The Ultimate Guide to Wedding Insurance

The Ultimate Guide to Wedding Insurance, Including a Side-by-Side Comparison of the Best Wedding Insurance Companies, with Prices

Disclaimer: SageCouple is not an insurance broker. This information is accurate to the best of our knowledge, but you should not rely on it to make your insurance decisions. It is your responsibility to check directly with the insurance companies about the details of their policies, including availability in your state, premiums and coverage.


 

WHAT YOU’LL LEARN IN THIS GUIDE

1. How much a wedding actually costs and why insurance can be a smart move.

2. An overview of wedding insurance and how it works.

3. Why you may need wedding insurance, based on 5 years of real data.

4. Real examples of wedding mishaps that insurance can cover.

5. The complete breakdown of what exactly wedding insurance covers.

6. A list of what wedding insurance does NOT cover.

7. Who should buy the insurance when multiple people pay for the wedding.

8. When to buy insurance during the wedding planning process.

9. Side-by-side comparison of the best wedding insurance companies, with prices.

10. Your alternatives to wedding insurance.

 

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You or a loved one is getting married. Congrats! Mazel tov!

Should you get wedding insurance? SageCouple did the research for you and created this guide to help you make this decision. You’re welcome!

Planning a wedding is still fresh in my mind from when my husband and I got married two years ago.

Like most type A people, I had a massive Google spreadsheet called Wedding Headquarters. It had thirteen (!) tabs for the guest list, budget, menu and a slew of other details. Perhaps it was overkill, but hey, it kept us organized!

There’s a popular quote by Woody Allen that goes, “If you want to make God laugh, tell him about your plans.” It means that nothing ever goes exactly according to plan.

Wedding plans are no exception!

My husband and I got a piece of advice along these lines from a wise friend: “Expect things to go wrong and roll with it.”

But what could possibly go wrong? Luckily for us, it was nothing too serious.

A couple of weeks before the wedding, my father the klutz was biking when a bee attacked him, causing him to fall and injure his shoulder. If that weren’t enough, the night before the wedding, he swiped his face with the trunk door when closing the trunk of his car and got himself a nice big scratch on the forehead. We had the makeup artist cover it up for the photos, but the shoulder took a while to heal.

Then, we forgot to check if our venue had Wi-Fi, which it didn’t. This meant that the Spotify playlist we had painstakingly created for our cocktail hour couldn’t be played. Luckily, the band we hired for the reception created a hotspot using an iPhone, and our music was playing within minutes. No one except us noticed. Guests were happily mingling and drinking cocktails.

These were unpleasant but small mishaps in the grand scheme of things. Other people have experienced much worse situations, including actual disasters.

Murphy’s Law is often true: anything that can go wrong, will go wrong.

However, not everything that will go wrong will be reimbursed by wedding insurance. Therefore, it’s important to understand the ins and outs of wedding insurance and whether it’s right for you.

Read on to learn everything you ever wanted to know about wedding insurance and more!

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1. HOW MUCH DOES A WEDDING COST THESE DAYS?

According to The Knot 2015 Real Weddings Study of 18,000 U.S. brides and grooms, the average cost of a wedding in 2015 was $32,641. However, that number is a lot higher for couples getting married in Manhattan ($82,299), Chicago ($61,265), Long Island ($56,950) and other high-priced areas.

The Knot's List of the 10 Most and Least Expensive Places to Get Married

Who pays for the wedding in the 21st century? As much as I love The Father of the Bride and shamelessly watch it every few years, it’s nice to see some traditions evolve into the modern age. It used to be that the bride’s parents paid for the wedding, but that is no longer the predominant expectation.

According to The Knot’s study, here is who pays for the wedding these days, on average: the bride’s parents pay for 44% of expenses, the marrying couple pays 43% and the groom’s parents pay 12%, with 1% paid by others. In fact, 12% of couples pay for the entire wedding themselves! The stats don’t mention how expenses are split for same-sex marriages.

