The sun is out, people are shedding their winter coats (not here in Florida of course!) and are going outside. What does that all mean? It means it is Wedding Season! We get asked all the time “Do I need Wedding Insurance?” Well, here is the answer…You absolutely need wedding insurance!
While the specific details can vary by insurance provider, wedding policies help to ensure that if calamity does hit on your big day all will be ok. A lot goes into planning wedding. There are deposits on venues, dresses and tuxedos must be rented or purchased, caterers/photographers/bands/DJ’s must be put on retainer, and much more. Wedding coverage kicks in if the venue becomes unusable (goes out of business, has a fire the day before, etc.) so that you can quickly put a deposit down on an alternate location. It can also pay to quickly repurchase lost or damaged dresses and tuxedos, as well as help with certain other deposit/no-show related issues with vendors like the cake baker or the florist. Who has the rings, you ask? It can even help in situations involving lost/damaged rings!
Wedding insurance can also provide incredibly important protection that hosts often don’t even think of: host liquor liability. More often than not the big event goes wonderfully. The truth is that many people leave a wedding having had a few adult beverages. In many situations should a motor vehicle accident or other intoxication related incident involving injury or property damage occur, the host of the event can be sued. Wedding insurance can provide legal defense and indemnity in the case. Going uninsured leaves your personal bank accounts and future earnings potentially exposed. You have enough to worry about in planning such a momentous event. Making sure you’re protected should disaster – other than the cold feet kind – strike is just part of the process!