The covered bride and groom Should you purchase wedding insurance?
Byline: Renee Lee Wege CTW Features
You've surely heard of insurance in terms of home insurance, health insurance or car insurance, but how about wedding insurance? Just as those types of insurance help protect you against paying tons of money out of pocket for unforeseen circumstances, wedding insurance can give you peace of mind for one of the biggest days of your life.
If wedding insurance is new to you, you're probably not alone. Marcella Bogs, event planner, says she wishes couples would ask about wedding insurance more often.
"Wedding insurance tends to be one of the least thought of questions, in my experience, unless the venue requires it," Bogs says.
Founder of Marcella Camille Events, which offers wedding planning services in multiple states including Colorado and California, Bogs even posted an article aptly titled "Should I Buy Wedding Insurance?" on her website, looking to shed light about something that can add a layer of security to wedding planning.
To decide whether wedding insurance is something you need, it's important first to understand what types of things might be covered under the wedding insurance umbrella.
According to WedSafe, a wedding insurance specialist, there are generally two types of (very different) wedding insurance. The first, often referred to as Wedding Cancellation/Postponement Insurance, covers exactly what it sounds like. If heaven forbid something happens that causes you to postpone or cancel the wedding (your venue burns down in a fire, you or your beau are suddenly too ill to get married), this type of insurance helps protect any money you might otherwise lose from deposits or payments.
The second type, Liability Insurance, protects you against financial liability arising from your wedding, and as hinted by Bogs, is often required by venues. This protects you if a guest was injured, the venue was damaged, or if there's any sort of alcohol-related incident that leads to a bill.
According to Steve Lauro, vice president of Aon Affinity (the company that provides WedSafe insurance), there's been a trend of more couples purchasing policies as education about wedding insurance spreads.
The average wedding in the U.S. cost more than $25,000, Lauro says. "When you choose not to insure something, you are essentially assuming that risk on your own. Would you go without insurance on a car of that price?"
Bogs agrees that insurance is worth looking into, especially if a couple's vendors don't include any (some venues and vendors will have their own liability insurance, so it's good to check).
While Bogs hasn't experienced any wedding horror stories first hand, she has heard about instances where people are injured while dancing on, say, an alcohol-soaked dance floor.
Because something can arise that causes a couple to reschedule or cancel a wedding (note, though, that wedding insurance typically doesn't cover when a couple has a change of heart) and because liability in incidents involving alcohol could fall on the newlyweds, Bogs says it's always a good idea to look into insurance.
"It is never a bad decision to add that little bit of extra coverage to protect yourselves and your family on one of the most important days of your life," she says.
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|Publication:||Daily Herald (Arlington Heights, IL)|
|Date:||Apr 15, 2018|
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