The takeaway here is that weddings tend to be pricey affairs for which several people typically pitch in. This means that if something major goes wrong, you could lose some serious money.

You may say, “Our wedding will be different! We won’t let the wedding industry bully us into unnecessary expenses!” However, no matter how small your wedding is or how creative you are with cutting down expenses, you will still end up spending at least several thousand dollars. Unless you elope, but that’s a different article!

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2. WHAT IS WEDDING INSURANCE AND HOW DOES IT WORK?

You buy auto insurance to protect against accidents, homeowners insurance to protect against damage and liability and health insurance to protect against illness and injury. You can even buy insurance in blackjack.

It’s no surprise, then, that you can also buy wedding insurance, which protects your financial investment against sudden illness, severe weather and other unfortunate events. Since you’re inviting the most important people in your life to celebrate one of your biggest life decisions, and likely spending quite a bit of money on it, insurance is worth considering.

When you buy wedding insurance, you pay a one-time fee called a premium to the insurance company. If something unfortunate happens that is covered in the insurance policy, and you can’t get a refund, the insurance company will reimburse you up to a limit. You will need to file a claim, as with other types of insurance. Every insurance company has its own policy with details about how much the premium costs, what events they cover and how much they will reimburse you.

There are two main types of wedding insurance. You can buy one or both, depending on your needs, and some insurance companies will give you a discount when you buy both.

  1. Liability Insurance – This protects you if the venue gets damaged, if someone gets hurt or if there is an alcohol-related accident. You can usually get one policy to cover all of the venues for your wedding events – the rehearsal dinner, ceremony and reception.
  2. Cancellation / Postponement Insurance – This protects you if you need to cancel or postpone the wedding for reasons like vendor bankruptcy, sudden illness, severe weather, military duty and other covered reasons.

There are additional types of wedding insurance that specifically protect wedding attire, photographs and video, gifts, jewelry and other important items and situations. Sometimes, these coverages are included in the Cancellation / Postponement Insurance policy, and other times they require a separate insurance payment.

All the insurance types are covered in detail in section 5 of this guide.

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3. WHY DO I NEED WEDDING INSURANCE?

I wish there was data on what percentage of people who buy wedding insurance actually file a claim. If anyone finds this, let me know!

However, Travelers released a very useful analysis of its wedding insurance claims from 2011 through 2015, which sheds light on what goes wrong most often.

Travelers Wedding Insurance Claims Study

  • 30% of claim payments involved problems with wedding vendors. 64% of those issues involved venue problems where the wedding and/or reception was to be hosted. Those facilities typically closed unexpectedly or could no longer accommodate the wedding as promised. Other vendor issues included photographers failing to deliver the photos as promised and DJs not showing up for the reception.
  • 29% of claim payments involved illness and injury of the bride, groom or immediate family member, resulting in cancellation.
  • 16% involved severe weather.
  • 10% were related to military duty/deployment.
  • 6% involved property damage.
  • 2% involved wedding attire.
  • 7% were categorized as other.

This can give you an idea of where, on average, you are most at risk – vendors and illness / injury.

When it comes to vendors, choose reputable, dependable people and businesses. It’s important to ask for recommendations from friends and wedding planners and read vendor reviews. WeddingWire has an entire vendor reviews section that is a great resource for doing your research. If you read Yelp to choose a restaurant, you’d better be putting at least as much research into your wedding photographer or DJ!

Unfortunately, illness and injury oftentimes can’t be avoided. I was actually surprised to see how often these types of claims come up. If you do have control over something – like playing a high-impact sport before your wedding – sit it out, just in case.

But you can’t plan for everything, so many people decide to get wedding insurance for peace of mind.

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4. WHAT ARE SOME SPECIFIC THINGS THAT CAN GO WRONG THAT INSURANCE WILL COVER?

The Travelers data tells us the main categories of where to watch out. However, it’s hard to think in generalities. So, I wanted to get real-life, specific examples of what can actually go wrong, to better answer the question of “Do you need wedding insurance?”

