Learn the two types of wedding insurance, and why they are so important. For a very reasonable price, you can be protected from a postponed wedding to liability issues from drunken guests. A very important video in our series.
The following article is an EXAMPLE of the content we have in our online wedding planning membership site HappyWeddings.ca under the heading of Legal Stuff. To learn more and get useful wedding planning tools for FREE, click here!
This video will cover two types of insurance you should have for your wedding.The first is Event Liability Insurance.Law suits are brought against couples for two main reasons:1) unsafe conditions at the venue, and 2) alcohol-related injuries.Usually both the venue and the couple are sued, and venues will have insurance whereas most couples will not.For much less than $500 (depends on the number of guests) you can have full event liability insurance.
- Someone trips on the sidewalk walking into your wedding and breaks their leg.You get sued.
- It is illegal to let someone drink and drive, but someone drives home drunk and is in an accident, or worse—gets killed.You get sued.
Liability insurance will cover those kinds of incidents.
Then there is wedding insurance—insurance against all kinds of unforeseen problems.With the right wedding insurance, a couple can postpone their wedding and receive every penny they lost (less the deductible, of course).That includes everything from invitations to florists to caterers and all non-refundable deposits.Wedding insurance does not cover you if you change your mind and decide not to get married.
Weddings cost a lot of money, so it is important to protect that investment.All wedding insurance policies are slightly different, so check the details when looking for wedding insurance.The cost is usually $200 to $400, but depends upon your coverage.
What if your reception site burns down?Or there is an ice storm, or snowstorm, and no one can make it to your wedding?Or a family member ends up in the hospital 2 days before the wedding?What if the caterer doesn’t show up for the wedding?What if the bride or groom ends up in the hospital just before the wedding?What if you are travelling to your wedding destination and the tuxedo or wedding dress gets lost?What if the bride or groom gets called to military duty unexpectedly?
Postponing the wedding because of these types of incidents can all be covered under wedding insurance.
What if the photographer screws up and you have no wedding pictures?Some insurance policies allow for new flowers, cake, etc. so the pictures can be taken again.Stolen wedding gifts are, sadly, a common problem.What if the wedding dress doesn’t come in on time as promised by the bridal salon—-or worse, if the salon goes out of business and suddenly you have no gown and no money.
Lots of things can happen when you are planning an event that costs over $20,000.For less than $500, you can get both event liability insurance and wedding insurance.It is a small price to pay for peace of mind.