Reasons You Need Wedding Insurance
Your big day is soon approaching and slowly but surely all of your plans are falling neatly into place. It’s time to tie the not and say your “I Dos”. But what if things go wrong? We’ve all dreamed of our wedding day and the picture is always perfect. In real life, however, complications do tend to arise. Sometimes these dilemmas are small and can be brushed off while easily moving on to plan B. Other situations, however, could be more dramatic and you will need more formal backup solutions.
Before we put you off marriage altogether, allow us to give you some peace of mind. Even some of the worst-case-scenarios can very simply be rectified if you have applied for wedding insurance. With a good policy in place, you can relax again knowing that even if things do go south, you will have your insurer on your side ready to pick up the pieces for you, hopefully so that you can still enjoy your special day. These extra premiums might add to your budget, but with this surety in place, you are just one step ahead of unforeseen circumstances.
We’ve looked at the basic components of a standard general wedding and have compiled a list of 7 reasons why you need wedding insurance. Allow us to enlighten you.
- Your Suppliers Are Liquidated or Are Declared Bankrupt
When we plan a wedding, we put our trust into the various vendors who will play their individual parts in making our wedding a day to remember. When we meet with them they will sell us on their products and services and promise us the world. This is all exciting and reassuring, until things turn sour, that is.
If your seamstress, for example, falls into bankruptcy and liquidation, you could potentially be left with a half-made dress and no guarantee that your deposit will be given back to you. Now you are short of a wedding gown as well as short on cash.
The time and money you have invested into your wedding could be lost without you having any say in the matter or a foot to stand on. To ensure that you do not have to deal with the additional stress of finding new suppliers as well as figuring out how you are going to pay for them, the perfect solution would be to have insurance in place, just in case.
- Someone Gets Injured or Falls Ill
The last thing we would want is for someone to injure themselves on our happy day. This is the last thing we would wish upon anyone, never mind our wedding guests. But, things happen and often people do silly things when they are over-excited (or perhaps a tad inebriated). If something unfortunate does happen to befall the wedding party or guests, at least you know your insurance will cover any hospital costs or lawsuits that might transpire as a result.
The same thing applies if the bride, groom or anyone else in the wedding party falls ill or injures themselves before the wedding, and as a result, the wedding needs to be cancelled or postponed to a later date. This could incur extra costs or loss of deposits, money that your insurance provider could possibly replace if you have applied for cover beforehand.
We all have that one friend or that one family member who continues to party like it’s 1999. And with their wild antics, property and wedding attire could be damaged come the big day. Another scenario could be that wedding rings go missing from the best man’s pocket or the beautifully iced cake gets nicked on route from the kitchen to the reception hall. And do we dare to mention the safekeeping of “the dress”?
While some of the property and valuables might fall under the cover of your current insurance plans, newer items, and especially things like cakes and flowers, will not be accounted for. This means that you will need to put wedding insurance in place that will specifically cover the property and goods that are required to make your wedding the day you have envisioned.
It’s happened before where gifts go missing (usually pinched by catering or venue staff) or they are damaged before you can add them to your household insurance policy. This situation won’t be so bad if the gifts were far and few between, but if you are having a large wedding, the items could add up to quite a large value.
Luckily, if you do have wedding insurance in place, you will instantly be covered for your wedding gifts on the day of your wedding and at least 24 hours thereafter. Ensure that the thrill of opening up your wedding gifts and adding them to your home as newlyweds doesn’t lose its appeal by putting this extra peace of mind in place!
- Bad Weather
In some cultures, rain on your wedding day is said to be a sign of good luck. While this might be an excellent notion to start your marriage on, rain and other bad weather could be more of a hindrance come the date of your wedding. And one thing you can’t plan ahead for is the weather!
Not only does bad weather like heavy storms or gale force winds affect the set up of your ceremony and reception, forcing you to make quick alternative arrangements, it could postpone or cancel your wedding plans altogether. Heavy snowfalls and flooded roads could also prevent your guests from travelling, which again, will force you to either improvise or postpone arrangements.
When signing up for wedding insurance, make sure that your carrier provides cover for bad weather and the effects thereof. This way you will have money to work with if it does come to you having to postpone your wedding or pay for alternative methods of transport to get your guests safely to your venue and back.
- Legal Expenses and Personal Accident Cover
Picture a situation where you have met with your cake decorator and you specifically requested that absolutely no nuts should be used in the cake, due to the fact that many of your guests suffer from severe nut allergies. Come the day of your wedding, however, one of your guests has an allergic reaction to the cake due to a trace of nuts and he or she needs to be rushed off to the emergency rooms.
When you confront the baking company, they might deny that they used nuts and even dispute that the cake was made in a nut-free environment. They could also counter-argue that the traces of nuts were absorbed into the cake while at the wedding venue, making the matter even more of a conflicting mess. If a scenario similar to this occurs on your wedding day or leading up to it, you may need to seek legal advice – an unforeseen wedding expense.
This is when having complete wedding insurance in place will come in more than handy. The insurance will possibly cover all legal expenses to ensure that disputes are handled by a professional lawyer, ensuring that fair judgement is given and that unexpected fees are accounted for.
- Loss or Theft of Wedding Accessories
Apart from things being damaged or misused, sometimes wedding goods go missing along the way or on the big day. You might have a wedding guest who thinks she is entitled to the silverware, filling her purse with the venue’s knives and forks before she leaves. Perhaps an innocent vendor packs another party’s property into their own vehicles by accident, and the bride and groom are then held accountable for these missing items.
Whatever the scenario, the last thing you want on the day you say I Do is to worry about reckless guests and unfocused vendors. So, to make life a little bit easier and to cover for the antics of sticky fingers and clumsy guests and service providers, this is just one more valid reason why you need to have wedding insurance in place.
Putting the Cover in Place
Wedding insurance policies are quite basic in structure and are usually divided into two separate types of cover; Liability Insurance and Cancellation Coverage
Liability insurance. This type of insurance gives you cover in case of an unexpected injury or property damage during the ceremony and reception.
Cancellation coverage. With this type of insurance policy in place, your insurer will reimburse you for unforeseen costs, like if a vendor is liquidated or you have to pay for alternative transport during bad weather.
While wedding insurance premiums might just seem like added costs to your budget and include tedious paperwork, these fees are surprisingly inexpensive when compared with the cost of a ceremony and reception and could save you a whole lot more in the long run. If you’ve recently gotten down on one knee and taken the first step into securing a relationship, it’s definitely time to relook at your insurance policies and secure them too!