Out of curiosity, and because I am apparently great at wasting time by searching for the end of the Internet, I Googled “wedding disaster stories.” Ah, the fascination of reading crazy tales of weddings gone wrong. Of course, I wouldn’t wish these on anyone, but they’re fun to read about. If you’re curious, there are these stories. And these.

But not all of these unfortunate events will be covered by wedding insurance.

WedSafe, a popular insurer, provides a helpful list of wedding mishaps, including the dollar amount that they reimbursed through their insurance policies. It’s replicated below, per WedSafe’s site:


Venues never fall through, do they?

  • Wedding venue originally expected to open in time for the wedding, but construction completion date was pushed back and the wedding had to be rescheduled. Amount Reimbursed through Event Cancellation coverage – $17,694.87
  • Venue construction prevented wedding from being held; venue refused to refund deposit. Amount Reimbursed through Event Cancellation coverage – $6,690.95
  • Hurricanes Ivan and Frances damaged hotel; repairs originally scheduled to be completed by October but completion date pushed to January. Bride and groom had to find a new venue for their destination wedding and were out of pocket for additional costs. Amount Reimbursed through Extra Expense coverage – $5,050
  • Reception hall went out of business. Amount Reimbursed through Event Cancellation coverage – $5,243.70
  • Reception site was sold and shut down. Amount Reimbursed through Event Cancellation coverage – $13,367.38
  • The wedding reception facility cancelled because they lost their permit. The wedding couple had to find a new location and had to pay extra money out of pocket for new invitations. Amount Reimbursed through Extra Expense coverage – $2,378

How much could we lose to a problem vendor?

  • Hair and makeup vendors did not show up – and neither did the customer’s deposits. Amount Reimbursed through Loss of Deposits coverage – $2,320
  • Customer received message from the photographer saying he was out of business, would not be attending the wedding and would not be refunding the deposit. Amount Reimbursed through Loss of Deposits coverage – $1,515
  • Bridal shop filed bankruptcy before delivering dresses. Amount Reimbursed through Loss of Deposits coverage – $1,305
  • Customer ordered invitations that never came; vendor disappeared with deposit. Amount Reimbursed through Loss of Deposits coverage – $1,101.93

Why would we ever cancel or postpone our wedding?

  • Ten inches of rain fell in Virginia, State Highway 10 was closed. Bridal party members and guests couldn’t get to reception site. Band, food, cake, flowers, photos all had to be cancelled. Amount Reimbursed through Event Cancellation coverage – $25,000
  • Groom experienced chest pains and went to hospital. Newly diagnosed heart condition forced him to postpone wedding. Amount Reimbursed through Event Cancellation coverage – $28,907.45
  • Event on Nantucket Island and Nor’easter came. No boats allowed on island. Amount Reimbursed through Event Cancellation coverage – $25,808.60
  • Wedding had to be cancelled because of withdrawal of military leave. Amount Reimbursed through Event Cancellation coverage – $8,210.16
  • Bride’s father had bicycle accident and broke his pelvis; ceremony postponed. Amount Reimbursed through Event Cancellation coverage – $13,563.23
  • Hurricane Katrina forced the bride and groom to cancel their wedding. Amount Reimbursed through Event Cancellation coverage – $17,952.32

Do we really need to be concerned about liability and property damage at our wedding?

  • Bride and groom held responsible for damaged carpet at reception. Claim paid by Property Damage coverage – $5,523.81
  • Wedding couple held responsible for damaged table top and other property damages. Claim paid by Property Damage coverage – $7,000
  • A wedding guest was injured in a fall on a slippery floor. Claim paid by Liability coverage – $2,500
  • A wedding guest moved antique dining table and two table legs cracked. Claim paid by Property Damage coverage – $1,865
  • Wedding couple held responsible for damage to a fountain at the reception site. Claim paid by Property Damage coverage – $1,325.77

What could possibly happen to my wedding photos?

