Understanding How Wedding Insurance Works

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Wedding InsuranceUnless you’ve been living under a rock for the past decade, you’ve likely heard a family, friend, or stranger mention something called wedding insurance. Many people do understand what it is, how it works, and what the clear benefits are. After reading this detailed article, you’ll have a much clearer understanding as to how it all works.

Wedding Insurance 101

In its simplest form, wedding insurance can be described as a type of insurance that helps couples be protected from situations that are out of their control during their wedding. There are literally hundreds of variables that go into a wedding, and often times it can be damn-near impossible to have everything running smoothly during your big day. Wedding insurance helps to protect couples from common issues like:

  • Stolen Gifts
  • Ruined Tuxes Or Dresses
  • Limo Driver Errors
  • Booking Issues

Wedding insurance helps to create a piece of mind for couples who are worried that something might go wrong during their wedding.

How Much Does Wedding Insurance Typically Cost?

Although there is no “standard” set price, traditional wedding insurance services cost anywhere between $150 up to $600, depending on the amount of coverage you’re looking for. Further, it also depends on the amount of coverage you’re looking for.

For example, Sherry & Martin decided to purchase wedding insurance for their big day. They chose a $1,000,000 coverage plan and it ended up costing them around $200.

What Specifically Is Covered and Not Covered by Wedding Insurance?

When thinking about wedding insurance services, think about it like an “umbrella” protecting 95% of your wedding. Most wedding insurance policies include:

  1. Ceremony & Reception Locations.
  2. Expected/Unexpected Weather Conditions
  3. Vendor Issues (Not showing up, specific issues etc.)
  4. Injuries and Sickness
  5. Military Or Job Related

However, it should be noted that there are a few things that are not typically included. These things include:

  1. A Change Of Heart – (if one party decides that they don’t want to get married anymore)
  2. Precious Accessories – (some examples are jewelry, gemstones, pearls, and watches)
  3. Wedding Rings

It should be noted that all wedding insurance policies are different. To figure out what is and what isn’t covered by your policy, talk to your corresponding insurance company.

Should I Get Wedding Insurance?

At the end of the day, choosing whether or not to buy wedding insurance is a decision only you and your partner can make together. On the surface, it seems obvious that you should always buy wedding insurance; but factors such as a lack of budget or where you’ll be holding your ceremony can make insurance unaffordable or impossible. However, if you have a lot of money tied up in your wedding and you want to make sure it is money well spent, buying wedding insurance is pretty much a no brainer.


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