If one books the wedding reception hall one year prior to the wedding and if it gets burnt down some weeks before the wedding, the insurance will reimburse the deposit back. It may be noted that the several insurance companies have limitations on the advance period one could purchase the insurance.
Types of the Wedding Insurance:
It's likely that military personnel could be recalled for duty at the very short notice. In such cases, the wedding insurance will cover wedding date postponement due to one of the spouses suddenly being called for a military duty. It is also applicable if the groom or bride gets relocated to some other city as the last-minute corporate decision. There are supplemental policies available for incurred damages due to gifts, videography and photography issues. The special attire insurance coverage reimburses cost of repair and replacement of the bridal gown and dresses for wedding if it is lost, damaged or stolen. The personal liability insurance covers physical injury or damage to property happening by an accident in the course of the wedding proceedings. A honeymoon is covered in some of the wedding insurance policies which include optional travel insurance for the same. Thus the wedding insurance allows the couple to have financial freedom to a large extend. As each insurance policy and each wedding scene differs to a certain degree, ensure that you clarify every aspect from the insurance agent and try to understand every detail of the wedding insurance policy.
How to Claim:
If the unforeseen event happens leading to postponement or cancellation of wedding, the affected spouses are required to file claim with insurance companies. In case needed, a solicitor could be consulted to help you with the proceedings of making claim.
As discussed above, it is possible to cover a wedding function with insurance for the events beyond human control. A timely wedding insurance policy will cater for various eventualities discussed above.