  • Photographer’s camera bag – containing several rolls of wedding pictures – was stolen during the reception. Amount Reimbursed through Photographs/Video coverage – $3,000

How much can it cost to repair a wedding dress?

  • A guest spilled red wine on the bride’s wedding dress. Stains could not be removed; skirt had to be replaced and dress cleaned and preserved. Amount Reimbursed through Wedding Attire coverage – $3,275

What could happen to our wedding gifts?

  • Airline lost luggage containing wedding gifts and wedding attire. Amount Reimbursed through Wedding Gifts & Wedding Attire coverages – $4,200
  • Wedding gifts were stolen from trunk of car. Amount Reimbursed through Wedding Gifts coverage – $1,088

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5. WHAT EXACTLY DOES WEDDING INSURANCE COVER?

As explained earlier, there are two main types of wedding insurance. You can buy one or both, depending on your needs. There are also additional protections that are either built into your Cancellation / Postponement policy or that you can buy separately.

The two main types of wedding insurance:

1. Liability Insurance

What does it cover?

This protects you if the venue gets damaged, if someone gets hurt or if there is an alcohol-related accident. You can usually get one policy to cover all of the venues for your wedding events – the rehearsal dinner, ceremony and reception.

How much does it cover?

Policies typically range from $500,000 to $5 million. The higher the coverage amount, the more the policy will cost you (meaning the premium will be higher).

How much coverage do I need?

Ask your venue if they already have liability insurance or if they require you to purchase your own. If you must purchase your own, ask them how much coverage they require.

How much is the deductible?

A deductible is what you must pay out of your own pocket before the policy kicks in. So, with a $500,000 policy, you may still need to pay $1,000 before the policy coverage will take over. Policies typically have a $1,000 property damage deductible, although some go up to $10,000, depending on your premium. The higher the premium you pay, the lower your deductible will be.

2. Cancellation / Postponement Insurance

What does it cover?

This protects you if you need to cancel or postpone the wedding for reasons like vendor bankruptcy, sudden illness, severe weather, military duty and other unfortunate events. Your wedding insurance can cover non-refundable expenses, up to the insurance limit.

This insurance typically covers the cost to rent out the venue, transportation (airfare, limo), catering, accommodations, photographers, musicians, florist, cost of clothing alterations and clothing rental fees, honeymoon airfare and accommodations and other similar costs.

In order for weather to be considered severe, it must be at the level where airports are shut down, people can’t get to your wedding or your venue is damaged. This includes natural disasters such as hurricanes, tornados, snowstorms and floods.

Another caveat is that in order to be reimbursed for a sudden illness, the policy will usually state that it can’t be due to a pre-existing condition that was treated in the 12 months before the policy was signed.

One very important consideration is that most policies do not cover a “change of heart.” This means that if the bride or groom gets cold feet the day of the wedding or if the couple calls off the wedding months ahead of time, insurance will not cover the expenses.

Finally, Cancellation / Postponement policies may or may not cover the cost of the rehearsal dinner, post-wedding day brunch or honeymoon, which are part of the wedding festivities but are not the actual wedding. Policies definitely won’t cover other wedding related events like the bachelor / bachelorette party, engagement party or bridal shower. Check your policy and speak to the insurance company so that you know exactly what it covers.

When buying insurance, make sure that it covers the geographic location where you’re getting married. Most policies cover weddings in the U.S., its territories, Canada and cruise ships leaving from these destinations. Some policies will cover the Caribbean, the Bahamas, Mexico and even the United Kingdom, for an additional premium or even as part of the regular premium.

How much does it cover?

Policies typically range from about $7,500 to around $175,000 in coverage.

How much coverage do I need?

Look at your entire wedding budget and use that as the starting point. If you plan to spend $25,000 on your wedding, then look into getting coverage for that amount or a little higher, in case you go over budget.

How much is the deductible?

