You plan for what seems like ages…everyone is invited…then the venue shuts down! Wedding Insurance to the rescue!

The average price of a wedding can exceed $25,000, at this cost insuring the day makes sense. Wedding Insurance offers some peace of mind, though it can’t get you a new venue it can mitigate the financial losses.

Most insurers offer two types of Wedding Insurance:

Liability & Property Damage Insurance, this is can be required by the venue, it covers you or one of your guests if there are damages to the venue or if there is an injury. Without this coverage you could be financially responsible for repairs/replacement or even medical bills.

The cost for Liability & Property Insurance varies depending how much coverage you desire, and the requirements of the venue, if any. Industry data state the approximate cost to be $150-300, often with a possible discount if bundled with the cancellation insurance.

Event Cancellation/Postponement Insurance protects your non-refundable deposits/expenses if you need to cancel due to extreme weather, unexpected illness, etc. It will also cover no-show or bankrupt vendors, and even replacement of lost or damaged gifts.

The cost for Cancellation/Postponement depends on your approximate wedding cost; for instance a $25000 wedding will run about $200 and $50000 will run about $300 (these are not exact amounts just approximations based on industry data).

For a relatively small price, comparatively speaking, Wedding Insurance will provide a little relief during the hectic preparations and on the day of the event! Contact your agent for all the details before your big day.