The world is a crazy place right now. Whether you have already had to reschedule your wedding or you are getting married later in the year, you may be looking for a safety net for when something like this virus happens again. Purchasing Wedding Insurance offers that little bit of reassurance in troubled times by alleviating the stress of answering the questions of “what if….?”
Here are some basics that you need to know about Wedding Insurance for right now and in the future.
TIP 1: Several venues and/or vendors require you to obtain Wedding Event Insurance.
TIP 2: Check first with your Homeowners or Renters Insurance to see if events are included in your policy. You can also ask your agent if they have an Event Insurance policy.
TIP 4: Depending on the policy that you purchase, Wedding Insurance can range from $100-$1000 or more.
TIP 5: Also depending on the company you purchase from, there may be add-on’s outside of a basic policy to consider for additional coverages.
TIP 6: There are two main types of coverage:
- Cancelation: coverage if your wedding has to be canceled or rescheduled due to something outside of your control (ie. injury or illness, inclement weather, etc).
- Liability: coverage for damages to your venue, vendors no-showing, medical expenses if someone is hurt, liquor liability, etc.
If you purchased Wedding Insurance before the outbreak of COVID-19 and have had losses, you may be able to file a claim and be reimbursed for your losses. If you plan on purchasing insurance at this point, more than likely, losses due to Conoravirus will not be covered.
With so much at stake, the relatively inexpensive cost of Event Insurance is worth the price tag. We don’t want to live in fear, but we do want to be smart. There is no reason to risk your wedding bliss. Reach out today to explore your options.
Photography Credit: Silver Bear Creative