Again, you may have to pay some amount out of your own pocket before the policy kicks in. The amount of the deductible typically starts at $25 and can be as high as $10,000, depending on your premium.

There are 8 additional types of wedding insurance.

What do they cover?

There are additional protections available for specific categories like jewelry, attire and photography / videography. You will typically see 7 or 8 additional protections offered by the insurance company. Some insurance companies already include these additional protections as part of their Cancellation / Postponement Insurance policy, while others let you mix and match the specific protections that you want.

How much do they cover?

When a policy bundles the Cancellation / Postponement Insurance together with the additional protections, they will typically provide a chart showing you the coverage amount for each protection category. If you pay a higher premium to have higher coverage for your Cancellation / Postponement Insurance, you will see correspondingly higher coverages for the additional protections.

Other policies let you pick and choose which additional protections you want, or they’ll even let you buy them on their own without a Cancellation / Postponement policy. In those cases, you can usually decide how much coverage you need. The higher your coverage dollar limit, the more expensive your premium will be.

How much coverage do I need?

Learn about each additional protection and decide what is important to you. For example, are you planning to wear expensive jewelry? If so, you can decide to go for a high coverage level on the Special Jewelry policy.

How much is the deductible?

Each of these protections usually has a deductible, which typically starts at $25 and goes up from there, depending on the cost of your premium. Policies with higher premiums tend to have lower deductibles.

The 8 Additional Protections Offered by Most Wedding Insurance Companies

1. Extra Expense Insurance

Let’s say that a power outage derails your wedding, but you decide not to postpone or cancel. Instead, you find an emergency generator so the show can go on. Extra Expense Insurance reimburses you for making arrangements that avoid postponing or cancelling the wedding. In this case, renting the generator or buying dozens of candles and candleholders to light up the room could be covered by insurance.

Remember that each policy has a dollar limit for how much it will cover for extra expenses.

2. Photographs and Video Insurance

This policy can cover situations such as:

  • The photographer or videographer doesn’t show up.
  • The photographer or videographer loses or damages his camera, film or memory card before copies are made of the photos or video.
  • The photographer or videographer fails to load the film or memory card or fails to remove the camera lens.

Your policy may pay to rehire the photographer or videographer to retake the photos and video of the bride and groom, immediate family and wedding party. This can include reimbursing travel expenses that are required to get the wedding party together again, as well as reimbursing the expenses to recreate the event (paying to rent a venue, getting a cake and flowers and renting wedding attire).

Be aware that if the photos or video are not up to your standards, that is a subjective opinion and insurance will not cover it. Therefore, choose your photographer and videographer carefully and make sure that you like their work ahead of time.

As always, there will be a dollar limit on coverage.

3. Gifts Insurance

This coverage will pay to repair or replace gifts that are lost or damaged. Some policies cover theft of the gifts if you meet certain criteria, such as filing a police report.

Policies usually have a time limitation on when the loss or damage must occur in order for it to be covered. It’s common to see a policy state that the loss or damage must occur within 7 days of the wedding, either before or after, in order for you to be covered.

In addition to the time limitation, there is often a location limitation. Some policies will pay for the gifts if the loss or damage happens in your home, event venue or in transit between the two. Other policies are much more broad and cover the whole U.S., its territories, Canada and cruise ships leaving from those places.

Finally, there is usually a limitation on cash, checks and gift cards. It’s common to see a $300 coverage limitation if these types of gifts go missing.

Remember, the insurance will have a dollar limit on coverage.

4. Special Attire Insurance

The exact definition can vary, but Special Attire usually includes clothes, including alterations and fitting fees, for the bride, groom and wedding party that you buy or rent, or even attire that you already own. It usually includes shoes and headwear.

It typically does not include watches, jewelry or precious or semi-precious gemstones or pearls, even if they are attached to the clothing.

This coverage can cover situations such as:

  • You need to replace lost or stolen attire.
  • You need to repair damaged attire.
  • You need to rent replacement attire if you can’t replace or repair yours in time.

So, if you spill red wine on your dress and can’t get it out, or your tux splits at the seams, this insurance could be your savior.

Again, your policy will have a dollar limit on how much it will cover.

5. Special Jewelry Insurance

The typical policy will pay to replace or repair stolen, lost or damaged jewelry, watches and wedding rings of the bride and groom that are purchased or rented specifically for the wedding.

This coverage does not include engagement rings.

Some policies do not cover lost jewelry, like if you lose the wedding bands.

Policies that cover theft will typically require you to file a police report and meet other criteria.

Some policies have a time limitation. For example, a policy may only cover the theft, loss or damage if it happens in the 7 days leading up to and including the wedding day.

Pay attention to the dollar limit on the coverage. If you’re planning to wear expensive jewelry or a family heirloom, make sure you get enough insurance coverage.

6. Loss of Deposits Insurance

This coverage will typically reimburse you for deposits in these types of situations:

  • A vendor doesn’t show up.
  • A vendor goes out of business and is unable to refund your deposit.
  • A vendor doesn’t provide the agreed upon service and doesn’t refund you.

There will be a dollar limit on the coverage, just like there is for the other insurances.

7. Counseling Insurance

If a doctor recommends you get counseling for emotional distress after your wedding is cancelled or postponed, this policy will cover the cost of therapy. It’s common to see policies that cover a year of therapy, up to the dollar limit of the policy.

8. Rented Property Insurance

If you rent items for your wedding, such as a tent, tables or chairs, this coverage will pay to repair or replace the rented property if it’s damaged, up to the coverage limit.

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6. WHAT ISN’T COVERED BY WEDDING INSURANCE?

Check your insurance policy to know exactly what it covers. Typically, the following will not be insured:

Crappy Weather that Isn’t Severe

In order for weather to be considered severe, it must be at the level where airports are shut down, people can’t get to your wedding or your venue is damaged. This includes natural disasters such as hurricanes, tornados, snowstorms and floods.

On the other hand, if there’s a torrential downpour, we feel for you, but the insurance company won’t. They will not reimburse expenses for postponing or cancelling due to rainy, cloudy or otherwise crappy weather.

They say rain on your wedding day is good luck!

Change of Heart

According to a 2013 study by The Wedding Report, 13% of engagements don’t end in marriage. When a couple calls off the wedding, or one of them gets cold feet and leaves the other at the altar, this is called a “change of heart” by the insurance companies. The vast majority of policies will not cover your expenses if this is the reason for your wedding cancellation or postponement.

Celebrity couples who called off the wedding. Wedding insurance doesn't usually cover a change of heart.

 

There is an insurance policy from Wedsure that does cover change of heart. However, it will not reimburse expenses if the change of heart happens less than 365 days before the wedding or if the bride or groom are financing the wedding.

Engagement Ring

While Special Jewelry Insurance will typically cover wedding rings, it will not cover your engagement ring. Therefore, you should consider separate insurance coverage to protect your engagement ring from theft, loss and damage.

Pre-Existing Health Conditions

In order to be reimbursed for cancelling or postponing due to a sudden illness, the illness has to be truly sudden. The policy will usually state that it can’t be due to a pre-existing condition that was treated in the 12 months before the policy was signed. Similarly, policies will usually not reimburse a cancellation or postponement due to the death of someone who was diagnosed as terminally ill before the wedding.

Wedding Events That Are Not the Actual Wedding

You can typically get a Liability Insurance policy that will cover all the venues for your rehearsal welcome dinner, ceremony and reception. However, Cancellation / Postponement Insurance may not reimburse expenses for the rehearsal dinner and may only cover wedding day festivities. Make sure you know what the policy covers when you purchase it.

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7. WHO SHOULD BUY THE INSURANCE WHEN MULTIPLE PEOPLE PAY FOR THE WEDDING?

Let’s say that the bride and groom and both sets of parents all contribute some amount of money to the wedding budget. Does each party need to buy a separate insurance policy? The short answer is no.

When it comes to buying Liability Insurance, you are purchasing protection in case someone gets injured or there is property damage. This way, no one – not the bride, groom, parents or anyone else – is liable for those expenses. It doesn’t matter who is paying for the wedding when you get this coverage. You just need one policy that covers the wedding venues.

When it comes to Cancellation / Postponement Insurance, the explanation is a little different.

Let’s say your wedding budget is $33,000, so you get a policy for $35,000 in coverage. Let’s also say that these are the contributions to the wedding budget:

  • Bride and groom – $5,000
  • Bride’s parents – $20,000
  • Groom’s parents – $10,000

Insurance policies typically cover the bride and groom plus whoever buys the insurance. A WedSafe rep said that they will ask for the person on the insurance policy to be whomever is paying for the largest share of expenses. In this case, that would be the bride’s parents. However, this doesn’t mean that the groom’s parents’ contribution is not covered by the insurance. The policy covers up to $35,000, which is the entire wedding budget. If something goes wrong, the whole budget is covered.

For example, let’s say that the florist goes out of business and the $1,000 flower deposit is lost. The groom’s parents paid for the florist, so now they’re out of $1,000. However, that expense is covered under the policy. The bride’s parents, as the insured, can file the claim, and when the insurance company reimburses them, they can pass that money on to the groom’s parents. Even though the groom’s parents are not specifically written into the policy as the insured parties, their payments for the wedding are still covered.

So, multiple parties can pay for the wedding and their financial contributions can be covered under one insurance policy. If they need to file a claim, they can just transfer money among themselves as needed.

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8. WHEN SHOULD I BUY WEDDING INSURANCE?

If you decide to buy wedding insurance, there is no point in waiting. Go ahead and purchase it once you have a good sense of which specific insurances you need and how much coverage you need.

Some policies will have a time limit on how far in advance you can purchase them. For example, a policy may be available 2 years to 15 days before the wedding.

Some policies cover payments that you made even before you bought the policy. They may require that you have documentation and/or receipts and that you somehow prove you didn’t know there would be issues when you bought the policy.

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9. WHO ARE THE BEST WEDDING INSURANCE COMPANIES AND HOW MUCH DO THEIR POLICIES COST?

According to a recent roundup by Reviews.com as well as ConsumersAdvocate.org’s top 10 wedding insurance services, the top wedding insurance companies are:

  • Markel
  • Wedsure
  • WedSafe

After that, they recommend:

This is a side-by-side comparison of the top 3 wedding insurance companies – Markel, Wedsure and WedSafe.

Wedding Insurance Companies Comparison_Markel Wedsure WedSafe_Links


Wedding Insurance Companies Comparison_Markel Wedsure WedSafe_Liability


Wedding Insurance Companies Comparison_Markel Wedsure WedSafe_Cancellation Postponement


Wedding Insurance Companies Comparison_Markel Wedsure WedSafe_Additional Protections

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10. WHAT ARE MY ALTERNATIVES TO BUYING WEDDING INSURANCE?

Before you buy wedding insurance, check with your vendors if they have their own insurance. Ask for their policy to see what it covers, and if they have gaps in coverage, you can supplement their insurance with your own. This could save you some money.

Another option is to check your homeowners or renters insurance policy, if you have one. Check the liability coverage section and see if it covers events outside your home. If not, check with your insurance company if you can add a special rider for liability coverage for your wedding and how much coverage you could get. This may be more cost effective than buying a separate liability insurance policy through a wedding insurance company.

Your homeowners or renters insurance policy may also cover items like jewelry. Check your policy and talk to your insurance company about wedding-related items that your policy covers. If you already have some coverage, you could save some money by buying a smaller wedding insurance policy than you originally expected.

Additionally, check the benefits of the credit card that you use to pay for the honeymoon. Does it cover trip cancellation or postponement? If so, that could be a good supplement to any wedding insurance you decide to buy.

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